India’s Foreign Trade Data (For April-June, 2006-2007)
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India’s merchandise exports during June 2006 have shown an unprecedented growth of 40.17%, having increased to US $ 9967.08 million ($ 9.9 billion) from the level of US $ 7110.96 million ($ 7.1 billion) during June 2005, according to provisional data available for the first quarter April-June of the current financial year 2006-07.
India’s merchandise exports during June 2006 have shown an unprecedented growth of 40.17%, having increased to US $ 9967.08 million ($ 9.9 billion) from the level of US $ 7110.96 million ($ 7.1 billion) during June 2005, according to provisional data available for the first quarter April-June of the current financial year 2006-07.
Exports during April-June 2006 are valued at US $ 27671.93 million ($ 27.6 billion) which is 32.40% higher than the level of US $ 20900.31 million ($ 20.9 billion) during April-June 2005.
Commenting on the latest export trends, Shri Kamal Nath, Union Minister of Commerce & Industry has said: “The sustained buoyancy of India’s merchandise exports and in particular the record growth achieved in the first quarter of this fiscal reflects the effectiveness of various policy measures taken by the government and the growing global competitiveness of Indian enterprises, especially in the manufacturing sector which accounts for over 75% of India’s exports. The increase has taken place across the board covering diverse products and destinations.
At this rate, I am confident that India’s merchandise exports will hit US $ 126 billion this year, representing a doubling of exports within just 3 years – something unprecedented anywhere else”.
(NB: Quick estimates of selected major commodities indicate a substantial increase in exports of engineering products, petroleum products, basic chemicals, electronic goods, cotton yarn/fabrics/made-ups etc., spices, coffee, tobacco, carpets; and mica, coal and other minerals, including processed minerals, during June 2006).
In rupee terms, the exports during April-June were Rs.125914.98 crore which is 38.18% higher than the level of Rs.91126.20 crore during April-June 2005.
(The revised figure of exports for April-June 2005 is US $ 23676.12 million/Rs.103232.70 crore).
India’s imports during June 2006 are valued at US $ 13763.86 million representing an increase of 23.98% over the level of imports valued at US $ 11101.23 million in June 2005.
In rupee terms, the imports were Rs.63390.96 crore which is 31.02% higher than the level of Rs.48383.16 crore during June 2005.
(The revised figure of imports for June 2005 is US $ 11242.42 million/Rs.48998.51 crore).
Total imports during April-June 2006 are valued at US $ 40281.28 million which is 24.48% higher than the level of US $ 32360.13 million during April-June 2005.
In rupee terms, the imports were Rs.183222.61 crore which is 29.86% higher than the level of Rs.141093.43 crore during April-June 2005.
(The revised figure of imports for April-June 2005 is US $ 34214.14 million/Rs.149171.59 crore).
Oil imports during June 2006 are valued at US $ 4817.6 million which is 55.59% higher than oil imports valued at US $ 3096 million in the corresponding period last year.
Oil imports during April-June 2006 are valued at US $ 13128.07 million which is 38.99% higher than oil imports valued at US $ 9445.34 million in the corresponding period last year.
Non-oil imports during June 2006 are estimated at US $ 8946.25 million which is 9.82% higher than the level of such imports valued at US $ 8146.07 million in June 2005.
Non-oil imports during April-June 2006 are estimated at US $ 27153.22 million which is 9.63% higher than the level of such imports valued at US $ 24768.80 million in April-June 2005.
The trade deficit for April-June 2006 is estimated at US $ -12609.35 million which is higher than the deficit of US $ -11459.82 million during April-June 2005.
Source: PIB Press Releases.
