Analysis of Exports and Imports in India

Members Amit Verma Ashwini Suryavanshi Manjula Amin Sukesh Nagarkar Gurpreet Ghuman Vidhisha Singh Chetan Satyajeet

Submitted to Prof Deepali Garge

 What are Exports???

What are imports???

Major products exported and imported in India

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.
(Figures in US$ billion) DEPARTMENT OF COMMERCE ECONOMIC DIVISION EXPORTS & IMPORTS November EXPORTS (including re-exports) 2010-2011 2011-2012 % Growth 2011-2012/ 2010-2011 IMPORTS 2010-2011 2011-2012 % Growth 2011-2012/ 2010-2011 TRADE BALANCE 2010-2011 2011-2012 - 7.35 - 13.60 - 93.00 - 116.84 28.84 35.92 237.66 309.53 21.49 22.32 3.87 144.66 192.69 33.21 April-November

24.55

30.24

Source:Ministry of Commerce and Industry,Government of India

Data for 2002-2012

 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, leather manufactures and services. Indias main export partners are European Union, United States, United Arab Emirates and China.

Source: tradingeconomics.com

Data for 2002 -2012

 India imports were worth 40108 Million USD in January of 2012. India is poor in oil resources and is currently heavily dependent 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.

Source: tradingeconomics.com

Performance of Exports, Imports and Balance of Trade

Value in Rs. Crores
S. No Year Exports %Growth Imports %Growth Trade Balance

1. 2.

2004-2005 2005-2006

375,340 456,418

27.94 21.60

501,065 660,409

39.53 31.80

-125,725 -203,991

3.
4. 5. 6. 7. 8.

2006-2007
2007-2008 2008-2009 2009-2010 2009-10 (Apr-Dec) 2010-11 (Apr-Dec)

571,779
655,864 840,755 845,534 608,882 751,633

25.28
14.71 28.19 0.57

840,506
1,012,312 1,374,436 1,363,736 991,605

27.27
20.44 35.77 -0.78

-268,727
-356,448 -533,680 -518,202 -382,723

23.44

1,126,513

13.61

-374,880

Data Source: DGCI&S

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

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

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

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

Source : DGCI&S

Source : DGCI&S

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 senior government official said. This presently stood at 10 per cent and was expected to jump to 70 per cent in the next 2-3years, the official said. At present, Indias exim trade stands at $500 billion, of which exports stand at $200 billion and imports at $300 billion. In the next two-three-years, India will collaborate with a number of countries like Switzerland, 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) and Korea 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 hot destination for emerging economies for exports, he said.

It was essential that negotiations covered those areas, particularly IT, film and education sectors. Source: business standard