TRENDS OF EXPORTS AND IMPORTS IN INDIA

TRENDS OF EXPORTS AND IMPORTS IN INDIASubmitted To : Submitted By :Dr. G.S. Dangayach Priya Mittal Sonam Mishra Anshul Sharma Sarita Bansal

What are

Exports are the goods and services that are made in one country and transmitted to others. It doesn't matter what the good or service is or how it is sent. It can be shipped, sent by email, or hand-carried in personal luggage on a plane. Eg - If it is produced in India and sold to a foreign country, it is an export. What Are Exports (X)

Items exported from India:Milk products, wheat, rice, coffee, tea, spices, cumin seed, tamarind powder, sesame seed, sugar, henna, herbal extract, medicines, fertilizers, chemicals, salt, iron ores, minerals, books etc.!!

Major items exported from India The various commodities that India exports are:

Petroleum products

Machinery

Iron and steel

Chemicals

Vehicles

Apparel India Trade: Exports

Indian trade was impacted by the global recession of 2007- 2009 . Indian exports fell from $200.9 billion in 2008 to $165 billion in 2009.

India ranked 22nd in the world in terms of exports volume. Being a country with a huge workforce, India has seen its trade being boosted by the production of precious stones and metals.

Indias main export partners are:

UAE

US

China

Singapore

Exports

Exports recorded a growth of 21.30 per cent during Apr-Mar 2011-12.

The Government has set an export target of US $360 billion for 2012-13.

The merchandise exports have reached US $265.95 billion in 2012-13 (Apr.-Feb.).

Export target and achievement from 2004-05 to 2011-12 and 2012-13 (Apr.-Feb.) Major Sources Of Indias ExportsImports are the goods and services that are bought by residents of a country, but made outside of the country. It doesn't matter what the goods or services are, or how they are sent. They can be shipped, sent by email, or even hand-carried in personal luggage on a plane. If they are produced in a foreign country and sold to domestic residents, they are imports.

What Are Imports(M

Imports items of India Fertilizers, Edible Oil, Sugar, Pulp and waste paper, metal scrap, Iron and Steel, and petroleum products, Pearls, Precious and Semi-Precious stones, Machinery, Project Goods, Pulses, Coal and its derivatives, etc.!

India Trade: Imports

The Indian economy is headed towards becoming a developed economy and all its sectors are in need of machinery and energy. Therefore, Indian imports are dominated by crude oil and machines. Other imported commodities are:

Precious stones

Fertilizer

Iron and steel

Gold & Silver

Electronic Goods

Machinery other than Electrical

Organic & Inorganic Chemicals

Metalliferous Ores & Products

Coal

Transport Equipment

In 2009, total imports amounted to $253.9 billion, down from the 2008 figure of $322.3 billion. India ranked fifteenth in the world in terms of import volume.

Major Importing Partners of IndiaChina 11.1%. Saudi Arabia 7.5% USA 6.6% UAE 5.1%Iran 4.2%Singapore 4.2% Germany 4.2%.

14Major Sources Of Indias Imports

HIGHLIGHTS IN 2013 Exports declined in the first six months of 2013 due to sluggish global demands.

A sharp depreciation in the value of the rupee led to turnaround in India's exports from July.

Imports declined due to a sharp drop in gold demands. Trade deficit narrowed on the back of lower imports and healthy export.

Exports rose by 6.27 per cent to $203.98 billion in the April-November period.

Imports declined by 5.39 per cent to $303.89 billion first eight months of 2013-14.

Trade deficit narrowed to $99.9 billion in the April-November period from $129.2 billion in the corresponding period of last year.

Lower trade deficit helped curb current account deficit.

Balance of trade may be defined as difference between monetary value of exports and imports of output in an economy over certain period. A positive balance is knows as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as trade deficit or, informally, a trade gap. The balance of trade is something divided into a goods and a service balance.

Balance of PaymentsBalance of payment is flow of cash between domestic country and all other foreign countries.

It Includes:

Trade in goodsTrade in servicesIncome flowsTransfer of funds and sale of assets and liabilities

Share of Top Five Commodities In India`s Exports

Top Export Items

Share of Top Five Commodities In India`s Imports

Top Import Items

Direction of Indias Foreign Trade

IMPORTANCE OF IMPORTs AND EXPORTsIndian economy has seen a paradigm shift in the past decades as the focus has shifted from agricultural sector to Export-Import. Now a days, thereare many companies that are engaged in an exchange of varied goods ranging from heavy machinery, precious metals, agro-products, garments to electronic goods and so on..

CASE STUDY Onion Exports

India is a traditional exporter of fresh onion. Immediately after independence the country was exporting over 5000 tones of onion per annum. Exports of onion started expanding rapidly during the sixties and reached a peak level of 427 thousand tones in 1996-97. Over the years there has been a progressive increase in the exports of onion from India. Exports have been allowed only after domestic requirements have been met which may be a cause of the fluctuations in exports from year to year. In terms of dollars, the decline in the unit value after 1990 may be attributed to the devaluation of the rupee.ContdThe export market mix for onions changes from year to year, but Indias onion exports cater mainly to the neighboring South East Asian countries and some Middle East nations. Malaysia, UAE, Sri Lanka, Bangladesh, Singapore and Saudi Arabia account for the major share of exports from India. India grows three types of onions red, white and yellow. The bulk of the countrys exports are of the red variety. Generally only A grade onions are exported. Occasionally B grade onions are also exported but the market for such onion is only Dubai.

Conclusion and RecommendationThe exports of onions from India have been a success story. Large scale facilities like storage and grading facilities and packaging of onions by the exporting agencies help in quick handling of export consignments.The European Union and other developed countries import large quantities of onion and India should quickly try to penetrate these markets. This will require the production of onions possessing the traits desired by consumers in these potential markets but the Indian research system is well equipped to develop such varieties.

Referenceshttp://commerce.nic.in/publications/anualreport_ chapter3-2012-13.asp#a1 ( 29th March 2014) Article- TOI Exports up 13%, trade deficit narrows (29th March 2014) http://www.studymode.com/essays/Trends-In-Import-And-Export-579149.html ( 29th March 2014) http://rtn.asia/365/1343_indias-imports-exports-decline-june-trade-gap-narrows ( 29th March 2014) www.indian councilofagriculturalresearhnewdelhi.nic.in(21st April 2014)

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