The Hindu Business Line : Exports rise 28 pc in Aug at $562 m

CONTINUING its buoyant trend of the past months, the country's exports logged a growth of 28.13 per cent in dollar terms at $562.53 million in August, with the cumulative export growth running at 26.08 per cent during the first five months of the current fiscal.This is far ahead of the 12 per cent export growth target for the whole fiscal year.

Provisional trade figures collected by the Directorate-General of Commercial Intelligence and Statistics (DGCI&S), Kolkata, and released by the Department of Commerce show that exports during April-August are valued at $27,551.63 million, against $21,852.48 million during the corresponding months of 2003-04.

In rupee terms, the exports were Rs 1,25,199.79 crore during the first five months of the current fiscal, against Rs 1,01,956.20 crore, showing a growth of 22.80 per cent.

The country's imports during April-August are valued at $37,137.75 million, representing an increase of 30.42 per cent over the level of imports valued at $28,474.44 million in the same period last year.

Imports during August are valued at $7,102.04 million ($5,656.41 million in August 2003), representing an increase of 25.55 per cent.

Oil imports during the first five months of the current fiscal are valued at $11,734.34 million ($7,578.89 million), which is 54.83 per cent higher, reflecting the hardening of global crude oil prices in recent months.

Non-oil imports during April-August are estimated at $25,403.41 million ($20,895.55 million), higher by 21.57 per cent.

Trade deficit for the first five months of the current fiscal amounted to $9,586.12 million ($6,621.96 million).

More Stories on : Foreign Trade | Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
No broadcaster meets BCCI's criteria: HC

Inflation declines on cheaper oilseeds, poultry

Exports rise 28 pc in Aug at $562 m

Cabinet clears DA hike for Govt staff

Manufacturing competitiveness council okayed

Nod for Ordinance to amend Securities Contracts Act — Way paved for corporatisation, demutualisation of exchanges

Sensex gains 83 points on heavy FII buying

Mobile roaming may cost less — TRAI plans ceiling of Rs 1.75 a minute on airtime charges