The oil import bill increased 11.2% to $10.28 billion, while the non-oil import advanced 23.4% to $27.47 billion in December 2011. The oil import has increased 40.4% to $105.59 billion, while non-oil import climbed up 26.5% to $245.35 billion in April-December 2011. The share of oil import bill in total imports stood at 27.2% in December 2011 and 30.1% in April-December 2011.
The cumulative exports have increased 25.8% to $217.66 billion, while cumulative imports have advanced 30.4% to $350.94 billion during April-December 2011. The cumulative trade deficit stood at $133.27 billion during April-December 2011 compared to $96.2 billion during same period last year.
In rupee terms, exports increased 24.5% to Rs 131776 crore, while imports increased 39.8% to Rs 198873 crore in December 2011. The trade deficit stood at Rs 67097 crore in December 2011. Cumulative exports increased 29.9% to Rs 1024707 crore, while cumulative imports moved up 34.5% to Rs 1651240 crore in April-December 2011. The trade deficit stood at Rs 626533 crore in April-December 2011 compared to Rs 439006 crore in April-December 2010.
During quarter ended December 2011, the exports increased mere 3.3% to $69.951 billion, while imports grew 26.5% to $117.426 billion. However, the trade deficit jumped to $59.811 billion in Q3 of FY12 compared to $25.09 billion during Q3 of FY11.
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