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Wednesday, August 1, 2012

Exports fall over 5% to $25.1 billion in June

New Delhi: India's exports contracted for second month in June by 5.45 percent to USD 25.1 billion in June, while imports fell 13.46 percent to USD 35.4 billion, leaving a trade deficit of USD 10.3 billion, government data showed on Wednesday.

The trade deficit for April - June, 2012-13 was estimated at USD 40055.45 million which was lower than the deficit of USD 46233.94 million during April -June, 2011-12. 

India’s Exports during June, 2012 were valued at USD 25067.20 million (Rs. 140452.05 crore) which was 5.45 percent lower in Dollar terms (18.11 percent higher in Rupee terms) than the level of USD 26511.62 million (Rs. 118914.17 crore) during June, 2011. 

Cumulative value of exports for the period April-June 2012 -13 was USD 75203.96 million (Rs 407055.99 crore) as against USD 76507.51 million (Rs 342163.55 crore) registering a negative growth of 1.70 percent in Dollar terms and growth of 18.97 percent in Rupee terms over the same period last year.

India’s Imports during June, 2012 were valued at USD 35370.57 million (Rs.198182.00 crore) representing a negative growth of 13.46 per cent in Dollar terms (growth of 8.11 percent in Rupee terms) over the level of imports valued at USD 40870.18 million ( Rs. 183317.46 crore) in June, 2011. 

Cumulative value of imports for the period April-June, 2012-13 was USD 115259.41 million (Rs. 623266.64 crore) as against USD 122741.45 million (Rs. 549000.58 crore) registering a negative growth of 6.10 percent in Dollar terms and growth of 13.53 percent in Rupee terms over the same period last year.

Oil imports during June, 2012 were valued at USD 12688.6 million which was 4.43 percent lower than oil imports valued at USD 13276.9 million in the corresponding period last year. 
ZEEBIZ NEWS
www.marketfutureindia.com

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