March export grows at 6.97%

 

 

March export grows at 6.97%

 

India’s exports for the month of March 2013 stands at USD 30.84 billion as compared to USD 28.83 billion in March 2012 registering a growth of 6.97%. During March 2013, the imports were USD 41.16 billion as compared to USD 42.38 billion in March 2012, registering a growth of (-) 2.87%. The balance of trade stands at around USD (-) 10.31 billion during March 2013 as compared to (-) 13.54 billion for March 2012.

 

  Value of foreign trade                                                      USD billion

Period	March	Apr- March
Exports
FY 13	30.84	300.57
Growth (%)	6.97	(-) 1.76
Imports
FY 13	41.16	491.48
Growth (%)	(-) 2.87	0.44
Trade balance
FY 13	(-)10.31	(-)190.91

   Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

 

The cumulative figure for the period of April- March 2013 shows exports at USD 300.57 billion as compared to USD 305.96 billion in April- March 2012; while the cumulative imports for April- March 2013 stands at USD 491.48 billion as compared to USD 489.31 billion in April- March 2012. The cumulative figure for the balance of trade for the period of April- March 2013 stands at USD (-) 190.91 billion as compared to USD (-) 183.35 billion in April- March 2012.

 

Trend in Exports and Imports                                                                                  (%)

Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

 

 

 

Warm regards,

 

Dr. S P Sharma

Chief Economist

________________________________________________

PHD Research Bureau

PHD Chamber of Commerce and Industry

August Kranti Marg, New Delhi – 110016

Tel 91 11 49545454, Fax 91 11 26855450,

E mail – research@phdcci.in

Website www.phdcci.in