India's Trade Deficit Narrows in December


India's trade deficit stood at Rs. 965.73 billion in December.

Exports during December, 2012 were valued at US $24877.57 million (Rs. 1359.5047 billion) which was 1.92 per cent lower in Dollar terms (1.75 per cent higher in Rupee terms) than the level of US $25365.69 million (Rs. 1336.1861 billion) during December, 2011. Cumulative value of exports for the period April-December 2012-13 was US $214099.77 million (Rs. 11664.3869 billion) as against US $226551.09 million (Rs. 10666.6831 billion) registering a negative growth of 5.50 per cent in Dollar terms and growth of 9.35 per cent in Rupee terms over the same period last year.

Imports during December, 2012 were valued at US $42549.50 million (Rs. 2325.2366 billion) representing a growth of 6.26 per cent in Dollar terms and 10.23 per cent  in  Rupee  terms over  the  level  of  imports  valued at US $40044.06 million  (Rs. 2109.3969  billion) in December, 2011. Cumulative value of imports for the period April-December, 2012-13 was US $361271.88 million (Rs. 19675.2183 billion) as against US $363867.81 million (Rs.17144.3242 billion) registering a negative growth of 0.71 per cent in Dollar terms and growth of 14.76 per cent in Rupee terms over the same period last year.

The trade deficit for April-December, 2012-13 was estimated at US $147172.11 million which was higher than the deficit of US $137316.72 million during April-December,2011-12.


Ministry of Commerce & Industry | Nuno Salva | nuno.salva@tradingeconomics.com
1/18/2013 2:25:07 PM