Exports during July, 2013 were valued at US $ 25834.46 million which was 11.64 per cent higher in Dollar terms (20.25 per cent higher in Rupee terms) than the level of US $ 23140.43 million during July, 2012.
Cumulative value of exports registered a growth of 1.72 per cent in Dollar terms and growth of 6.31 per cent in Rupee terms over the same period last year, the best in two years — propelled by higher demand for pharmaceuticals, textiles, chemicals and petrochemicals, and a falling rupee.
Imports during July, 2013 were valued at US $ 38102.56 million representing a negative growth of 6.20 per cent in Dollar terms and growth of 1.04 per cent in Rupee terms over the level of imports valued at US $ 40619.45 million in July, 2012.
Cumulative value of imports for the period April-July, 2013-14 was US $ 160738.29 million as against US $ 156327.95 million registering a growth of 2.82 per cent in Dollar terms and growth of 7.12 per cent in Rupee terms over the same period last year.
Commerce Secretary S. R. Rao said during a press conference that export growth should keep pace in the coming months as recent incentives start showing results, and the rupee exchange rate being down.