INDIA’S EXPORTS TO LATIN AMERICA
India’s exports to the Latin
American countries have grown at a rapid pace during the last decade.
The percentage share of India’s exports to this region has also shown an
increasing trend. India’s exports to the region have increased by nearly
6 times in 10 years (1996-97 to 2005-06). The %age share of India’s
exports to Latin America in its global exports has increased from 1.43%
in 1996-97 to 2.88 % in 2005-06. The growth of our exports and the share
of exports to the region in India’s global exports during the last 10
years are as follows:
(Values
in US$ million)
|
YEAR |
EXPORTs
tO lac |
% Growth |
TOTAL
EXPORTS
|
Share |
|
1996-1997 |
478.74 |
30.07 |
33469.76 |
1.43 |
|
1997-1998 |
699.83 |
46.18 |
35007.85 |
2.00 |
|
1998-1999 |
611.31 |
-12.65 |
33218.39 |
1.84 |
|
1999-2000 |
652.46 |
6.73 |
36714.81 |
1.77 |
|
2000-2001 |
978.42 |
49.96 |
44075.54 |
2.21 |
|
2001-2002 |
1455.7 1 |
48.78 |
44061.30 |
3.34 |
|
2002-2003 |
1636.36 |
12.41 |
52234.40 |
3.13 |
|
2003-2004 |
1777.13 |
8.6 |
63454.56 |
2.80 |
|
2004-2005 |
2160.71 |
21.58 |
83535.94 |
2.59 |
|
2005-2006 |
2956.01 |
36.81 |
102725.10 |
2.88 |
Despite the high export growth rates and increasing share of the region
in India’s total exports, India’s exports constitute a minuscule part of
the total imports of the region. While the global imports of the Latin
American region are US$ 526 billion in 2005, India’s exports had a share
of just about 0.5% in the imports of the region.
