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INDIA’S EXPORTS UP BY RECORD 30% IN FIRST TWO MONTHS OF THIS FISCAL —CONTINUED SURGE
REFLECTS GROWING COMPETITIVENESS OF INDIA’S MANUFACTURING SECTOR, SAYS KAMAL NATH
INDIA’S FOREIGN TRADE DATA – APRIL-MAY 2006-07
Date : 19 Jun 2006
Location : New Delhi
India’s merchandise exports during May 2006 are valued at US $ 9358.06 million (provisional) which is 29.59% higher than the level of US $ 7221.36 million (provisional) during May 2005.
In rupee terms, the exports were Rs.42492.42 crore (provisional) which is 35.31% higher than the level of Rs.31404.91 crore (provisional) during May 2005.
Exports during April-May 2006 are valued at US $ 17704.85 million (provisional), which is 28.40% higher than the level of US $ 13789.35 million (provisional) during April-May 2005. Remarking on the performance, Shri Kamal Nath, Union Minister of Commerce & Industry, said that “the continued double-digit 20% plus growth in India’s merchandise exports for the third year in succession reflects, among other things, the growing global competitiveness of the Indian manufacturing sector and the conducive framework of the Foreign Trade Policy”.
In rupee terms, the exports were Rs.80010.50 crore (provisional) during April-May 2006, which is 33.05% higher than the level of Rs.60134.09 crore (provisional) during April-May 2005.
India’s imports during May 2006 are valued at US $ 13193.35 million (provisional) representing an increase of 21.67% over the level of imports valued at US $ 10843.18 (provisional) million in May 2005.
In rupee terms, the imports were Rs.59907.42 crore (provisional) which is 27.04% higher than the level of Rs.47,155.81 crore (provisional) during May 2005.
Total imports during April-May 2006 are valued at US $ 25788.75 million (provisional) which is 22.79% higher than the level of US $ 21002.82 million (provisional) during April-May 2005.
In rupee terms, the imports were Rs.116522.65 crore (provisional) which is 27.21% higher than the level of Rs.91595.27 crore (provisional) during April-May 2005.
Oil imports during May 2006 are valued at US $ 4151.31 million (provisional) which is 27.34% higher than oil imports valued at US $ 3260.14 million (provisional) in the corresponding period last year.
Oil imports during April-May 2006 are valued at US $ 8344.95 million (provisional) which is 31.44% higher than oil imports valued at US $ 6348.99 million (provisional) in the corresponding period last year.
Non-oil imports during May 2006 are estimated at US $ 9042.04 million (provisional), which is 19.24% higher than the level of such imports valued at US $ 7583.04 million in May 2005.
Non-oil imports during April-May 2006 are estimated at US $ 17443.80 million which is 19.04% higher than the level of such imports valued at US $ 14653.83 million in April-May 2005.
The trade deficit for April-May 2006 estimated at US $ 8083.90 million (provisional) which is higher than the deficit of US $ 7213.47 million (provisional) during April-May 2005.
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