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Exports contract 14.8 per cent during July


Mumbai, September 3, 2012

India's exports in July contracted 14.8%, steepest fall in three years, to $22.4 billion, mainly due to the demand slowdown in the US and Europe.

 

Reflecting slowdown in the economy, imports too declined by 7.61% to $37.9 billion in July, leaving a trade deficit of $15.4 billion.

 

Oil and non-oil imports in July declined by 5.52 % and 8.57% to $12.22 billion and $25.7 billion respectively.

 

Commerce Secretary S R Rao has said the European sovereign debt crisis is impacting the world trade and in the US markets too, demand is not picking up.

 

Foreign Trade Statistics : July 2012

 

EXPORTS & IMPORTS  : (US $ Billion)

(PROVISIONAL)

 

 

 

JULY

APRIL-JULY

EXPORTS(including re-exports)

 

 

2011-12

26.34

102.84

2012-13

22.44

97.64

%Growth2012-13/ 2011-2012

-14.80

-5.06

IMPORTS

 

 

2011-12

41.05

163.80

2012-13

37.93

153.19

%Growth2012-13/ 2011-2012

-7.61

-6.47

 

 

 

EXPORTS & IMPORTS  : (Rs. Crore)

 

 

 

(PROVISIONAL)

JULY

APRIL-JULY

 

 

 

EXPORTS(including re-exports)

 

 

2011-12

1,16,998

4,59,162

2012-13

1,24,546

5,31,602

%Growth2012-13/ 2011-2012

6.45

15.78

IMPORTS

 

 

2011-12

182,376

731,377

2012-13

210,526

833,792

%Growth2012-13/ 2011-2012

15.43

14.00

 
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