India’s exports have registered a growth of 36.4% during December 2010, at US $ 22.5 billion. Stating this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-December 2010, exports have reached a level of US $ 164.7 billion at a growth of 29.5% while the imports were US $ 247.1 billion with a growth of 19% and a trade deficit of US $ 82.4 billion. During the interaction, Shri Khullar informed that India’s imports in December 2010 were US $ 25.1 billion, down by 11.1% He further clarified that these figures are the quick estimates and the final figure may change. Balance of trade for the month of December stood at -2.6 billion US $, which is the lowest in last three years.
During April-December 2010, the following sectors have done well viz., engineering, gems & jewellery, petroleum and its products, leather & leather products, carpet, plastics & linoleum, cotton yarn, chemicals etc.
Mr. Khuller explained that these export monthly numbers are the highest in last 33 months and the import figures are lowest in the last 14 months.