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Exports dip by 2.3% in first five months of 2001-02

Exports continued to maintain negative trends during the current financial year with a decline of 2.3 per cent during the first five months increasing trade deficit by over 25 per cent during April-August.

In value terms the decline of 2.3 per cent amounted to $17.13 billion as against $17.54 billion during April-August 2000-01.

As per the provisional trade data compiled by the directorate general of Commercial Intelligence and Statistics, imports during the period are estimated to have grown by 2.46 per cent at $21.74 billion compared to $21.2 billion in the same period last year.

The trade deficit thereby soared by over 25 per cent at $4.6 billion compared to the deficit of $3.6 billion during April-August 2000-01.

Oil imports during the period were valued at $6.4 billion dollars, which is 6.03 per cent lower than the oil imports valued at $6.8 billion in the corresponding period last year.

The non-oil imports during April-August 2001-02 were estimated at $15.2 billion, which was 6.54 per cent higher than the level of such imports valued at $14.3 billion in April-August 2000-01.

Exports during August 2001 was valued at $3.63 billion, which was over one per cent lower than the level of $3.66 billion in August last year.

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