Exports dip 1.9% in December to $24.8 bn

Imports grew by 6.26% at $ 42.5 billion leaving a trade deficit of $ 17.6 billion

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Piyali Mandal New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

India's exports contracted by 1.9% in December to $24.88 billion, as against $25.3 billion in December 2011, due to slowdown in demand in the US and European markets.

However, imports grew by 6.26% to $42.5 billion in December, leaving a trade deficit of $17.6  billion.  

During April-December 2012-13, the country's cumulative exports had shrunk by 5.5% to $214.1 billion as against $226.5 billion in the corresponding period last fiscal.

Cumulative value of imports for the April-December was $361.2 billion as against $363.8 billion registering a negative growth of 0.71%.

During the first nine months of this financial year, the trade deficit stands at $147.2 billion. During April-December 2011-12, the deficit was $137.3 billion.  

 
Exports and Imports (In Us $ million)  
(Provisonal)  
Exports (Including Re-Exports)  
2011-1225,365.6922,6551.09
2012-1324,877.572,14,099.77
%Growth 2012-13/2011-2012-1.91-5.50
Imports  
2011-1240,044.063,63,867.81
2012-1342,549.503,61,271.88
% Growth 2012-13 / 2011-126.26-.71
Trade Balance  
2011-12-14,678.37-1,37,316.72
2012-13-17,671.93-1,47,172.11

Oil imports in December increased by 23.5% year-on-year to $14.4 billion. For the nine month period between April-December 2012-13, were valued at $124.5 billion which was 12.18% higher than the oil imports of  $111 billion in the corresponding period last year.

Non-oil imports, however, declined by 0.87% to $28.11 billion. Non-oil imports during April-December 2012-13 were valued at  $236.7 billion which was 6.37% lower than the level of such imports valued at $252.8 billion in April-December, 2011-12.

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First Published: Jan 11 2013 | 2:44 PM IST

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