India’s Updated 2011 Foreign Trade Statistics

ndia's monthly imports during October 2011 were recorded at US$39.51 billion, showing a development of 21.72 percent over the level of US$32.46 billion experienced in October last year. The swelling value of imports for the period of April-October this fiscal was US$273.47 billion as against US$208.82 billion over the same period last year, recording an increase of 30.96 percent.

Oil imports during October 2011 were recorded at US$10.08 billion, which is 20.73 percent higher than oil imports valued at US$8.35 billion in the equivalent period last year. Oil imports during April-October this fiscal were valued at US$81.92 billion which is 40.82 percent higher than the oil imports of US$58.18 billion in the equivalent period last year.

Non-oil imports during October 2011 were estimated at US$29.44 billion which is 22.07 percent higher than non-oil imports of US$24.12 billion in October 2010. Non-oil imports during April – October this fiscal were recorded at US$191.55 billion, which is 27.15 percent higher than the US$150.65 billion recorded over the same time-frame last year.

India's trade deficit for April-October this fiscal is estimated at US$93.69 billion, which is slightly higher than the deficit of US$85.65 billion recorded during April-October 2010.

Source: india-briefing.com