Import of sensitive items up 42.8 pc in FY'12

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SME Times News Bureau | 20 Jun, 2012
Total import of sensitive items for the period April-March 2012 has been Rs. 1009.11 billion as compared to Rs.706.56 billion during the corresponding period of last year thereby showing an increase of 42.8 percent, said official data released on Wednesday.

According to the latest data, the gross import of all commodities during same period of current year was Rs. 23422.17 billions as compared to Rs. 16834.67 billion during the same period of last year. Thus import of sensitive items constitutes 4.2 percent and 4.3 percent of the gross imports during last year and current year respectively.

Imports of food grains have declined at broad group level during the period.

Imports of all other items viz. edible oil, automobiles, pulses, fruits & vegetables (including nuts), rubber, cotton & silk, products of SSI, spices, milk & milk products, alcoholic beverages, marble & granite and tea & coffee have increased during the period under reference.

In the edible oil segment, the import has increased from Rs. 293.191 billion last year to Rs. 463.092billion for the corresponding period of this year.

The imports of both crude oil as well as refined oil have gone up by 53.5 percent and 85.6 percent respectively.

The increase in edible oil import is mainly due to substantial increase in import of crude palm oil and its fractions.

Imports of sensitive items from Indonesia, China P RP, Malaysia, Germany, Argentina, Ukraine, Korea RP, USA, Japan, Thailand, Canada, Myanmar, United Kingdom, Australia, Cote D' Ivoire, Vietnam soc Republic, Guinea Bissau etc. have gone up while those from Brazil etc. have gone down, it said.