Page 73 - International Marketing

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BRILLIANT'S International Marketing Environment 75

(II) Recent Trends in Import

 Imports during October, 2012 were valued at US $ 44208.35 million
representing a growth of 7.37 percent in Dollar terms over the
level of imports valued at US $ 41175.06 million in October, 2011.
Cumulative value of imports for the period April-October, 2012-13
was US $ 277135.48 million as against US $ 284721.27 million
registering a negative growth of 2.66 percent in Dollar terms over
the same period last year.
 Oil imports during October, 2012 were valued at US $ 14785.3
million which was 31.61 percent higher than oil imports valued at
US $ 11234.3 million in the corresponding period last year. Oil
imports during April-October, 2012-13 were valued at US $
95569.0 million which was 9.99 percent higher than the oil imports
of US $ 86887.7 million in the corresponding period last year.
 Non-oil imports during October, 2012 were estimated at US $
29423.1 million which was 1.73 percent lower than non-oil imports
of US $ 29940.8 million in October, 2011. Non-oil imports during
April-October, 2012-13 were valued at US $ 181566.5 million
which was 8.22 percent lower than the level of such imports
valued at US $ 197833.6 million in April-October, 2011-12.
 As per the available data on commodity-wise imports for 2011-
12, petroleum and petroleum products continued to be a major
item of India's imports, followed by capital goods and gold &
silver. Petroleum, petroleum products and related material,
accounting for nearly 31.7 percent of India's total merchandise
imports, grew by 46.2 percent during 2011-12 as compared with
21.6 per cent during 2010-11.
Import of gold & silver showed a marginally higher growth of 44.4
percent as compared with 43.5 percent in 2010-11, reflecting the
higher demand for gold despite the rise in international gold prices
in 2011-12 . Higher growth in imports of gold in value terms (44.4
percent) than that in international prices (27.2 percent) during
2011- 12 reflects the contribution of price as well quantum factors
in increasing the imports of gold. However, non-oil imports during
2011-12 at US $ 334.5 billion witnessed a growth of 26.8 percent
as against 31.1 percent during 2010-11. Even though the overall
growth in import of capital goods was higher in 2011-12, certain
categories of capital goods, viz., machine tools and manufacture
of metals showed a decelerated growth.