India's merchandise exports up 31.5% in Apr

April exports growth was higher than the 26.7 per cent gain seen in the previous month.

Imports increased faster than exports in the month under consideration and rose 36.6 percent to $24.3 billion from $17.76 billion seen in April, 2007.

With imports out pacing exports, trade deficit in April, 2008 stood at $9.87 billion, a rise of 45 per cent from $6.81 billion a year earlier.

 

Oil imports (comprising crude oil and some petroleum products) during April, 2008 stood at $8 billion, which was 46.2 per cent higher $5.4 billion seen in the same month of the previous year.

Non-oil imports during April, 2008 grew by 32.3 per cent to $16.24 billion this April, from $12.27 billion seen in the same month of the previous year.