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Annual Report 2008-2009
Trends In India's Foreign Trade

The Foreign Trade Policy (FTP) 2004-09 with clearly enunciated objectives & strategies and initiatives taken by the Government from time to time have been instrumental in putting exports on a higher growth trajectory. With merchandise exports growing at an average rate of more than 25 percent per annum during 2004-08 period, India has improved its rank in world merchandise exports from 30 in 2004 to 26 in 2008. During this period, the imports grew at a much higher pace, increasing at an average rate of 32 percent per annum to meet the expanding requirements of a growing economy.

During the last five year period i.e. 2004-2008, Indian exports have done very well in comparison to the performance recorded by some of the major exporting nations both developed as well as emerging markets. In fact, India’s average annual growth rate of merchandise exports at 25.0 percent was the third fastest after Russia (28.5 percent) and China (26.8 percent).

In the face of global slowdown and financial crisis, Indian exports have shown a good measure of resilience during 2008 as the deceleration in the exports growth was less marked in case of India as compared to a sharp decline in exports growth recorded by other leading exporting countries like USA, Germany, Japan, China etc. In fact, India recorded a marginally higher growth rate of 21.8 percent during 2008 as compaared to 21.5 percent during 2007. As compared to this, export growth of China, the fastest growing economy in the world, in 2008 dropped sharply to 17.2 percent as compared to 25.8 percent in 2007 reflecting a greater effect of the global slowdown on its exports. Russia also experienced a higher rate of growth of exports in 2008 at 33.1 percent as compared to 16.7 percent in 2007. However, this is due to high petroleum prices during the first half of 2008 resulting in a higher value of petroleum exports of Russia. The chart below shows a comparative picture of average growth rate of merchandise exports of major countries of the world.

Table: 2.1

India’s Rank in the World Merchandise Trade

Year

Exports

Imports

2004

30

23

2005

29

17

2006

28

17

2007

26

18

2008*

26

17

Source: International Trade Statistics(WTO)

* Sourced from WTO : 2009 Press Release dated 23rd March, 2009

Table: 2.2

Growth Rate of Exports of Selected Countries (2004-2008)

 

Country

2004

2005

2006

2007

2008

Average
(2004-08)

USA

12.9

10.5

14.6

12.2

11.8

12.4

Germany

21.1

6.7

14.2

19.2

10.8

14.4

Japan

19.9

5.2

8.8

10.4

9.5

10.7

China

35.4

28.4

27.2

25.8

17.2

26.8

Singapore

24.2

15.6

18.4

10.1

13.0

16.3

Brazil

32.3

22.6

16.3

16.5

23.2

22.2

Malaysia

20.8

11.4

14.0

9.7

13.2

13.8

Russia

34.8

33.1

24.6

16.7

33.1

28.5

India

30.0

30.0

21.5

21.5

21.8

25.0

World

21.6

13.8

15.5

15.5

15.2

16.3

Source :Calculations based on data sourced from International Trade Statistics (WTO)

CHART 2.1

India's Trade Performance

Exports

India’s merchandise exports reached a level US $ 163.0 billion during the year 2007-08 registering a growth of 29.1 percent over the previous year. During 2007-08 the major drivers of export growth were Engineering Goods (27.4 percent); Petroleum Products (52.0 percent); Chemicals (21.5 percent); Gems & Jewellery (23.3 percent); Agriculture & allied Products (55.6 percent); Ores & Minerals (30.4 percent) and Cotton Raw incl. Waste (63.3 percent). Exports of Gems & Jewellery, Textiles, Handicrafts and Sports Goods, which were badly hit during 2006-07 due to appreciation of Rupee vis-a-vis US $ (since September 2006), showed improvement during 2007-08. The spectacular achievement of export during 2007-08 was accomplished despite economic slow-down in some of our major export destinations and steep appreciation of Rupee. In spite of all these adverse conditions beyond our control, the exporters have risen to the occasion showing great resilience.

 

Box: 2.1

Export Target and Achievement during the last five years

An export target of US $ 200 billion was set for the year 2008-09. As against this, exports reached a level of US $ 168.7 billion during the year registering a growth of 3.5 percent. The set back was primarily on account of global recession which resulted, as per WTO, in shrinkage of world trade, in volume terms, to 2 percent in 2008 from a growth of 6 percent in 2007.

Despite the recent setback faced by India’s export sector, our merchandise exports recorded a Compound Annual Growth Rate (CAGR) of 21.5 percent during the five year period from 2004-05 to 2008-09. Performance of export during these five year Policy period clearly reflects a significantly higher trend of growth of exports as compared to the preceding five years when the exports increased by a lower CAGR of 14.0 percent.

During 2008-09, India’s exports reached a level of US $ 168.7 billion, registering a growth of 3.5 percent as compared to a growth of 29.1 percent during the previous year. The growth of exports during the year has exhibited a significant slow-down from September 2008 onwards. While, during the first half of the year 2008-09, April-September, exports increased by 31.3 percent with almost all the major commodity groups, except marine products, handicrafts and carpets, recording significant growth. In the second half of the year 2008-09, October-March, exports recorded a decline of (-) 19.2 percent with almost all the major commodity groups recording significant negative growth. In fact, commodities like Engineering Goods, Petroleum Products, Chemicals & related Products, Agriculture & Allied Products and Plantation which recorded overall positive growth during the year as a whole, also recorded negative growth during the second half.

 

Box: 2.2

Impact of Global Slow-down on India’s Exports

Global economy has witnessed one of the most severe downturn following the worsening of financial crisis since September 2008. WTO Press Release 23rd March 2009 has indicated deceleration in the growth of Real Global Output to 1.7 percent in 2008 as compared to 3.5 percent in 2007 and Merchandise Trade, in volume terms, to 2 percent in 2008 as compared to 6 percent in 2007. Similarly, IMF’s World Economic Outlook, April 2009 has also estimated growth in World Output only by 3.2 percent in 2008 (down from 5.2 percent in 2007) and World Trade Volume, both Goods & Services, by 3.3 percent in 2008 (down from 7.2 percent in 2007). 

The global slowdown has affected India’s exports by way of 

 

  • default in payment or delayed realisation for exports resulting in cash flow difficulties for the exporters; 

 

  • difficulty in executing orders in hand owing to lack of additional credit limit;

 

  • difficulty in providing covers for high risk countries/ buyers by Export Credit Guarantee Corporation (ECGC); 

 

  • reluctance of exporters to execute orders for fear of defaults; and 

 

  • Tougher ‘due diligence’ by Banks in extending Pre and Post-shipment credit and insurance cover by ECGC

As per the IMF forecast, while the World Output is likely to fall by (-) 1.3 percent, the World Trade Volume is projected to fall by a significant (-) 11 percent in 2009. With a projected significant fall in non-fuel commodity prices by (-) 27.9 percent, export by emerging and developing economies, is estimated to fall by (-) 6.4 percent. WTO Press Release 23rd March, 2009 has also observed similar trend in the world merchandise trade which has been projected to fall by 9 percent in volume terms in 2009 with Developing Countries’ export shrinking by 2-3 percent. Given these projections, significant policy supports are needed for the export sector to maintain our share in the global trade. 

Imports

Imports, in US $ terms, registered a growth of 35.5 percent during 2007-08 over the previous year. While the import of POL increased by 39.6 percent, the Non-POL import registered a growth of 33.7 percent. The commodities which registered significant growth are POL, Transport Equipment, Machinery, Iron & Steel, Organic Chemicals, Coal, Fertilizer, Artificial Resin, Manufactures of Metals, Machine Tools, Pulses, etc.

During 2008-09, imports reached a level of US $ 287.8 billion registering a growth of 14.4 percent. Oil imports were valued at US $ 93.2 billion, which was higher by 16.9 percent over the previous year. Non-Oil imports increased to US $ 194.6 billion, which was higher by 13.2 percent. Items which registered significant growth are Pearl, Precious & Semi-Precious Stones, Crude & Manufactured Fertilizer, Coal, Inorganic Chemicals, Project Goods, etc. Import of Gold and Transport Equipment registered significant decline.

Trade Balance

Performance of Exports, Imports and Balance of Trade during 2003-04 to 2008-09 is given in the table below: 

Table: 2.3

Export, Imports & Balance of Trade

(Values in Rs. Crore)

Year

Exports

Growth Rate (%)

Imports

Growth Rate (%)

Balance of Trade

2003-2004

293367

15.0

359108

20.8

-65741

2004-2005

375340

27.9

501065

39.5

-125725

2005-2006

456418

21.6

660409

31.8

-203991

2006-2007

571779

25.3

840506

27.3

-268727

2007-2008

655864

14.7

1012312

20.4

-356448

2008-2009(P)

766935

16.9

1305503

29.0

-538568

Values in US $ Billion)

Year

Exports

Growth Rate (%)

Imports

Growth Rate (%)

Balance of Trade

2003-2004

63.8

21.1

78.1

27.3

-14.3

2004-2005

83.5

30.9

111.5

42.7

-28.0

2005-2006

103.1

23.4

149.2

33.8

-46.1

2006-2007

126.3

22.5

185.6

24.4

-59.3

2007-2008

163.0

29.1

251.6

35.5

-88.6

2008-2009(P)

168.7

3.5

287.8

14.4

-119.1

(P): Provisional
Data Source: DGCI&S, Kolkata

Exports by Principal Commodities

Disaggregated data on exports by Principal Commodities, in Rupee terms, available for the period 2008-09 (April–February) as compared with the corresponding period of the previous year are given in Table 2.4. Exports during the period was mainly driven by Engineering Goods, Chemical & related products, Agriculture & allied products, Electronic goods, Plantation and Sports goods. 

The share of top five Principal Commodity Groups in India’s total exports during 2008-09 (April-February) is given at Chart 2.2 below:

The export performance (in terms of growth) of top five commodities during 2008-09 (April-February) vis-a-vis the corresponding period of the previous year is shown at Chart 2.3. 

CHART 2.2

CHART 2.2

Plantation Crops

Export of plantation crops during 2008-09 (April–February), increased by 29.7 per cent in rupee terms compared with the corresponding period of the previous year. Export of Coffee registered a positive growth of 31.3 per cent, the value increasing from Rs. 1496.95 crore to Rs. 1966.11 crore. Export of Tea also increased by 28.4 per cent. 

Agriculture and Allied Products

Agriculture and Allied Products as a group include Cereals, Pulses, Tobacco, Spices, Nuts and Seeds, Oil Meals, Guargum Meals, Castor Oil, Shellac, Sugar & Molasses, Processed Food, Meat & Meat Products, etc. During 2008-09 (April–February), exports of commodities under this group registered a growth of 22.2 per cent with the value of exports rising from Rs. 48,542.30 crore in the previous year to Rs. 59,312.03 crore during the current year.

Ores and Minerals

Exports of Ores and Minerals were estimated at Rs. 32,965.35 crore during 2008-09 (April-February) registering a growth of 3.0 per cent over the same period of the previous year. Sub groups viz. Processed Minerals, and Coal have recorded a growth of, 30.7 per cent and -2.9 per cent respectively. Mica and Processed Minerals have registered significant growth of 61.8 and -4.8 percent respectively.

Leather and Leather Manufactures<

Export of Leather and Leather Manufactures recorded a growth of 16.3 per cent during 2008-09 (April-February). The value of exports increased to Rs. 15,011.43 crore from Rs. 12,908.45 crore during the same period of the previous year. Exports of Leather and Manufactures have registered a growth of 17.5 per cent whereas Leather Footwear registered a growth of 14.8 per cent. 

Gems and Jewellery

The export of Gems and Jewelry during 2008-09 (April-February), increased to Rs. 78,260.37 crore from Rs. 71,868.27 crore during the corresponding period of last year showing a growth of 8.9 per cent. 

Chemicals and Related Products

During the period 2008-09 (April-February), the value of exports of Chemicals and Allied Products increased to Rs. 98,389.29 crore from Rs. 78,795.29 crore during the same period of the previous year registering a growth of 24.9 per cent. Rubber, Glass & Other Products; Residual Chemicals & Allied Products and Basic Chemicals, Pharmaceuticals & Cosmetics and Plastic & Linoleum have registered a positive growth.

Engineering Goods

Items under this group consist of Machinery, Iron & Steel and Other Engineering items. Export from this sector during the period 2008-09 (April-February) stood at Rs. 166,206.40 crore compared with Rs. 119,545.55 crore during the same period of the previous year, registering an overall growth of 39.0 per cent. Export of Machine Tools and Transport Equipments have registered growth of 30.6 and 86.1 per cent respectively.

Electronic Goods & Computer Software in Physical Form

During the period 2008-09 (April-February), exports of Electronic Goods as a group were estimated at Rs. 18,461.51 crore compared with Rs. 12,520.54 crore during the corresponding period of last year, registering a growth of 47.4 per cent. Computer Software in Physical form has shown a growth of 49.8 per cent and the exports of electronics registered a growth of 47.4 per cent. 

Textiles

During the period 2008-09 (April-February), the value of Textiles exports was estimated at Rs. 77,211.03 crore compared with Rs. 66,609.56 crore in the corresponding period of the previous year, recording a growth of 15.9 per cent. The exports of Natural Silk Textiles and Manmade Textiles & Made Ups have shown a positive growth of 12.3 and 18.4 per cent respectively.

Handicrafts and Carpets

Exports of Handicrafts declined to Rs. 1272.93 crore during 2008-09 (April-February), from Rs. 1918.46 crore during the corresponding period of the previous year registering a negative growth of 33.6 per cent. Export of carpets decreased marginally to Rs. 3,301.50 crore from Rs. 3590.88 crore during the same period last year registering a negative growth of 8.1 per cent. 

Project Goods

During 2008-09 (April-February), the export of Project Goods were estimated at Rs. 595.42 crore compared with Rs. 558.86 crore during the corresponding period of last year registering a growth of 6.5 per cent.

Petroleum Products

Export of Petroleum Products increased to Rs. 113270.16 crore during 2008-09 (April-February), as compared with Rs. 97803.47 crore during the same period of last year recording a growth of 15.8 per cent. 

Cotton Raw including Waste

There was a negative growth in the exports of Cotton Raw including waste by 62.0 per cent from Rs 6596.59 crore in 2007-08 (April-February) to Rs. 2,507.18 crore during 2008-09 (April-February). 

Imports by Principal Commodities

Disaggregated data on imports by principal commodities, in Rupee terms, available for the period 2008-09 (April–February), as compared to the corresponding period of the previous year are given in Table 2.5. Imports during the period was mainly driven by commodities such as Petroleum crude & products, Fertilizers manufactured, Pearls Precious and semi-precious stones, Coal, coke & briquettes, inorganic chemicals, vegetable oils, manufactures of metals, project goods etc. 

The share of top five Principal Commodity in India’s total imports during 2008-09 (April-February) is given at Chart 2.4.

The import performance by top five Principal commodities during 2008-09 (April–February) vis-a-vis the corresponding period of the previous year is shown at Chart 2.5.

Fertilizers

During 2008-09 (April-February), import of Fertilizers (manufactured) increased to Rs. 52,992.64 crore from Rs. 17498.95 crore in April-February 2008 recording a growth of 202.8 per cent. 

Petroleum Crude & Products

The import of Petroleum Crude & Products stood at Rs. 393,076.28 crore during April - February, 2009 against Rs. 284,029.31 crore during the same period of the previous year registering a growth of 38.4 per cent.

CHART 2.4

CHART 2.5

Pearls, Precious and Semi-Precious Stones

Import of Pearls and Precious and Semi-Precious Stones during 2008-09 (April-February) increased to Rs. 58,237.02 crore from Rs. 29,181.14 crore during the corresponding period of the previous year registering a growth of 99.6 per cent.

Capital Goods

Import of Capital Goods, largely comprising Machinery, including Transport Equipment and Electrical Machinery recorded a notable increase during 2008-09 (April-February) over the same period of last year. Import of Machine Tools, Non-Electrical Machinery, Electrical Machinery and Transport Equipment registered a growth of 20.3 per cent, 21.1 per cent, 27.5 per cent, and 11.0 per cent respectively. 

Organic and Inorganic Chemicals

During 2008-09 (April-February), import of Organic and Inorganic Chemicals increased to Rs. 51705.33 crore from Rs. 36467.51 crore during the same period of last year, registering a growth of 41.8 per cent. Import of Medicinal and Pharmaceutical Products also increased to Rs. 7,587.94 crore from Rs. 6182.9 crore during the corresponding period of last year registering a growth of 22.7 per cent. 

Direction of India’s Foreign Trade

The value of India’s exports to and imports from major regions/ countries are given in Table 2.6 & 2.7. Share of major destinations of India’s Exports and Imports during 2008-09 (April-February) are given in Chart 2.6 and 2.7 respectively.

Chart 2.6

Chart 2.7

 

During the period 2008-09 (April-February), the share of Asia and ASEAN region comprising South Asia, East Asia, Mid-Eastern and Gulf countries accounted for 51.4 per cent of India’s total exports. The share of Europe and America in India’s exports stood at 23.8 per cent and 16.5 per cent respectively of which EU countries (27) comprises 22.3 per cent. During the period, USA (12.0 per cent), has been the most important country of export destination followed by United Arab Emirates (10.8 per cent), China (5.1 per cent), Singapore (4.7 per cent), Netherland (3.7 per cent), Hong Kong (3.7 per cent), U.K. (3.6 per cent), Germany (3.4 per cent), Saudi Arabia (3.0 per cent), Belgium (2.6 per cent) and Italy (2.2 per cent). 

Asia and ASEAN accounted for 61.7 per cent of India’s total imports during the period followed by Europe (18.7 per cent) and America (10.1 per cent). Among individual countries the share of China stood highest at (10.7 per cent) followed by Saudi Arabia (7.1 per cent), UAE (6.4 per cent) and USA (6.0 per cent), Iran (4.3 per cent), Switzerland (4.2 per cent), Germany (3.6 per cent), Kuwait (3.4 per cent), Nigeria (3.2 per cent), and Iraq (2.8 per cent). 

Import of Sensitive Items during April 08-March 09

The total import of sensitive items for the period April-March 2008-09 has been Rs.45877.3 crores as compared to Rs.35919.3 crores during the corresponding period of last year thereby showing an increase of 27.7 percent. The gross import of all commodities during same period of current year was Rs.1305503 crores as compared to Rs 1012312 crores during the same period of last year. Thus imports of sensitive items constitute 3.5 percent of the gross imports during last year as well as current year. The summary of import of Sensitive items is given in Table 2.8.

Imports of spices and food grains have shown a decline at broad group level during the period. Imports of all other items viz. edible oil, fruits & vegetables (including nuts), automobiles, cotton & silk, products of SSI, rubber, alcoholic beverages, marble & granite, tea & coffee and milk & milk products have shown increase during the period under reference. 

In the edible oil segment, the import has increased from Rs 10942.54 crores last year to Rs 15873.60 crores for the corresponding period of this year. The imports of both crude edible oil as well as refined oil have gone up by 34.4 percent and 120 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, Korea RP, Myanmar, Malaysia, Japan, United States of America, Germany, Brazil, Thailand, Cote D’ Ivoire, Tanzania, Italy, Australia, Czech Republic, Ukraine, Guinea Bissau etc. have gone up while those from Argentina, Canada etc. have shown a decrease.

Table 2.4

Export of Principal Commodities

(Value in Rs. Crore, Growth and Share in Percentage)

Commodity

2006-2007
Apr-Mar

2007-2008
Apr-Mar

2007-2008
(Apr-Feb)

2008-09(P)
(Apr-Feb)

2008-09
Apr-Feb
%Growth

2008-09
Apr-Feb
%Share

 

A)

 

 

PLANTATION

3,938.51

3,906.44

3,347.97

4,342.50

29.71

0.62

 

01)

 

Tea

1,969.51

2,034.17

1,851.02

2,376.39

28.38

0.34

 

02)

 

Coffee

1,969.00

1,872.27

1,496.95

1,966.11

31.34

0.28

B)

 

 

AGRI & ALLIED PRDTS

39,344.68

54,395.81

48,542.30

59,312.03

22.19

8.52

 

01)

 

Cereal

7,670.51

14,753.43

12,886.78

13,416.16

4.11

1.93

 

 

a)

Rice

7,035.91

11,750.86

10,354.24

9,831.82

-5.05

1.41

 

 

b)

Wheat

35.35

0.24

0.23

1.46

525.98

0.00

 

 

c)

Others

599.25

3,002.33

2,532.31

3,582.89

41.49

0.51

 

02)

 

Pulses

773.34

526.41

495.70

462.75

-6.65

0.07

 

03)

 

Tobacco

1,685.16

1,931.89

1,739.29

2,946.57

69.41

0.42

 

 

a)

Unmanufactured

1,251.28

1,432.80

1,285.83

2,381.65

85.22

0.34

 

 

b)

Manufactured

433.89

499.09

453.46

564.92

24.58

0.08

 

04)

 

Spices

3,157.90

4,204.49

4,647.68

5,753.98

23.80

0.83

 

05)

 

Nuts & Seeds

4,311.44

5,021.17

4,362.92

5,244.96

20.22

0.75

 

 

a)

Cashew incl CSNL

2,506.52

2,234.77

1,974.70

2,724.39

37.96

0.39

 

 

b)

Sesame & Niger seed

1,006.45

1,732.32

1,441.14

1,423.95

-1.19

0.20

 

 

c)

Ground nut

798.46

1,054.08

947.08

1,096.63

15.79

0.16

 

06)

 

Oil Meals

5,504.32

8,140.55

6,899.86

9,622.70

39.46

1.38

 

07)

 

Guergum Meal

1,125.79

1,125.75

1,019.58

1,231.40

20.78

0.18

 

08)

 

Castor Oil

1,090.11

1,275.72

1,191.88

1,608.77

34.98

0.23

 

09)

 

Shellac

147.20

123.99

109.17

95.71

-12.33

0.01

 

10)

 

Sugar & Mollasses

3,260.83

5,662.77

4,829.65

4,495.17

-6.93

0.65

 

11)

 

Processed Foods

5,568.77

5,804.40

5,154.22

7,330.94

42.23

1.05

 

 

a)

Fresh Fruits & Vegetables

2,960.51

2,924.47

2,481.64

3,734.35

50.48

0.54

 

 

b)

Fruits/Vgetable seeds

121.59

141.96

126.39

102.16

-19.17

0.01

 

 

c)

Processed & misc processed items

2,486.68

2,737.96

2,546.19

3,494.44

37.24

0.50

 

12)

 

Meat & Preparations

3,314.03

3,749.47

3,396.29

4,903.00

44.36

0.70

 

13)

 

Poultry & Dairy Products

810.91

1,389.77

1,180.23

1,386.19

17.45

0.20

 

14)

 

Flouriculture Products

652.70

340.30

308.20

324.67

5.34

0.05

 

15)

 

Spirit & Beverages

271.67

345.70

320.84

489.06

52.43

0.07

C)

 

 

MARINE PRODUCTS

8,001.04

6,926.67

6,395.78

6,522.44

1.98

0.94

D)

 

 

ORES & MINERALS

31,685.96

36,716.92

31,994.32

32,965.35

3.04

4.73

 

01)

 

Iron ore

17,656.23

23,399.67

19,959.94

19,894.66

-0.33

2.86

 

02)

 

Mica

76.01

87.55

77.28

125.08

61.85

0.02

 

03)

 

Processed Minerals

5,936.01

5,023.20

4,397.51

5,745.66

30.66

0.82

 

04)

 

Other ores & minerals

7,705.06

7,929.68

7,335.17

6,982.03

-4.81

1.00

 

05)

 

Coal

312.65

276.82

224.42

217.92

-2.90

0.03

E)

 

 

LEATHER & MNFRS

13,650.38

14,101.30

12,908.45

15,011.43

16.29

2.16

 

01)

 

Footwear

5,776.09

6,238.42

5,710.70

6,555.47

14.79

0.94

 

02)

 

Leather & mfrs

7,874.28

7,862.88

7,197.75

8,455.95

17.48

1.21

F)

 

 

GEMS & JEWELLERY

72,295.17

79,227.74

71,868.27

78,260.37

8.89

11.24

G)

 

 

SPORTS GOODS

573.54

539.94

481.06

596.08

23.91

0.09

H)

 

 

CHEMICALS & RELATED PRODUCTS

83,357.37

89,971.06

78,795.29

98,389.29

24.87

14.13

 

01)

 

Basic chemls, Pharma & cosmetics

49,588.40

56,104.43

48,942.11

64,013.88

30.80

9.19

 

02)

 

Plastics & Linoleum

14,718.00

13,763.36

11,837.81

12,447.40

5.15

1.79

 

03)

 

Rubber, glass & other products

15,652.15

16,332.81

14,668.67

17,326.42

18.12

2.49

 

04)

 

Residual chemls & allied products

3,398.81

3,770.47

3,346.70

4,601.58

37.50

0.66

I)

 

 

ENGINEERING GOODS

1,19,874.96

1,35,717.06

1,19,545.55

1,66,206.40

39.03

23.86

 

01)

 

Machinery

53,978.97

66,380.46

58,707.28

92,098.88

56.88

13.22

 

 

a)

Machine tools

1,160.40

1,350.27

1,170.33

1,528.61

30.61

0.22

 

 

b)

Machinery & Instruments

30,420.34

36,750.06

32,732.38

44,406.78

35.67

6.38

 

 

c)

Transport equipments

22,398.22

28,280.14

24,804.57

46,163.49

86.11

6.63

 

02)

 

Iron & Steel

23,704.49

21,928.10

18,905.86

24,342.69

28.76

3.50

 

 

a)

Iron & Steel Bar rod etc

3,890.76

5,204.47

4,680.80

4,754.23

1.57

0.68

 

 

b)

Primary & semi-finished iron & steel

19,813.73

16,723.63

14,225.06

19,588.46

37.70

2.81

 

03)

 

Other Engineering Items

42,191.50

47,408.49

41,932.41

49,764.83

18.68

7.15

 

 

a)

Ferro Alloys

1,642.78

4,484.95

3,716.61

6,507.93

75.10

0.93

 

 

b)

Aluminium other than products

1,434.23

1,885.58

1,671.87

2,183.85

30.62

0.31

 

 

c)

Non ferrous metals

15,774.02

12,277.46

10,934.48

8,861.68

-18.96

1.27

 

 

d)

Manufacture of metals

22,992.16

28,389.04

25,274.48

31,737.96

25.57

4.56

 

 

e)

Residual Engineering items

348.31

371.46

334.96

473.42

41.33

0.07

J)

 

 

ELECTRONIC GOODS

13,292.73

14,083.78

12,520.54

18,461.51

47.45

2.65

 

01)

 

Electronics

12,914.31

13,484.44

12,043.01

17,746.30

47.36

2.55

 

02)

 

Computer Software in physical form

378.43

599.34

477.53

715.22

49.77

0.10

K)

 

 

PROJECT GOODS

622.43

584.06

558.86

595.42

6.54

0.09

L)

 

 

TEXTILES

74,391.06

74,378.89

66,609.56

77,211.03

15.92

11.09

 

01)

 

Readymade garments

40,237.24

39,001.01

35,090.21

42,067.41

19.88

6.04

 

02)

 

Cotton, yarn, fabrics, made-ups etc

19,089.39

18,720.59

16,474.94

17,625.68

6.98

2.53

 

03)

 

Manmade textiles & made-ups etc

10,863.39

12,785.02

11,560.43

13,687.48

18.40

1.97

 

04)

 

Natural Silk textiles

1,976.90

1,540.93

1,361.30

1,528.82

12.31

0.22

 

05)

 

Wool & woolen mfrs

385.50

373.58

334.59

421.64

26.02

0.06

 

06)

 

Coir & coir mfrs

660.25

644.87

577.81

609.07

5.41

0.09

 

07)

 

Jute mfrs

1,178.40

1,312.89

1,210.28

1,270.94

5.01

0.18

M)

 

 

HANDICRAFTS

1,981.91

2,046.21

1,918.46

1,272.93

-33.65

0.18

N)

 

 

CARPETS

4,199.09

3,795.53

3,590.88

3,301.50

-8.06

0.47

 

01)

 

Hand-made excl silk

4,066.73

3,723.42

3,520.79

3,251.78

-7.64

0.47

 

02)

 

Mill-made excl silk

 

 

 

 

 

 

 

03)

 

Silk carpets

132.36

72.11

70.09

49.71

-29.08

0.01

O)

 

 

COTTON RAW INCL WASTE

6,107.81

8,865.39

6,596.59

2,507.18

-61.99

0.36

P)

 

 

PETROLEUM PRODUCTS

84,520.15

1,14,191.68

97,803.47

1,13,270.16

15.81

16.26

Q)

 

 

UNCLASSIFIED EXPORTS

13,942.50

16,415.04

14,412.01

18,272.01

26.78

2.62

 

 

 

Total

5,71,779.29

6,55,863.52

5,77,889.37

6,96,497.63

20.52

100.00

Data Source: DGCI&S, Kolkata

(P) Provisional

 

Table 2.5
Import of Principal Commodities

(Value in Rs. Crore, Growth and Share in Percentage)

 

Commodity

2006-2007

2007-2008

2007-2008

2008-09(P)

2008-09

2008-09

 

Apr-Mar

Apr-Mar

(Apr-Feb)

(Apr-Feb)

Apr-Feb
%Growth

Apr-Feb
%Share

       

A)

 

 

BULK IMPORTS

3,80,740.54

4,51,357.82

4,04,457.63

5,73,169.86

41.71

47.83

 

01)

 

Cereals & Preparations

5,995.54

2,839.10

2,828.67

195.55

-93.09

0.02

 

 

a)

Rice

0.41

0.42

0.41

0.54

30.30

0.00

 

 

b)

Wheat

5,850.49

2,657.51

2,657.51

0.02

-100.00

0.00

 

 

c)

Other cereals

11.73

19.34

17.83

42.22

136.82

0.00

 

 

d)

Preparations

132.92

161.83

152.92

152.77

-0.09

0.01

 

02)

 

Fertilizers

14,226.86

21,764.79

20,511.60

60,521.72

195.06

5.05

 

 

a)

Crude

1,634.13

1,881.56

1,768.21

4,566.97

158.28

0.38

 

 

b)

Sulphur & Un-roasted pyrites

494.68

1,457.45

1,244.43

2,962.11

138.03

0.25

 

 

c)

Manufactured

12,098.05

18,425.78

17,498.95

52,992.64

202.83

4.42

 

03)

 

Edible Oil

9,539.90

10,301.09

9,622.96

14,446.45

50.12

1.21

 

04)

 

Sugar

3.49

2.24

5.44

422.75

7,672.31

0.04

 

05)

 

Pulp & waste paper

2,892.67

3,132.45

2,863.84

3,451.09

20.51

0.29

 

06)

 

Paper board & mfrs

5,625.76

6,315.65

5,759.86

5,834.91

1.30

0.49

 

07)

 

Newsprint

2,407.17

2,227.45

1,997.10

3,608.17

80.67

0.30

 

08)

 

Crude rubber

2,854.38

3,163.27

2,856.20

3,799.23

33.02

0.32

 

09)

 

Non-ferrous metals

11,787.15

14,115.58

12,650.85

13,445.87

6.28

1.12

 

10)

 

Metalliferrous ores & products

37,764.47

31,854.36

28,983.40

34,244.52

18.15

2.86

 

11)

 

Iron & Steel

29,071.40

34,987.34

32,348.40

40,123.31

24.03

3.35

 

12)

 

Petroleum crude & products

2,58,571.76

3,20,654.50

2,84,029.31

3,93,076.28

38.39

32.80

B)

 

 

PEARLS, PRECIOUS & SEMI-PRECIOUS STONES

33,880.67

32,114.18

29,181.14

58,237.02

99.57

4.86

C)

 

 

MACHINERY

1,20,952.43

1,81,877.82

1,20,919.97

1,43,948.76

19.04

12.01

 

01)

 

Machine Tools

6,702.79

8,890.22

8,061.93

9,695.69

20.27

0.81

 

02)

 

Machinery other than electrical

62,672.36

79,910.91

71,789.54

86,926.20

21.08

7.25

 

03)

 

Electrical machinery

8,867.96

12,095.62

10,521.19

13,410.60

27.46

1.12

 

04)

 

Transport equipment

42,709.33

80,981.08

30,547.31

33,916.26

11.03

2.83

D)

 

 

PROJECT GOODS

8,126.46

5,207.90

4,489.43

12,884.96

187.01

1.08

E)

 

 

OTHERS

2,96,806.21

3,41,753.97

3,11,350.46

4,10,119.17

31.72

34.22

 

01)

 

Cashew Nuts

1,820.75

1,714.75

1,584.60

2,583.78

63.06

0.22

 

02)

 

Fruits & Nuts

1,913.11

1,858.64

1,715.95

2,168.73

26.39

0.18

 

03)

 

Wool raw

1,078.10

1,089.52

988.11

981.73

-0.65

0.08

 

04)

 

Silk raw

673.37

734.44

685.11

850.03

24.07

0.07

 

05)

 

Synth.®.fibres

439.11

446.08

405.04

577.70

42.63

0.05

 

06)

 

Pulses

3,891.91

5,374.94

4,984.22

5,377.69

7.89

0.45

 

07)

 

Raw Hides & Skins

314.86

348.28

315.14

413.44

31.19

0.03

 

08)

 

Leather

1,307.05

1,358.52

1,271.33

1,546.94

21.68

0.13

 

09)

 

Coal,coke&briquette

20,709.73

25,862.21

23,549.26

42,691.48

81.29

3.56

 

10)

 

Non-metallic mnl.mfrs.

3,529.53

4,217.35

3,828.70

4,917.30

28.43

0.41

 

11)

 

Other crude minerals

1,097.22

1,277.37

1,149.33

1,797.30

56.38

0.15

 

12)

 

Organic&Inorganic chmls.

35,433.38

39,882.62

36,467.51

51,705.33

41.78

4.31

 

13)

 

Dyeing,tanning matrl.

2,695.13

2,999.63

2,725.42

3,367.58

23.56

0.28

 

14)

 

Medicinal&Pharma.prds.

5,866.37

6,734.31

6,182.94

7,587.94

22.72

0.63

 

15)

 

Artf.resins, etc. 

11,696.23

14,839.34

13,528.74

15,736.24

16.32

1.31

 

16)

 

Chemical products  

5,980.09

6,544.28

5,822.45

8,215.54

41.10

0.69

 

17)

 

OtherTextile yarn,fabrics,etc  

4,077.28

4,231.45

3,893.57

4,461.36

14.58

0.37

 

18)

 

Manufactures of metals   

7,256.32

10,720.93

9,706.42

13,458.26

38.65

1.12

 

19)

 

Profl. instruments, etc.

10,593.12

12,349.22

14,030.79

16,851.78

20.11

1.41

 

20)

 

Electronic goods 

72,274.99

83,137.90

73,803.66

88,827.85

20.36

7.41

 

21)

 

Wood and wood products  

4,684.35

5,456.27

4,910.50

5,590.25

13.84

0.47

 

22)

 

Gold & Silver 

66,272.34

71,933.54

65,925.62

82,060.18

24.47

6.85

 

23)

 

Tea

127.06

130.95

120.33

183.85

52.79

0.02

 

24)

 

Wollen Yarn and Fabrics

144.64

190.07

182.14

158.74

-12.84

0.01

 

25)

 

Cotton yarn and fabrics

1,441.57

1,283.74

1,190.32

1,064.14

-10.60

0.09

 

26)

 

Man made f’mnt spun yarn

2,513.34

2,574.05

2,362.84

2,699.71

14.26

0.23

 

27)

 

Made up textile articles

322.67

397.37

367.56

640.32

74.21

0.05

 

28)

 

Ready made garments(wov.)

333.92

454.57

405.34

562.33

38.73

0.05

 

29)

 

Silk yarn and fabrics

900.49

833.10

791.19

742.34

-6.17

0.06

 

30)

 

Milk & Cream

28.90

29.66

26.10

34.29

31.37

0.00

 

31)

 

Spices

738.90

941.36

869.03

952.13

9.56

0.08

 

32)

 

Oil seeds

104.47

149.46

140.68

122.04

-13.25

0.01

 

33)

 

Jute raw

115.21

148.01

141.82

53.15

-62.53

0.00

 

34)

 

Woollen & Cotton rags

153.50

96.03

89.86

85.68

-4.65

0.01

 

35)

 

Veg. & animal fats

11.19

12.48

11.22

10.97

-2.15

0.00

 

36)

 

Cottow raw and waste

663.07

912.14

768.99

1,641.74

113.49

0.14

 

37)

 

Essential oils & Cos.prep

801.85

901.24

801.50

1,043.44

30.19

0.09

 

38)

 

Cement

65.40

218.16

177.19

311.50

75.80

0.03

 

39)

 

Computer Soft.physical form

4,375.71

4,264.78

3,148.10

5,050.51

60.43

0.42

 

40)

 

Other Commodities

20,359.99

25,105.23

22,281.83

32,993.84

48.08

2.75

 

 

 

Total

8,40,506.31

10,12,311.70

8,70,398.64

11,98,359.76

37.68

100.00

Data Source: DGCI&S, Kolkotta

(P) Provisional

 

Table 2.6

Export by Principal Regions and Countries

Region/Countries

2006-2007

2007-2008

2007-2008

2008-09(P)

2008-09

2008-09

Apr-Mar

Apr-Mar

(Apr-Feb)

(Apr-Feb)

Apr-Feb

Apr-Feb

 

 

 

 

%Growth

%Share

1)  Europe

1,30,638.73

1,49,925.35

1,33,150.81

1,65,924.89

24.61

23.82

1.1 EU Countries (27)

1,21,295.55

1,38,859.80

1,23,219.12

1,55,266.29

26.01

22.29

1)  U K

25,421.29

26,967.48

24,092.35

25,334.09

5.15

3.64

2)  NETHERLAND

12,082.48

21,038.46

18,263.57

26,074.05

42.77

3.74

3)  GERMANY

18,007.23

20,598.93

18,388.09

24,052.29

30.80

3.45

4)  BELGIUM

15,721.70

16,943.10

15,000.65

18,129.14

20.86

2.60

5)  ITALY

16,212.43

15,748.13

14,183.06

15,507.71

9.34

2.23

6)  FRANCE

9,506.01

10,454.15

9,275.96

12,015.85

29.54

1.73

7)  SPAIN

8,496.93

9,225.05

8,124.59

10,345.74

27.34

1.49

8)  SWEDEN

1,752.93

2,188.18

1,983.48

2,255.66

13.72

0.32

9)  GREECE

3,043.06

2,136.60

1,714.82

3,780.49

120.46

0.54

10) DENMARK

2,071.61

1,996.51

1,806.23

2,370.09

31.22

0.34

11) PORTUGAL

1,657.22

1,991.56

1,806.43

1,855.79

2.73

0.27

12) POLAND

1,385.83

1,799.61

1,606.90

2,054.84

27.88

0.30

13) IRELAND

1,021.84

1,264.15

1,142.98

1,714.65

50.02

0.25

14) ROMANIA

766.37

1,059.96

918.65

1,322.44

43.96

0.19

15) FINLAND

879.24

964.19

863.86

1,065.59

23.35

0.15

16) HUNGARY

468.46

924.66

833.61

1,242.39

49.04

0.18

17) AUSTRIA

597.06

737.25

663.66

2,145.08

223.22

0.31

18) CZECH REPUBLIC

463.36

725.81

674.68

753.20

11.64

0.11

19) SLOVENIA

401.93

480.81

416.79

663.26

59.13

0.10

20) BULGARIA

181.93

286.91

265.64

306.92

15.54

0.04

21) ESTONIA

127.11

280.90

258.73

210.97

-18.46

0.03

22) LATVIA

180.11

239.21

219.80

194.41

-11.55

0.03

23) LITHUANIA

183.62

237.79

213.36

252.89

18.53

0.04

24) CYPRUS

151.09

192.79

158.96

1,124.13

607.16

0.16

25) SLOVAK REP

163.07

192.06

175.81

151.14

-14.03

0.02

26) MALTA

274.13

138.62

122.14

297.40

143.49

0.04

27) LUXEMBOURG

77.49

46.94

44.33

46.08

3.94

0.01

1.2 Other WE Countries

8,978.95

10,638.53

9,552.69

10,122.79

5.97

1.45

1) TURKEY

5,983.12

7,043.39

6,368.78

5,861.52

-7.96

0.84

2) SWITZERLAND

2,110.96

2,475.94

2,130.56

2,731.61

28.21

0.39

3) NORWAY

829.72

1,063.08

1,001.12

1,459.01

45.74

0.21

4) ICELAND

52.00

55.41

51.55

50.02

-2.95

0.01

5) LIECHTENSTEIN

3.15

0.71

0.68

20.63

2917.08

0.00

1.3 East Europe

364.23

427.02

379.00

535.82

41.38

0.08

1) CROATIA

247.48

291.56

253.60

357.09

40.81

0.05

2) UNION OF SERBIA & MONTENEGRO

54.29

53.72

48.68

57.72

18.55

0.01

3) MACEDONIA

25.79

33.46

32.09

44.65

39.11

0.01

4) ALBANIA

20.21

28.04

25.37

52.28

106.10

0.01

5) BOSNIA-HRZGOVIN

16.47

20.24

19.25

24.08

25.07

0.00

2)  Africa

38,061.80

46,463.41

41,969.10

45,655.61

8.78

6.56

2.1 Southern Africa

12,753.66

14,523.88

13,058.13

12,392.85

-5.09

1.78

1) SOUTH AFRICA

10,165.28

10,698.76

9,494.79

7,866.93

-17.14

1.13

2) MOZAMBIQUE

867.54

1,794.89

1,726.04

1,713.19

-0.74

0.25

3) ANGOLA

907.18

1,060.28

974.50

1,442.23

48.00

0.21

4) ZAMBIA

490.38

532.25

494.46

411.14

-16.85

0.06

5) NAMIBIA

83.64

165.19

132.66

382.74

188.51

0.05

6) ZIMBABWE

144.45

128.41

114.50

263.59

130.20

0.04

7) BOTSWANA

49.16

68.14

60.67

106.32

75.26

0.02

8) SWAZILAND

21.34

41.65

31.34

59.21

88.92

0.01

9) LESOTHO

24.70

34.32

29.17

147.51

405.67

0.02

2.2 West Africa

11,056.21

13,990.29

12,850.72

13,203.74

2.75

1.90

1) NIGERIA

4,088.22

4,361.62

3,930.29

5,637.60

43.44

0.81

2) GHANA

2,086.34

3,249.62

3,099.64

2,238.36

-27.79

0.32

3) BENIN

685.55

1,108.43

914.45

874.52

-4.37

0.13

4) COTE D’ IVOIRE

640.99

1,041.43

980.77

386.93

-60.55

0.06

5) TOGO

551.47

923.33

863.65

595.79

-31.01

0.09

6) SENEGAL

688.95

796.90

754.36

610.52

-19.07

0.09

7) CONGO P REP

616.57

608.03

550.76

860.00

56.15

0.12

8) GUINEA

362.24

525.46

490.89

318.24

-35.17

0.05

9)  CAMEROON

375.55

292.32

273.08

386.52

41.54

0.06

10) NIGER

64.82

191.04

182.09

109.72

-39.74

0.02

11) BURKINA FASO

67.86

130.06

113.59

206.11

81.45

0.03

12) MALI

288.91

129.83

120.08

149.08

24.16

0.02

13) GAMBIA

124.60

121.85

110.62

119.13

7.70

0.02

14) SIERRA LEONE

94.04

121.22

111.77

176.23

57.67

0.03

15) MAURITANIA

98.27

115.89

106.31

140.55

32.21

0.02

16) GABON

75.31

104.05

93.62

87.00

-7.07

0.01

17) LIBERIA

109.17

92.42

82.82

108.58

31.09

0.02

18) EQUTL GUINEA

21.52

44.45

41.74

28.21

-32.43

0.00

19) GUINEA BISSAU

3.08

17.97

17.10

163.86

858.07

0.02

20) ST HELENA

7.50

6.54

6.54

0.86

-86.90

0.00

21) SAO TOME

3.93

5.97

4.81

4.38

-8.95

0.00

22) CAPE VERDE IS

0.96

1.70

1.56

1.57

0.55

0.00

23) CANARY IS

0.36

0.17

0.17

 

 

 

2.3 Central Africa

920.70

1,036.23

933.98

1,371.64

46.86

0.20

1) UGANDA

486.10

618.58

560.47

774.61

38.21

0.11

2) MALAWI

192.77

258.48

226.79

346.44

52.76

0.05

3) CHAD

127.40

52.68

48.45

66.62

37.50

0.01

4) RWANDA

62.19

52.00

48.07

94.85

97.30

0.01

5) BURUNDI

35.86

32.38

29.51

57.70

95.53

0.01

6) CONGO D. REP.

5.46

16.86

15.46

20.56

32.98

0.00

7) C AFRI REP

10.91

5.25

5.22

10.87

108.17

0.00

2.4  East Africa

13,331.24

16,913.01

15,126.27

18,687.38

23.54

2.68

1) KENYA

5,952.55

6,356.09

5,453.03

5,570.61

2.16

0.80

2) MAURITIUS

3,332.76

4,372.46

4,090.82

4,147.35

1.38

0.60

3) TANZANIA REP

1,306.94

2,364.55

2,077.68

4,525.93

117.84

0.65

4) DJIBOUTI

1,392.08

1,842.76

1,721.36

1,473.78

-14.38

0.21

5) ETHIOPIA

523.84

795.80

705.51

968.69

37.30

0.14

6) SOMALIA

389.42

488.93

429.50

297.31

-30.78

0.04

7) SEYCHELLES

58.44

288.89

280.20

403.69

44.08

0.06

8) MADAGASCAR

206.50

230.13

209.33

1,090.07

420.74

0.16

9) REUNION

98.39

134.22

121.53

153.96

26.68

0.02

10) COMOROS

70.31

39.18

37.31

55.99

50.08

0.01

3)  America

1,09,705.54

1,11,260.64

98,899.90

1,14,965.76

16.24

16.51

3.1 North America

90,392.99

88,482.07

79,880.45

89,475.64

12.01

12.85

1) U S A

85,368.49

83,388.07

75,298.87

83,803.13

11.29

12.03

2) CANADA

5,024.50

5,094.01

4,581.58

5,672.50

23.81

0.81

3.2 Latin America

19,312.55

22,778.57

19,019.45

25,490.12

34.02

3.66

1)  BRAZIL

6,576.77

10,131.78

8,573.41

11,253.84

31.26

1.62

2)  COLOMBIA

2,609.23

3,049.08

2,196.36

1,564.45

-28.77

0.22

3)  MEXICO

2,424.38

2,382.05

2,153.34

2,678.67

24.40

0.38

4)  ARGENTINA

957.99

1,165.69

1,070.76

1,502.87

40.36

0.22

5)  PERU

568.37

1,154.87

997.80

1,327.95

33.09

0.19

6)  CHILE

1,698.26

1,004.44

891.46

1,656.41

85.81

0.24

7)  VENEZUELA

572.35

577.82

546.94

706.23

29.12

0.10

8)  TRINIDAD

489.04

547.64

159.47

1,174.28

636.37

0.17

9)  HONDURAS

512.04

383.22

353.96

278.34

-21.37

0.04

10) GUATEMALA

335.02

300.41

265.21

342.53

29.15

0.05

11) PANAMA REPUBLIC

745.25

275.43

245.93

391.45

59.17

0.06

12) ECUADOR

236.53

222.93

199.97

376.60