exports and imports of india

8/2/2019 Exports and Imports of India

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Analysis of Exports and Imports in

India

Members

Amit Verma

Ashwini SuryavanshiManjula Amin

Sukesh Nagarkar

Gurpreet Ghuman

Vidhisha Singh

ChetanSatyajeet

Submitted to Prof Deepali Garge


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What are Exports???

What are imports???


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Major products exported and

imported in India


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(Figures in US$ billion)

DEPARTMENT OF COMMERCE

ECONOMIC DIVISION

EXPORTS & IMPORTS

November April-November

EXPORTS (including re-exports)

2010-2011 21.49 144.66

2011-2012 22.32 192.69

% Growth 2011-2012/ 2010-2011 3.87 33.21

IMPORTS

2010-2011 28.84 237.66

2011-2012 35.92 309.53

% Growth 2011-2012/ 2010-2011 24.55 30.24

TRADE BALANCE

2010-2011 - 7.35 - 93.00

2011-2012 - 13.60 - 116.84

Trade Balance

The trade deficit for April-November, 2011-12 was estimated at US$ 116.84 billion which was higher than the deficit

of US$ 93.00 billion during April-November, 2010-11.

Source:Ministry of Commerce and Industry,Government ofIndia


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Data for 2002-2012


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Source:tradingeconomics.com

India exports were worth 25347 Million USD in January of

2012. Exports amount to 22% of Indias GDP. Gems and

jewellery constitute the single largest export item, accounting

for 16 percent of exports. India is also leading exporter of

textile goods, engineering goods, chemicals, leathermanufactures and services. Indias main export partners are

European Union, United States, United Arab Emirates and

China.


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Data for 2002 -2012


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Source: tradingeconomics.com

India imports were worth 40108 Million USD in January of

2012. India is poor in oil resources and is currently heavilydependent on coal and foreign oil imports for its energy needs.

Other imported products are: machinery, gems, fertilizers and

chemicals. Main import partners are European Union, Saudi

Arabia and United States.


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S. No Year Exports %Growth Imports %Growth Trade Balance

1. 2004-2005 375,340 27.94 501,065 39.53 -125,725

2. 2005-2006 456,418 21.60 660,409 31.80 -203,991

3. 2006-2007 571,779 25.28 840,506 27.27 -268,727

4. 2007-2008 655,864 14.71 1,012,312 20.44 -356,448

5. 2008-2009 840,755 28.19 1,374,436 35.77 -533,680

6. 2009-2010 845,534 0.57 1,363,736 -0.78 -518,202

7. 2009-10 (Apr-Dec) 608,882 991,605 -382,723

8. 2010-11 (Apr-Dec) 751,633 23.44 1,126,513 13.61 -374,880

Performance of Exports, Imports and Balance of Trade

Value in Rs. Crores

Data Source: DGCI&S


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The share of top five principal commodity groups in Indias total exports

during 2010-11 (April-September) is given at Chart 2.3.

Source : DGCI&S


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The export performance (in terms of growth) of top five commodities during

2010-11 (April-September) vis-a-vis the corresponding period of the previous

year is shown at Chart 2.4.

Source : DGCI&S


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The share of top five Principal Commodities in Indias total imports during

2010-11 (April-September) is given at Chart 2.5 below:

Source : DGCI&S


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The import performance by top five principal commodities during 2010-11

(AprilSeptember) vis-a-vis the corresponding period of the previous year is

shown at Chart 2.6.

Source : DGCI&S


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Source : DGCI&S


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Source : DGCI&S


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70% of Indias Exim trade to come from

FTAs in next 2-3 yrs

More than 70 per cent of Indias exim trade would come from foreign trade agreements(FTAs) in the next two-three years, as over 12 countries would collaborate with India, a seniorgovernment official said.

This presently stood at 10 per cent and was expected to jump to 70 per cent in the next 2-3-years, the official said.

At present, Indias exim trade stands at $500 billion, of which exports stand at $200 billionand imports at $300 billion.

In the next two-three-years, India will collaborate with a number of countries likeSwitzerland, Norway, Japan, Namibia, South Africa, Gulf states and the European Union,among others ministry of commerce.

After signing an agreement with The Association of South-east Asian Nations (Asean) andKorea early this year, India is now expanding its business relations across the globe.

During the recent slowdown (only now beginning to mend), India had emerged as a hotdestination for emerging economies for exports, he said.

It was essential that negotiations covered those areas, particularly IT, film and educationsectors.

Source: business standard

exports and imports of india

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