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India’s Foreign Trade : 2010-11 (April-May)

India’s Foreign Trade : 2010-11 (April-May)*

This article reviews India’s merchandise trade performance during 2010-11 (April- May) on the basis of data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S); disaggregated commodity-wise details for the period April-December 2009 are also analysed.

Highlights

• India’s merchandise exports during May 2010 at US$ 16.1 billion recorded a growth of 31.1 per cent as compared with a decline of 34.1 per cent registered in May 2009. This is the eighth successive month that exports have shown a positive growth since October 2009.

• During April-May 2010 exports stood at US$ 33.0 billion, posting an increase of 33.2 per cent as against a decline of 33.3 per cent during April-May 2009.

• India’s merchandise imports during May 2010 at US$ 27.4 billion showed a growth of 37.1 per cent as against a decline of 32.0 per cent recorded in May 2009. This was due to growth in both petroleum, oil and lubricants (POL) and non-POL imports. The rise in POL imports is sharper than that of non-POL imports. This is the seventh successive month that imports have registered a positive growth.

• During April-May 2010, imports at US$ 54.7 billion registered a rise of 39.5 per cent (34.3 per cent decline a year ago).

• POL imports at US$ 16.9 billion during April-May 2010 showed a high growth of 68.5 per cent, as against a decline of 48.3 per cent a year ago, primarily due to increase in international crude oil prices over the period. The average price of Indian basket of crude oil during April- May 2010 stood at US$ 80.1 per barrel (ranging between US$ 76.1–84.1 per barrel), which was higher by 48.2 per cent than US$ 54.1 per barrel (ranging between US$ 50.1–58.0 per barrel) during April-May 2009.

• Non-POL imports during April-May 2010 at US$ 37.8 billion recorded a growth of 29.6 per cent as against a decline of 27.6 per cent in April-May 2009.

• Trade deficit during April-May 2010 amounted to US$ 21.7 billion, which was higher by US$ 7.3 billion (50.3 per cent) than US$ 14.4 billion during April-May 2009 due to relatively larger increase in imports than exports during the period.

• The disaggregated data on commoditywise merchandise trade as well as source and direction of exports and imports reveal that trade of all major commodity groups and with major trading partners registered a decline during April- December 2009 over the corresponding period of previous year.

India’s Merchandise Trade during 2010-11 (April-May)

Exports

India’s merchandise exports during May 2010 at US$ 16.1 billion recorded a growth of 31.1 per cent as compared with a decline of 34.1 per cent registered in May 2009 (Statement 1). This is the eighth successive month that exports have shown a positive growth after declining for a year since October 2008 (Chart 1). However, still the exports have not reached the 2008-09 levels as the exports value in May 2010 is lower than the exports value of US$ 18.7 billion recorded during May 2008.

Cumulatively, exports during April-May 2010 stood at US$ 33.0 billion, posting an increase of 33.2 per cent as against a decline of 33.3 per cent during April-May 2009 (Table 1 and Statement 2).

The commodity-wise exports data released by DGCI&S for April-December 2009 revealed that manufactured goods maintained the largest share at 64.9 per cent, followed by petroleum products (15.5 per cent) and primary products (13.9 per cent). Moreover, the share of primary products has increased while those of manufactured goods and petroleum products have witnessed a decline (Table 2).


Table 1 : India's Merchandise Trade : April-May

(US$ billion)

Items

2009-10 R

2010-11 P

April-May

1

2

3

Exports

 

 24.8

 

33.0

 

 

(-33.3)

 

(33.2)

Oil Exports

3.0

 

..

 

 

 (-45.9)

 

 

 

Non-oil Exports

 21.8

 

..

 

 

 (-31.0)

 

 

 

Imports

 

 39.2

 

54.7

 

 

(-34.3)

 

(39.5)

Oil Imports

 10.0

 

16.9

 

 

(-48.3)

 

(68.5)

 

Non-oil Imports

 29.2

 

37.8

 

 

(-27.6)

 

 (29.6)

 

Trade Balance

 

-14.4

 

-21.7

Oil Trade Balance

-7.0

 

 ..

 

Non-oil Trade Balance

-7.4

 

..

 

R: Revised. P: Provisional. .. Not available.

Note: Figures in parentheses show percentage change over the corresponding period of the previous year.

Source: Compiled from Ministry of Commerce and Industry and DGCI&S data.

During April-December 2009, exports of all major commodity groups declined (Statement 3). While, the decline was evident across all major commodity groups, engineering goods registered the sharpest decline of about 25 per cent followed by petroleum products (-17.6 per cent), agricultural and allied products (-15.5 per cent) and gems and jewellery (-13.2 per cent). However, the sectors which were recovering, though still in the negative zone, consisted of ores and minerals and textiles.

The significant decline in oil exports was mainly on account of fall in world oil prices (Chart 3). Otherwise, the volume of these exports grew by 19.5 per cent during the period as compared with a decline of 7.1 per cent during April-December 2008.

Table 2 : India's Exports of Principal Commodities

(Percentage Shares)

Commodity Group

2007-08

2008-09

2008-09

2009-10

April-March

April-December

1

2

3

4

5

I.

 Primary Products

16.9

13.7

13.3

13.9

 

 Agriculture and Allied Products

11.3

9.5

9.4

9.4

 

Ores and Minerals

5.6

4.2

3.9

4.5

II.

 Manufactured Goods

63.2

66.5

65.9

64.9

 

 Leather and Manufactures

2.2

1.9

1.9

1.9

 

 Chemicals and Related Products

13.0

12.3

12.3

12.9

 

 Engineering Goods

22.9

25.5

25.3

22.5

 

Textiles and Textile Products

11.9

10.8

10.2

11.1

 

 Gems and Jewellery

12.1

15.1

15.2

15.6

III.

 Petroleum Products

17.4

14.5

15.9

15.5

IV.

 Others

2.5

5.3

4.9

5.7

 

 Total Exports

100.0

100.0

100.0

100.0

Source: Compiled from DGCI&S data.

As per the data available for exports of commodities destined for different countries, it can be highlighted that the fall in exports of agriculture and allied products was brought about mainly by the fall in exports of these products to the US, the UAE, Bangladesh and Japan, which together constituted around 24 per cent of India’s agriculture and allied products exports. Similarly, the decline in chemicals exports was mainly on account of decline of these exports to Germany, Brazil and the UAE. The decline in gems and jewellery exports was mainly attributable to the decline of these exports to the UK, the US and Belgium, which together constituted around one-fourth of India’s gems and jewellery exports. The overall decline in exports of engineering goods, which accounted for almost onefourth of India’s total exports, was caused mainly by fall in exports of manufactures of metals, iron and steel and machinery and instruments. Much of the contraction in these exports was attributable to the decline of these exports to the UAE, the US and Singapore that together constituted about 24 per cent of India’s engineering goods exports. The overall contraction in textiles exports was largely attributable to fall in exports of cotton yarn, fabrics, made-ups, etc. and natural silk yarn fabrics made-up, etc.

Destination-wise, during April-December 2009, developing countries and OECD countries, respectively, accounted for 38.3 per cent and 36.3 per cent of India’s total exports (Table 3). Another major contributor was OPEC with the share of 21.3 per cent. During April- December 2009, the share of developing countries increased while those of OECD and OPEC declined. Country-wise, the UAE, with a share of 13.0 per cent, was the largest destination for India’s exports in April- December 2009, followed by the US, China, Hong Kong, Singapore and the Netherlands. These six countries together accounted for 42.2 per cent of India’s total exports. Direction of India’s exports during April-December 2009 indicated that exports to all major markets, such as the EU, OPEC and developing countries declined (Statement 4).

Table 3 : India’s Exports to Principal Regions

(Percentage Shares)

Region/Country

2007-08

2008-09

2008-09

2009-10

April-March

April-December

1

2

3

4

5

I.

 OECD Countries

39.5

36.9

36.6

36.3

 

 EU

21.2

21.0

20.6

20.5

 

 North America

13.5

12.1

12.1

11.6

 

 US

12.7

11.3

11.4

11.0

 

 Asia and Oceania

3.2

2.5

2.5

2.9

 

 Other OECD Countries

1.6

1.4

1.4

1.3

II.

 OPEC

16.6

21.0

21.7

21.3

III.

 Eastern Europe

1.1

1.1

1.1

1.0

IV.

 Developing Countries

42.5

37.0

37.0

38.3

 

Asia

31.6

27.7

27.0

28.9

 

SAARC

5.9

4.6

4.6

4.4

 

Other Asian Developing Countries

25.7

23.1

22.4

24.5

 

People’s Republic of China

6.6

5.0

4.5

5.8

 

Africa

7.5

6.2

6.5

6.1

 

Latin America

3.4

3.1

3.4

3.3

V.

Others/Unspecified

0.3

4.0

3.6

3.1

 

Total Exports

100.0

100.0

100.0

100.0

Source : Compiled from DGCI&S data.

Imports

India’s merchandise imports during May 2010 at US$ 27.4 billion showed a growth of 37.1 per cent as against a decline of 32.0 per cent recorded in May 2009. This was due to growth in both petroleum, oil and lubricants (POL) and non-POL imports (Statement 1). However, the rise in POL imports is sharper than that of non-POL imports. After a continuous decline for eleven months, imports turned around in November 2009. This is the seventh successive month that imports have registered a positive growth (Chart 1). During April-May 2010, imports at US$ 54.7 billion registered a rise of 39.5 per cent (34.3 per cent decline a year ago) [Table 1 and Statement 2].

POL imports at US$ 16.9 billion during April-May 2010 showed a high growth of 68.5 per cent, as against a decline of 48.3 per cent a year ago, primarily due to the increase in international crude oil prices over the period. The average price of Indian basket of crude oil during April-May 2010 stood at US$ 80.1 per barrel (ranging between US$ 76.1–84.1 per barrel), which was higher by 48.2 per cent than US$ 54.1 per barrel (ranging between US$ 50.1–58.0 per barrel) during April-May 2009 (Table 4). Non-POL imports during April-May 2010 at US$ 37.8 billion recorded a growth of 29.6 per cent as against a decline of 27.6 per cent in April-May 2009.

The commodity-wise imports data for April-December 2009 indicated that POL imports at US$ 59.8 billion showed a decline of 26.3 per cent as against a high growth of 49.0 per cent a year ago, mainly due to reduction in international crude oil prices over the period (Statement 5). The volume of POL imports, however, showed a growth of 9.6 per cent as against a growth of 10.1 per cent during April-December 2008.

Table 4 : Trends in Crude Oil Prices

(US $/barrel)

Period

Dubai

Brent

WTI*

Indian Basket**

1

2

3

4

5

2001-02

21.8

23.2

24.1

22.4

2002-03

25.9

27.6

29.2

26.6

2003-04

26.9

29.0

31.4

27.8

2004-05

36.4

42.2

45.0

39.2

2005-06

53.4

58.0

59.9

55.7

2006-07

60.9

64.4

64.7

62.4

2007-08

77.3

82.4

82.3

79.5

2008-09

82.1

84.7

85.8

82.7

2009-10

69.6

69.8

70.6

69.6

May 2009

57.4

57.9

59.1

58.0

May 2010

76.9

76.3

73.7

76.1

* West Texas Intermediate.

** The composition of Indian basket of crude represents  average of Oman and Dubai for sour grades and Brent  (dated) for sweet grade in the ratio of 63.5:36.5 w.e.f.  April 1, 2009.

Source: International Monetary Fund, International Financial Statistics; World Bank’s Commodity Price Pink Sheet for June 2010; Ministry of Petroleum and Natural Gas, Government of India.

Non-POL imports during April- December 2009 at US$ 139.4 billion witnessed a decline of 19.3 per cent as against a growth of 34.0 per cent during the corresponding period of 2008.

The slowdown in non-POL imports was mainly due to decline in imports of capital goods, pearls, precious and semi-precious stones, gold and silver, fertilisers and nonferrous metals. Within capital goods, the imports of machinery and transport equipments witnessed a larger decline than other components of capital goods. However, imports of bulk consumption goods showed a high growth of 74.7 per cent during the period as against a growth of 6.5 per cent during April-December 2008 (Statement 5). During April-December 2009, the shares of gold and silver and chemicals in total imports went up, while those of petroleum, crude and products, metalliferrous ores, metal scrap, etc., and fertilisers came down (Table 5).

Table 5 : Imports of Principal Commodities

(Percentage Shares)

Commodity/Group

2007-08

2008-09

2008-09

2009-10

April-March

April-December

1

2

3

4

5

1.

Petroleum, Crude and Products

31.7

30.8

32.0

30.0

2.

Capital Goods

27.9

23.6

22.5

22.5

3.

Gold and Silver

7.1

7.2

8.2

9.1

4.

Organic and Inorganic Chemicals

3.9

4.0

4.0

4.4

5.

Coal, Coke and Briquettes, etc.

2.6

3.3

3.3

3.3

6.

Fertilisers

2.2

4.5

4.9

2.8

7.

Metalliferrous Ores, Metal Scrap, etc.

3.1

2.6

2.7

2.5

8.

Iron and Steel

3.5

3.1

3.0

3.0

9.

Pearls, Precious and Semi-Precious Stones

3.2

5.5

5.2

5.2

10.

Others

14.8

15.4

14.2

17.2

Total Imports

100.0

100.0

100.0

100.0

Source : Compiled from DGCI&S data.

Source-wise, during April-December 2009, developing countries had the highest share in India’s total imports (33.3 per cent),followed by OECD countries and OPEC (Table 6). The shares of developing countries and OECD countries increased,while that of OPEC declined during the period. Country-wise, China continued to be the single largest source of imports with the share of 11.3 per cent in total imports, followed by the UAE, Saudi Arabia, the US and Switzerland. These five countries together constituted around 33.6 per cent of India’s imports. Direction of India’s imports during April-December 2009 indicated that imports from all the major regions declined (Statement 6).

Table 6 : Shares of Groups/Countries in India’s Imports

(Percentage Shares)

Region/Country

2007-08

2008-09

2008-09

2009-10

April-March

April-December

1

2

3

4

5

I. OECD Countries

35.4

31.7

31.8

32.7

EU

15.3

13.9

13.6

13.6

France

2.5

1.5

1.4

1.1

Germany

3.9

3.9

3.5

3.7

UK

2.0

1.9

2.0

1.6

North America

9.1

6.9

6.9

6.5

US

8.4

6.1

6.0

5.7

Asia and Oceania

5.8

6.3

6.3

6.9

Other OECD Countries

5.2

4.6

5.2

5.7

II. OPEC

30.7

32.1

33.4

31.3

III. Eastern Europe

1.5

2.2

2.2

2.3

IV. Developing Countries

31.5

31.9

31.3

33.3

 Asia

25.5

25.9

25.3

26.4

SAARC

0.8

0.6

0.6

0.6

Other Asian Developing Countries

24.7

25.3

24.7

25.9

of which:

 

 

 

 

People’s Republic of China

10.8

10.6

10.3

11.3

Africa

3.7

4.1

4.3

4.4

Latin America

2.3

1.9

1.7

2.5

V. Others/Unspecified

0.9

2.1

1.3

0.4

Total Imports

100.0

100.0

100.0

100.0

Source: Compiled from DGCI&S data.

Trade Deficit

Trade deficit during April-May 2010 amounted to US$ 21.7 billion, which was higher by US$ 7.3 billion (50.3 per cent) than US$ 14.4 billion during April-May 2009 due to relatively larger increase in imports than exports during the period (Table 1 and Chart 1).

Trade deficit on oil account during April- December 2009 stood at US$ 40.5 billion, which was lower by US$ 17.1 billion than US$ 57.6 billion a year ago. Trade deficit on non-oil account during this period amounted to US$ 33.8 billion, which was also lower by US$ 14.8 billion than US$ 48.6 billion in April- December 2008.

Global Trade

World merchandise exports after declining for a year witnessed a turnaround in November 2009. According to the latest monthly data available from International Monetary Fund’s (IMF) International Financial Statistics (IFS), since November 2009, the exports of world, emerging and developing economies and advanced economies have been following a continuous rising trend (Chart 2 and Table 7).

Table 7 : Growth in Exports – Global Scenario

(Per cent)

Region/Country

2008

2009

2009

2010

January-December

January-March

1

2

3

4

5

World

 

16.1

 

-21.4

 

-29.3

 

24.7

Advanced Economies

 

10.9

 

-21.2

 

-30.1

 

22.8

US

11.9

 

-18.8

 

-21.6

 

20.5

 

France

10.1

 

-22.2

 

-30.0

 

16.8

 

Germany

9.6

 

-22.3

 

-30.8

 

17.1

 

Japan

12.3

 

-26.1

 

-41.8

 

44.4*

 

Emerging and Developing Economies

 

25.6

 

-21.9

 

-27.9

 

18.0**

Singapore

13.0

 

-20.2

 

-32.7

 

38.3

 

China

17.3

 

-15.9

 

-19.7

 

21.0**

 

India

 29.7

 

-16.5

 

-25.9***

 

35.2***

 

Indonesia

24.4

 

-19.4

 

-29.6

 

43.0

 

Korea

13.6

 

-14.3

 

-25.2

 

36.2

 

Malaysia

19.1

 

-24.9

 

-28.9

 

40.8

 

Thailand

12.9

 

-12.0

 

-23.4

 

34.2

 

* January-Februay 2010 over corresponding period of previous year.

** January 2010 over January 2009. *** January-May over corresponding period of previous year.

Sources: 1. IMF (www.imfstatistics.org).

2. DGCI&S for India.

World Commodity Prices

According to the IMF’s IFS, after following a continuous rising trend for six months since November 2009, the pace of rise in world commodity prices has slowed down to 24.6 per cent in May 2010. During this month, the prices of metals and energy increased by 44.5 per cent and 28.9 per cent, respectively. However, the food prices showed a decline of 0.9 per cent during May 2010 over May 2009 (Chart 3).

Statement 1 : India’s Foreign Trade – May 2010

Year

Exports

Imports

Trade Balance

Total

Oil

Non-Oil

Total

Oil

Non-Oil

Total

Oil

Non-Oil

1

2

3

4

5

6

7

8

9

10

Rupees crore

2008-09

78,717

11,498

67,220

124,031

44,211

79,820

-45,314

-32,713

-12,601

 

(55.0)

(26.4)

(61.2)

(43.8)

(93.1)

(26.0)

 

 

 

2009-10 R

59,771

7,281

52,490

97,118

25,752

71,365

-37,346

-18,471

-18,875

 

(-24.1)

(-36.7)

(-21.9)

(-21.7)

(-41.8)

(-10.6)

 

 

 

2010-11 P

73,964

..

..

125,694

40,515

85,179

-51,730

..

..

 

(23.7)

 

 

(29.4)

(57.3)

(19.4)

 

 

 

US dollar million

2008-09

18,687

2,729

15,957

29,444

10,495

18,948

-10,757

-7,766

-2,991

 

(50.0)

(22.4)

(56.0)

(39.2)

(87.0)

(22.0)

 

 

 

2009-10 R

12,316

1,500

10,815

20,011

5,306

14,705

-7,695

-3,806

-3,889

 

(-34.1)

(-45.0)

(-32.2)

(-32.0)

(-49.4)

(-22.4)

 

 

 

2010-11 P

16,145

..

..

27,437

8,844

18,593

-11,292

..

..

 

(31.1)

 

 

(37.1)

(66.7)

(26.4)

 

 

 

P: Provisional. R: Revised. .. Not available.
Notes: Figures in brackets relate to percentage variation over the corresponding previous period.
Source: DGCI & S.


Statement 2: India's Foreign Trade

Year

Exports

Imports

Trade Balance

Total

Oil

Non-Oil

Total

Oil

Non-Oil

Total

Oil

Non-Oil

1

2

3

4

5

6

7

8

9

10

April-March Rupees crore

2007-08

6,55,864

1,14,192

5,41,672

10,12,312

3,20,655

6,91,657

-3,56,448

-2,06,463

-1,49,985

 

(14.7)

(35.1)

(11.2)

(20.4)

(24.0)

(18.9)

 

 

 

2008-09 R

8,40,755

1,23,398

7,17,357

13,74,436

4,19,968

9,54,468

-5,33,680

-2,96,570

-2,37,111

 

(28.2)

(8.1)

(32.4)

(35.8)

(31.0)

(38.0)

 

 

 

2009-10 P

8,45,125

1,32,616

7,12,509

13,56,469

4,11,579

9,44,890

-5,11,343

-2,78,963

-2,32,381

 

(0.5)

(7.5)

(-0.7)

(-1.3)

(-2.0)

(-1.0)

 

 

 

US dollar million

2007-08

162,904

28,363

134,541

251,439

79,645

171,795

-88,535

-51,281

-37,254

 

(28.9)

(52.2)

(24.8)

(35.4)

(39.9)

(33.4)

 

 

 

2008-09 R

185,295

27,547

157,748

303,696

93,672

210,025

-118,401

-66,125

-52,277

 

(13.7)

(-2.9)

(17.2)

(20.8)

(17.6)

(22.3)

 

 

 

2009-10 P

178,662

28,131

150,531

286,823

87,121

199,702

-108,161

-58,990

-49,171

 

(-3.6)

(2.1)

(-4.6)

(-5.6)

(-7.0)

(-4.9)

 

 

 

April-May Rupees crore

2008-09

1,52,600

22,874

1,29,726

2,45,367

79,953

1,65,413

-92,766

-57,079

-35,687

 

(54.9)

(27.9)

(60.9)

(49.9)

(73.6)

(40.6)

 

 

 

2009-10 R

1,22,223

14,873

1,07,349

1,93,376

49,478

1,43,897

-71,153

-34,605

-36,548

 

(-19.9)

(-35.0)

(-17.2)

(-21.2)

(-38.1)

(-13.0)

 

 

 

2010-11 P

1,49,111

..

..

2,47,211

76,465

1,70,746

-98,100

..

..

 

(22.0)

 

 

(27.8)

(54.5)

(18.7)

 

 

 

US dollar million

2008-09

37,147

5,572

31,575

59,761

19,426

40,335

-22,614

-13,854

-8,760

 

(56.2)

(29.1)

(62.2)

(51.2)

(74.9)

(42.0)

 

 

 

2009-10 R

24,790

3,017

21,774

39,238

10,045

29,193

-14,448

-7,028

-7,420

 

(-33.3)

(-45.9)

(-31.0)

(-34.3)

(-48.3)

(-27.6)

 

 

 

2010-11 P

33,032

..

..

54,745

16,923

37,822

-21,712

..

..

 

(33.2)

 

 

(39.5)

(68.5)

(29.6)

 

 

 

P: Provisional. R: Revised. .. Not available.
Note: 1. Figures in brackets relate to percentage variation over the corresponding period of the previous year.
2. Data conversion has been done using period average exchange rate.
Source: DGCI&S.


Statement 3 : India’s Exports of Principal Commodities

(US$ million)

Commodity/Group

April-December

Percentage Variation

2007-08

2008-09 R

2009-10 P

 (3)/(2)

 (4)/(3)

1

2

3

4

5

6

I.

Primary Products

17,657.2

19,655.8

17,403.1

11.3

-11.5

 

 

(15.3)

(13.3)

(13.9)

 

 

 

A. Agricultural & Allied Products

11,960.4

13,906.5

11,755.3

16.3

-15.5

 

of which :

(10.3)

(9.4)

(9.4)

 

 

 

1. Tea

383.7

473.5

446.8

23.4

-5.6

 

2. Coffee

298.9

376.0

287.6

25.8

-23.5

 

3. Rice

1,881.7

1,811.2

1,766.0

-3.7

-2.5

 

4. Wheat

0.1

0.1

0.0

-

-

 

5. Cotton Raw incl. Waste

951.4

473.9

875.5

-50.2

84.8

 

6. Tobacco

353.8

546.8

684.7

54.6

25.2

 

7. Cashew incl. CNSL

398.2

511.5

453.4

28.4

-11.3

 

8. Spices

942.5

1,073.5

935.1

13.9

-12.9

 

9. Oil Meal

1,061.9

1,772.9

1,198.6

67.0

-32.4

 

10.Marine Products

1,376.3

1,238.8

1,305.1

-10.0

5.3

 

11.Sugar & Molasses

906.7

993.6

19.8

9.6

-98.0

 

B. Ores & Minerals

5,696.8

5,749.3

5,647.7

0.9

-1.8

 

of which :

(4.9)

(3.9)

(4.5)

 

 

 

1. Iron Ore

3,295.4

3,182.3

3,774.1

-3.4

18.6

 

2. Processed Minerals

904.2

1,103.1

884.0

22.0

-19.9

II.

Manufactured Goods

73,327.9

97,189.4

81,153.7

32.5

-16.5

 

of which :

(63.3)

(65.9)

(64.9)

 

 

 

A. Leather & Manufactures

2,539.1

2,803.8

2,417.4

10.4

-13.8

 

B. Chemicals & Related Products

14,867.8

18,169.7

16,095.7

22.2

-11.4

 

1. Basic Chemicals, Pharmaceuticals & Cosmetics

9,726.0

12,372.3

11,155.6

27.2

-9.8

 

2. Plastic & Linoleum

2,395.8

2,487.8

2,269.2

3.8

-8.8

 

3. Rubber, Glass, Paints & Enamels, etc.

2,086.0

2,413.7

1,939.7

15.7

-19.6

 

4. Residual Chemicals & Allied Products

660.0

895.9

731.2

35.7

-18.4

 

C. Engineering Goods

26,068.4

37,370.5

28,077.3

43.4

-24.9

 

 of which :

 

 

 

 

 

 

1. Manufactures of Metals

4,889.2

5,984.7

4,034.1

22.4

-32.6

 

2. Machinery & Instruments

6,446.2

8,596.0

6,917.5

33.4

-19.5

 

3. Transport Equipments

4,679.3

8,125.3

7,262.3

73.6

-10.6

 

4. Iron & Steel

3,870.7

5,024.0

2,526.2

29.8

-49.7

 

5. Electronic Goods

2,379.1

5,320.3

4,309.7

123.6

-19.0

 

D. Textiles and Textile Products

13,882.3

15,066.9

13,823.1

8.5

-8.3

 

1. Cotton Yarn, Fabrics, Made-ups, etc.

3,297.6

3,312.2

2,478.4

0.4

-25.2

 

2. Natural Silk Yarn, Fabrics Made-ups, etc.

 

 

 

 

 

 

(incl.silk waste)

279.0

289.0

222.0

3.6

-23.2

 

3. Manmade Yarn, Fabrics, Made-ups, etc.

2,114.1

2,418.7

2,552.5

14.4

5.5

 

4. Manmade Staple Fibre

190.1

212.1

245.3

11.6

15.7

 

5. Woollen Yarn, Fabrics, Made-ups, etc.

65.5

78.4

64.4

19.7

-17.8

 

6. Readymade Garments

6,851.2

7,769.6

7,441.1

13.4

-4.2

 

7. Jute & Jute Manufactures

247.6

245.9

165.4

-0.7

-32.7

 

8. Coir & Coir Manufactures

116.1

110.6

119.8

-4.8

8.3

 

9. Carpets

721.1

630.4

534.2

-12.6

-15.3

 

(a) Carpet Handmade

708.2

623.1

527.4

-12.0

-15.4

 

(b) Carpet Millmade

0.0

0.0

0.0

-

-

 

(c) Silk Carpets

13.0

7.3

6.8

-44.0

-6.3

 

E. Gems & Jewellery

14,600.7

22,463.4

19,495.5

53.9

-13.2

 

F. Handicrafts

417.7

255.6

148.7

-38.8

-41.8

III.

Petroleum Products

19,535.7

23,464.5

19,345.0

20.1

-17.6

 

 

(16.9)

(15.9)

(15.5)

 

 

IV.

Others

5,247.6

7,259.3

7,075.2

38.3

-2.5

 

 

(4.5)

(4.9)

(5.7)

 

 

Total Exports

115,768.4

147,569.0

124,976.9

27.5

-15.3

P: Provisional. R: Revised.
Note: Figures in brackets relate to percentage to total exports for the period.
Source: DGCI&S.


Statement 4 : Direction of India's Foreign Trade – Exports

(US$ million)

Group/Country

April-December

Percentage Variation

2007-08

2008-09 R

2009-10 P

(3)/(2)

(4)/(3)

1

2

3

4

5

6

I.

O E C D Countries

45,808.2

54,024.3

45,406.7

17.9

-16.0

 

A. E U

24,347.1

30,471.1

25,558.5

25.2

-16.1

 

of which:

 

 

 

 

 

 

1. Belgium

2,998.4

3,596.7

2,575.4

20.0

-28.4

 

2. France

1,835.4

2,297.9

2,429.5

25.2

5.7

 

3. Germany

3,626.1

4,832.6

3,738.3

33.3

-22.6

 

4. Italy

2,781.7

2,960.4

2,352.4

6.4

-20.5

 

5. The Netherlands

3,576.0

4,949.7

4,984.1

38.4

0.7

 

6. U K

4,826.5

5,116.4

4,528.2

6.0

-11.5

 

B. North America

16,159.7

17,849.0

14,527.3

10.5

-18.6

 

1. Canada

904.2

1,047.6

817.8

15.9

-21.9

 

2. U S A

15,255.5

16,801.5

13,709.5

10.1

-18.4

 

C. Asia and Oceania

3,428.5

3,623.0

3,685.2

5.7

1.7

 

of which:

 

 

 

 

 

 

1. Australia

842.2

1,137.8

1,003.5

35.1

-11.8

 

2. Japan

2,482.8

2,331.9

2,473.7

-6.1

6.1

 

D. Other O E C D Countries

1,872.9

2,081.1

1,635.7

11.1

-21.4

 

of which:

 

 

 

 

 

 

1. Switzerland

427.7

572.9

419.4

33.9

-26.8

II.

O P E C

19,366.2

31,959.1

26,662.5

65.0

-16.6

 

of which:

 

 

 

 

 

 

1. Indonesia

1,325.4

1,995.6

2,292.4

50.6

14.9

 

2. Iran

1,655.7

2,005.6

1,408.2

21.1

-29.8

 

3. Iraq

162.1

335.7

374.1

107.1

11.4

 

4. Kuwait

472.6

631.1

562.9

33.5

-10.8

 

5. Saudi Arabia

2,490.2

4,257.3

2,930.1

71.0

-31.2

 

6. U A E

11,365.8

19,939.4

16,295.5

75.4

-18.3

III.

Eastern Europe

1,321.1

1,643.3

1,269.5

24.4

-22.7

 

of which:

 

 

 

 

 

 

1. Russia

664.6

869.4

688.5

30.8

-20.8

IV.

Developing Countries

46,612.3

54,543.3

47,849.1

17.0

-12.3

 

of which :

 

 

 

 

 

 

A. Asia

34,304.2

39,836.1

36,117.9

16.1

-9.3

 

a) S A A R C

6,238.0

6,821.6

5,508.1

9.4

-19.3

 

1. Afghanistan

175.6

289.5

362.0

64.9

25.0

 

2. Bangladesh

1,658.7

2,014.9

1,692.9

21.5

-16.0

 

3. Bhutan

62.7

84.7

78.6

35.0

-7.1

 

4. Maldives

61.9

81.0

61.0

30.7

-24.7

 

5. Nepal

1,022.1

1,230.7

860.3

20.4

-30.1

 

6. Pakistan

1,246.7

1,093.3

1,116.9

-12.3

2.2

 

7. Sri Lanka

2,010.2

2,027.5

1,336.4

0.9

-34.1

 

b) Other Asian Developing Countries

28,066.2

33,014.5

30,609.8

17.6

-7.3

 

of which:

 

 

 

 

 

 

1. People’s Republic of China

6,805.2

6,713.3

7,265.0

-1.4

8.2

 

2. Hong Kong

4,450.5

5,133.0

5,402.0

15.3

5.2

 

3. South Korea

1,726.4

2,656.0

2,423.9

53.8

-8.7

 

4. Malaysia

1,566.8

2,118.2

2,182.8

35.2

3.1

 

5. Singapore

5,141.6

6,969.7

5,123.4

35.6

-26.5

 

6. Thailand

1,258.1

1,589.1

1,247.1

26.3

-21.5

 

B. Africa

8,760.0

9,650.3

7,623.1

10.2

-21.0

 

of which:

 

 

 

 

 

 

1. Benin

189.8

160.9

150.5

-15.2

-6.5

 

2. Egypt Arab Republic

961.5

1,413.1

1,022.5

47.0

-27.6

 

3. Kenya

1,041.5

1,137.3

1,109.2

9.2

-2.5

 

4. South Africa

1,725.3

1,652.6

1,543.6

-4.2

-6.6

 

5. Sudan

277.1

360.1

314.0

30.0

-12.8

 

6. Tanzania

391.1

864.1

700.2

120.9

-19.0

 

7. Zambia

108.3

86.8

62.7

-19.9

-27.8

 

C. Latin American Countries

3,548.1

5,057.0

4,108.0

42.5

-18.8

V.

Others

2,510.6

2,021.7

573.1

-19.5

-71.7

VI.

Unspecified

150.0

3,377.5

3,216.1

-

-4.8

Total Exports

115,768.4

147,569.0

124,976.9

27.5

-15.3

P: Provisional. R: Revised.
Source: DGCI & S.


Statement 5: India’s Imports of Principal Commodities

(US$ million)

Commodity/Group

April-December

Percentage Variation

2007-08

2008-09 R

2009-10 P

(3)/(2)

(4)/(3)

1

2

3

4

5

6

I. Bulk Imports

78,911.0

119,904.2

87,467.2

51.9

-27.1

 

(43.0)

(47.2)

(43.9)

 

 

A. Petroleum, Petroleum Products

54,421.0

81,104.2

59,795.6

49.0

-26.3

 & Related Material

(29.7)

(32.0)

(30.0)

 

 

B. Bulk Consumption Goods

3,324.3

3,541.7

6,187.6

6.5

74.7

1. Wheat

372.3

0.0

2.7

-

-

2. Cereals & Cereal Preparations

28.5

36.3

35.0

27.1

-3.4

3. Edible Oil

1,979.2

2,454.8

3,909.6

24.0

59.3

4. Pulses

943.8

1,014.0

1,455.5

7.4

43.5

5. Sugar

0.5

36.5

784.8

-

-

C. Other Bulk Items

21,165.7

35,258.3

21,484.1

66.6

-39.1

1. Fertilisers

4,123.4

12,516.0

5,495.2

203.5

-56.1

a) Crude

336.4

844.4

473.0

151.0

-44.0

b) Sulphur & Unroasted Iron Pyrites

200.0

632.9

78.2

216.4

-87.6

c) Manufactured

3,587.0

11,038.7

4,944.0

207.7

-55.2

2. Non-ferrous Metals

2,521.5

5,329.4

2,497.0

111.4

-53.1

3. Paper, paperboard & Mgfd. incl. Newsprint

1,031.9

1,508.3

1,112.0

46.2

-26.3

4. Crude Rubber, incl. Synthetic & Reclaimed

565.4

783.3

736.1

38.5

-6.0

5. Pulp & Waste Paper

575.8

666.1

615.3

15.7

-7.6

6. Metalliferrous Ores & Metal Scrap

5,810.4

6,753.3

4,954.3

16.2

-26.6

7. Iron & Steel

6,537.3

7,702.0

6,074.2

17.8

-21.1

II. Non-Bulk Imports

104,390.6

133,905.1

111,739.8

28.3

-16.6

 

(57.0)

(52.8)

(56.1)

 

 

A. Capital Goods

41,056.4

57,028.4

44,887.3

38.9

-21.3

1. Manufactures of Metals

1,875.0

2,637.5

1,803.0

40.7

-31.6

2. Machine Tools

1,538.9

1,909.3

1,186.7

24.1

-37.8

3. Machinery except Electrical & Electronics

13,485.5

17,276.4

14,202.5

28.1

-17.8

4. Electrical Machinery except Electronics

2,067.5

3,044.4

2,338.2

47.2

-23.2

5. Electronic Goods incl. Computer Software

16,068.1

19,382.6

17,413.3

20.6

-10.2

6. Transport Equipments

5,114.1

10,383.3

4,827.4

103.0

-53.5

7. Project Goods

907.3

2,394.9

3,116.2

164.0

30.1

B. Mainly Export-Related Items

16,588.7

26,023.7

21,538.3

56.9

-17.2

1. Pearls, Precious & Semi-Precious Stones

7,137.2

13,193.8

10,453.3

84.9

-20.8

2. Chemicals, Organic & Inorganic

7,327.2

10,244.2

8,722.9

39.8

-14.9

3. Textile Yarn, Fabric, etc.

1,835.6

2,083.5

1,906.8

13.5

-8.5

4. Cashew Nuts, raw

288.7

502.2

455.3

74.0

-9.3

C. Others

46,745.5

50,853.0

45,314.2

8.8

-10.9

of which :

 

 

 

 

 

1. Gold & Silver

14,410.0

20,874.8

18,164.2

44.9

-13.0

2. Artificial Resins & Plastic Materials

2,670.2

3,072.8

3,624.8

15.1

18.0

3. Professional Instruments, etc. except electrical

2,222.9

3,427.4

2,689.9

54.2

-21.5

4. Coal, Coke & Briquettes, etc.

4,597.8

8,404.9

6,475.4

82.8

-23.0

5. Medicinal & Pharmaceutical Products

1,201.7

1,421.8

1,547.5

18.3

8.8

6. Chemical Materials & Products

1,161.5

1,695.5

1,686.6

46.0

-0.5

7. Non-metallic Mineral Manufactures

742.3

968.2

798.8

30.4

-17.5

 Total Imports

183,301.6

253,809.3

199,207.0

38.5

-21.5

Memo Items

Non-oil Imports

128,880.6

172,705.1

139,411.4

34.0

-19.3

Non-oil Imports excl. Gold & Silver

114,470.6

151,830.3

121,247.2

32.6

-20.1

Mainly Industrial Inputs*

105,336.4

133,822.6

107,425.8

27.0

-19.7

P: Provisional. R: Revised.
* Non-oil imports net of gold and silver, bulk consumption goods, manufactured fertilisers and professional instruments.
Note: Figures in brackets relate to percentage to total imports for the period.
Source: DGCI & S.


Statement 6 : Direction of India’s Foreign Trade – Imports

(US$ million)

Group/Country

April-December

Percentage Variation

2007-08

2008-09 R

2009-10 P

 (3)/(2)

 (4)/(3)

1

2

3

4

5

6

I.

OECD Countries

57,619.0

80,825.4

65,155.0

40.3

-19.4

 

A. EU

25,634.5

34,418.8

27,101.0

34.3

-21.3

 

of which:

 

 

 

 

 

 

1. Belgium

3,933.1

4,969.2

4,511.5

26.3

-9.2

 

2. France

1,989.3

3,673.0

2,184.0

84.6

-40.5

 

3. Germany

6,760.2

8,973.1

7,319.8

32.7

-18.4

 

4. Italy

2,751.5

3,583.2

2,721.9

30.2

-24.0

 

5. The Netherlands

1,425.5

1,585.6

1,475.9

11.2

-6.9

 

6. U K

3,810.6

5,158.8

3,173.5

35.4

-38.5

 

B. North America

11,486.3

17,432.6

12,968.6

51.8

-25.6

 

1. Canada

1,432.8

2,087.6

1,620.3

45.7

-22.4

 

2. U S A

10,053.5

15,345.0

11,348.3

52.6

-26.0

 

C. Asia and Oceania

10,731.3

15,891.6

13,816.0

48.1

-13.1

 

of which:

 

 

 

 

 

 

1. Australia

5,930.9

9,181.5

8,626.3

54.8

-6.0

 

2. Japan

4,551.3

6,333.2

4,821.4

39.2

-23.9

 

D. Other OECD Countries

9,767.0

13,082.4

11,269.4

33.9

-13.9

 

of which:

 

 

 

 

 

 

1. Switzerland

7,837.8

10,864.2

9,351.0

38.6

-13.9

II.

OPEC

53,924.0

84,872.6

62,275.8

57.4

-26.6

 

of which:

 

 

 

 

 

 

1. Indonesia

3,484.2

5,057.6

5,933.5

45.2

17.3

 

2. Iran

7,254.1

10,158.6

8,435.2

40.0

-17.0

 

3. Iraq

4,397.4

7,042.5

5,215.3

60.1

-25.9

 

4. Kuwait

4,883.8

8,028.2

5,801.8

64.4

-27.7

 

5. Saudi Arabia

13,511.8

17,036.2

11,579.6

26.1

-32.0

 

6. U A E

9,691.0

20,183.5

12,009.4

108.3

-40.5

III.

Eastern Europe

2,872.3

5,635.1

4,601.9

96.2

-18.3

 

of which:

 

 

 

 

 

 

1. Russia

1,858.5

3,785.4

2,850.9

103.7

-24.7

IV.

Developing Countries

57,116.7

79,369.5

66,346.8

39.0

-16.4

 

of which:

 

 

 

 

 

 

A. Asia

46,429.7

64,145.4

52,676.0

38.2

-17.9

 

a) SAARC

1,368.0

1,462.4

1,154.2

6.9

-21.1

 

1. Afghanistan

74.0

97.7

88.7

32.1

-9.2

 

2. Bangladesh

192.6

262.8

184.8

36.4

-29.7

 

3. Bhutan

154.0

119.1

109.4

-22.7

-8.2

 

4. Maldives

2.8

3.3

1.7

18.3

-47.6

 

5. Nepal

402.5

413.9

333.6

2.8

-19.4

 

6. Pakistan

211.9

296.0

199.2

39.7

-32.7

 

7. Sri Lanka

330.3

269.6

236.8

-18.4

-12.2

 

b) Other Asian Developing Countries

45,061.7

62,683.0

51,521.8

39.1

-17.8

 

of which:

 

 

 

 

 

 

1. People’s Republic of China

19,854.7

26,149.3

22,554.8

31.7

-13.7

 

2. Hong Kong

2,192.0

4,712.3

3,239.6

115.0

-31.3

 

3. South Korea

4,288.5

7,139.8

6,105.3

66.5

-14.5

 

4. Malaysia

4,464.5

5,978.4

3,692.3

33.9

-38.2

 

5. Singapore

5,620.2

6,215.6

4,408.1

10.6

-29.1

 

6. Thailand

1,719.4

2,169.5

2,140.9

26.2

-1.3

 

B. Africa

6,802.5

10,842.5

8,672.6

59.4

-20.0

 

of which:

 

 

 

 

 

 

1. Benin

62.7

106.5

114.4

69.9

7.5

 

2. Egypt Arab Republic

1,525.8

1,612.1

1,128.5

5.7

-30.0

 

3. Kenya

65.3

61.2

56.0

-6.2

-8.6

 

4. South Africa

2,679.7

4,807.1

4,121.0

79.4

-14.3

 

5. Sudan

241.6

359.3

330.2

48.7

-8.1

 

6. Tanzania

73.1

109.2

152.1

49.3

39.3

 

7. Zambia

66.2

127.6

67.7

92.8

-46.9

 

C. Latin American Countries

3,884.5

4,381.6

4,998.2

12.8

14.1

V.

Others

11,234.2

2,101.7

48.2

-81.3

-97.7

VI.

Unspecified

535.4

1,005.1

779.3

87.7

-22.5

 Total Imports

183,301.6

253,809.3

199,207.0

38.5

-21.5

P: Provisional. R: Revised.
Source: DGCI & S.


* Prepared in the Division of International Trade, Department of Economic Analysis and Policy. The previous issue of the article was published in RBI Bulletin, July 2010.

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