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

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

This article reviews India’s merchandise trade performance during 2010-11 (April- June) on the basis of data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S); disaggregated commodity-wise and direction-wise details for the period 2009- 10 (April-January) are also analysed.

Highlights

• India’s merchandise exports during June 2010 at US$ 17.7 billion recorded a growth of 30.4 per cent as compared with a decline of 29.1 per cent registered in June 2009. For the ninth successive month, the exports have registered a positive growth.

• During April-June 2010 exports stood at US$ 50.8 billion, posting an increase of 32.3 per cent as against a decline of 31.8 per cent during April-June 2009.

• India’s merchandise imports during June 2010 at US$ 28.3 billion showed a growth of 23.0 per cent as against a decline of 20.5 per cent recorded in June 2009. This was due to growth in both petroleum, oil and lubricants (POL) and non-POL imports. The rise in POL imports has been sharper than that of non-POL imports. This is the eighth successive month that imports have registered a positive growth. However, the growth rate registered in June 2010 is the lowest since December 2009.

• During April-June 2010, imports at US$ 83.0 billion registered a rise of 34.4 per cent (30.4 per cent decline a year ago).

• Petroleum, oil and lubricants (POL) imports at US$ 25.3 billion during April- June 2010 showed a high growth of 51.8 per cent, as against a decline of 43.7 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-June 2010 stood at US$ 78.2 per barrel (ranging between US$ 74.3–84.1 per barrel), which was higher by 32.3 per cent than US$ 59.1 per barrel (ranged between US$ 50.1–69.1 per barrel) during April-June 2009.

• Non-POL imports during April-June 2010 at US$ 57.8 billion recorded a growth of 28.0 per cent as against a decline of 23.7 per cent in April-June 2009.

• Trade deficit during April-June 2010 amounted to US$ 32.3 billion, which was higher by US$ 8.9 billion (37.9 per cent) than US$ 23.4 billion during April- June 2009 due to relatively larger increase in imports than exports during the period.

• The disaggregated data on commoditywise merchandise trade as well as direction of trade reveal that trade of all major commodity groups and with major trading partners registered a decline during 2009-10 (April-January) over the corresponding period of preceding year.

India’s Merchandise Trade during April-June 2010

Exports

India’s merchandise exports during June 2010 at US$ 17.7 billion recorded a growth of 30.4 per cent as compared with a decline of 29.1 per cent registered in June 2009 (Statement 1). For the ninth successive month, the exports have registered 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 June 2010 is lower than the exports value of US$ 19.2 billion recorded during June 2008.

Cumulatively, exports during April-June 2010 stood at US$ 50.8 billion, posting an increase of 32.3 per cent as against a decline of 31.8 per cent during April-June 2009 (Table 1 and Statement 2).

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

(US$ billion)

Items

2009-10R

2010-11 P

April-June

1

2

3

Exports

38.4

50.8

 

(-31.8)

(32.3)

Oil Exports

4.4

..

 

(-51.6)

 

Non-oil Exports

34.0

..

 

(-28.0)

 

Imports

61.8

83.0

 

(-30.4)

(34.4)

Oil Imports

16.6

25.3

 

(-43.7)

(51.8)

Non-oil Imports

45.1

57.8

 

(-23.7)

(28.0)

Trade Balance

-23.4

-32.3

Oil Trade Balance

-12.2

..

Non-oil Trade Balance

-11.2

..

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.

The commodity-wise exports data released by DGCI&S for 2009-10 (April- January) revealed that manufactured goods continued to maintain the largest share at 64.8 per cent, followed by petroleum products (15.4 per cent) and primary products (14.4 per cent). Within manufactured goods, engineering goods contributed the most (Table 2).

Table 2: India's Exports of Principal Commodities

(Percentage Shares)

Commodity Group

2007-08

2008-09

2008-09

2009-10

April- March

April-January

1

2

3

4

5

I.

Primary Products

16.9

13.7

13.3

14.4

 

Agriculture and Allied Products

11.3

9.5

9.2

9.8

 

Ores and Minerals

5.6

4.2

4.1

4.6

II.

Manufactured Goods

63.2

66.5

66.2

64.8

 

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

25.7

22.0

 

Textiles and Textile Products

11.9

10.8

10.4

11.3

 

Gems and Jewellery

12.1

15.1

15.0

15.7

III.

Petroleum Products

17.4

14.5

15.5

15.4

IV.

Others

2.5

5.3

5.0

5.4

 

Total Exports

100.0

100.0

100.0

100.0

Source: Compiled from DGCI&S data.

During 2009-10 (April-January), exports of all major commodity groups declined with engineering goods registering the sharpest decline of about 24 per cent followed by petroleum products (-11.3 per cent), leather and manufacture (-11.0 per cent) and gems and jewellery (-7.1 per cent) (Statement 3).

The overall decline in exports of engineering goods, which accounted for almost one-fourth of India’s total exports, was caused mainly by fall in exports of manufacture of metals, iron and steel and machinery and instruments. More than 65 per cent of the contraction in exports of engineering goods was brought about by these components. As per the information available for exports of commodities destined for different countries, much of the contraction in engineering goods exports was attributable to the decline of these exports to the US, the UAE, and Singapore that together constituted around 24 per cent of India’s engineering goods exports. However, India’s exports of engineering goods to China grew during the period leading to almost three-fold increase in China’s share.

The decline in oil exports was mainly on account of fall in world oil prices. Otherwise, during the period there was a growth of 20.3 per cent in volume of oil exports as against a decline of 6.0 per cent during 2008-09 (April-January) [Chart 3].

Destination-wise, during 2009-10 (April- January), developing countries and OECD countries, respectively, accounted for 38.7 per cent and 36.3 per cent of India’s total exports (Table 3). Another major destination was OPEC with the share of 20.9 per cent. During the period, the share of developing countries increased while those of OECD and OPEC declined. Country-wise, during 2009- 10 (April-January), the UAE emerged as the largest importer of Indian goods with a share of 12.9 per cent, followed by the US, China, Hong Kong and Singapore. These five countries together accounted for 38.3 per cent of India’s total exports. In terms of direction of India’s exports during 2009-10 (April-January) decline in exports spread across all major markets, such as the EU, OPEC and developing countries (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-January

1

2

3

4

5

I.

OECD Countries

39.5

36.9

36.9

36.3

 

EU

21.2

21.0

20.9

20.6

 

North America

13.5

12.1

12.1

11.5

 

USA

12.7

11.3

11.4

10.8

 

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

21.2

20.9

III.

Eastern Europe

1.1

1.1

1.1

1.0

IV.

Developing Countries

42.5

37.0

37.0

38.7

 

Asia

31.6

27.7

27.2

29.4

 

SAARC

5.9

4.6

4.6

4.7

 

Other Asian Developing Countries

25.7

23.1

22.6

24.7

 

People’s Republic of China

6.6

5.0

4.7

6.1

 

Africa

7.5

6.2

6.4

5.9

 

Latin America

3.4

3.1

3.3

3.4

V.

Others/Unspecified

0.3

4.0

3.8

3.1

 

Total Exports

100.0

100.0

100.0

100.0

Source: Compiled from DGCI&S data.

Imports

India’s merchandise imports during June 2010 at US$ 28.3 billion showed a growth of 23.0 per cent as against a decline of 20.5 per cent recorded in June 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 eighth successive month that POL imports have registered a positive growth (Chart 1). During April-June 2010, imports at US$ 83.0 billion registered a rise of 34.4 per cent (30.4 per cent decline a year ago) [Table 1 and Statement 2].

Petroleum, oil and lubricants (POL) imports at US$ 25.3 billion during April-June 2010 showed a high growth 51.8 per cent, as against a decline of 43.7 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-June 2010 stood at US$ 78.2 per barrel (ranging between US$ 74.3–84.1 per barrel), which was higher by 32.3 per cent than US$ 59.1 per barrel (ranging between US$ 50.1 – 69.1 per barrel) during April-June 2009 (Table 4). Non-POL imports during April-June 2010 at US$ 57.8 billion recorded a growth of 28.0 per cent as against a decline of 23.7 per cent in April- June 2009.

The commodity-wise imports data for 2009-10 (April-January) indicated that POL imports at US$ 70.2 billion showed a decline of 18.1 per cent as against a high growth of 36.1 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 12.5 per cent as against a growth of 10.8 per cent during 2008-09 (April-January).

Non-POL imports during 2009-10 (April- January) at US$ 161.3 billion witnessed a decline of 13.5 per cent as against a growth of 30.2 per cent during the corresponding period of 2008-09.

Table 4: Trends in Crude Oil Prices

(US$/barrel)

Period

Dubai

Brent

WTI*

IndianBasket**

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

(April-June) 2009

58.9

59.1

59.5

59.0

(April-June) 2010

78.0

78.7

77.9

78.2

* 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 July 2010; Ministry of Petroleum and Natural Gas, Government of India.

The slowdown in non-POL imports was mainly due to decline in imports of capital goods, pearls, precious and semi-precious stones, fertilisers, iron and steel 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 (wheat, cereals, edible oil, pulses, sugar) showed a high growth of 77.7 per cent during the period as against a growth of 5.7 per cent during 2008-09 (April-January) (Statement 5). During 2009-10 (April- January) the shares of gold and silver and chemicals in total imports went up, while those of petroleum, crude and products, iron and steel and fertilisers came down (Table 5).

Source-wise, during 2009-10 (April- January), OECD countries had the highest share in India’s total imports (33.1 per cent), followed by developing 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 largest source of imports with the share of 10.9 per cent in total imports, followed by the US, the UAE, Saudi Arabia, and Switzerland. These five countries together constituted around 33.9 per cent of India’s imports.

Table 5: Imports of Principal Commodities

(Percentage Shares)

Commodity/Group

2007-08

2008-09

2008-09

2009-10

April-March

April-January

1

2

3

4

5

1.

Petroleum, Crude and Products

31.7

30.8

31.5

30.3

2.

Capital Goods

27.9

23.6

23.1

23.1

3.

Gold and Silver

7.1

7.2

8.0

9.7

4.

Organic and Inorganic Chemicals

3.9

4.0

4.0

4.2

5.

Coal, Coke and Briquettes, etc.

2.6

3.3

3.2

3.2

6.

Fertilisers

2.2

4.5

4.8

2.6

7.

Metalliferrous Ores, Metal Scrap, etc.

3.1

2.6

2.6

2.6

8.

Iron and Steel

3.5

3.1

3.1

2.9

9.

Pearls, Precious and Semi-Precious Stones

3.2

5.5

5.2

5.2

10.

Others

14.8

15.4

14.5

16.2

Total Imports

100.0

100.0

100.0

100.0

Source: Compiled from DGCI&S data.


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-January

1

2

3

4

5

I. OECD Countries

35.4

31.7

31.9

33.1

EU

15.3

13.9

13.8

13.6

France

2.5

1.5

1.4

1.5

Germany

3.9

3.9

3.9

3.7

UK

2.0

1.9

2.0

1.5

North America

9.1

6.9

6.9

7.0

USA

8.4

6.1

6.1

6.2

Asia and Oceania

5.8

6.3

6.3

6.8

Other OECD Countries

5.2

4.6

4.9

5.6

II. OPEC

30.7

32.1

32.9

31.5

III. Eastern Europe

1.5

2.2

2.2

2.2

IV. Developing Countries

31.5

31.9

31.5

32.5

Asia

25.5

25.9

25.6

25.5

SAARC

0.8

0.6

0.6

0.6

Other Asian Developing Countries

24.7

25.3

25.0

25.0

of which:

 

 

 

 

People’s Republic of China

10.8

10.6

10.5

10.9

Africa

3.7

4.1

4.2

4.4

Latin America

2.3

1.9

1.7

2.5

V. Others/Unspecified

0.9

2.1

1.5

0.7

Total Imports

100.0

100.0

100.0

100.0

Source: Compiled from DGCI&S data.

Trade Deficit

The deficit in merchandise trade stood at US$ 10.6 billion in June 2010 as against a level of US$ 9.4 billion in June 2009 (Chart 1). Trade deficit during April-June 2010 amounted to US$ 32.3 billion, which was higher by US$ 8.9 billion (37.9 per cent) than US$ 23.4 billion during April-June 2009 due to relatively larger increase in imports than exports during the period (Statement 2).

During 2009-10 (April-January) trade deficit on oil account stood at US$ 48.2 billion, which was lower by US$ 12.6 billion than US$ 60.8 billion a year ago. Trade deficit on non-oil account during this period amounted to US$ 40.5 billion, which was also lower by US$ 10.3 billion than US$ 50.8 billion in 2008-09 (April-January).

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), after following a continuous rising trend during November 2009 to March 2010, the growth in exports of world economy and of advanced economies has marginally slowed down during April 2010 (Chart 2 and Table 7).

Table 7: Growth in Exports – Global Scenario

(Per cent)

Region/Country

2008

2009

2009

2010

January-December

January-April

1

2

3

4

5

World

16.0

-22.8

-30.6

24.9

Advanced Economies

11.2

-21.7

-31.5

22.8

USA

11.9

-18.8

-22.9

22.0

France

10.5

-22.0

-33.0

15.8

Germany

9.6

-22.3

-33.2

17.7

Japan

12.3

-26.1

-40.6

44.4 *

Emerging and Developing Economies

25.2

-24.5

-28.9

18.6 **

Singapore

13.0

-20.2

-32.8

39.2

China

17.3

-15.9

-20.5

21.0 **

India

29.7

-15.4

-26.5 ***

34.3 ***

Indonesia

18.3

-14.4

-28.7

44.1

Korea

13.6

-14.3

-23.7

34.3

Malaysia

19.1

-24.9

-30.7

41.2

Thailand

12.9

-12.0

-23.8

34.4

* January-Februay 2010 over corresponding period of previous year.
** January 2010 over January 2009.
*** January-June over corresponding period of previous year.
Sources: 1. IMF (www.imfstatistics.org).
2. DGCI&S for India.


World Commodity Prices

According to IMF’s IFS, after following a continuous rising trend for six months since November 2009, the pace of rise in world commodity prices slowed down to 24.5 per cent in May 2010 and further to 9.9 per cent in June 2010. During June 2010, the prices of metals and energy increased by 27.6 per cent and 9.6 per cent, respectively. However, the food prices showed a decline of 4.8 per cent during June 2010 over June 2009 (Chart 3).


Statement 1: India’s Foreign Trade – June 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

82,133

15,361

66,772

1,23,967

43,332

80,635

-41,834

-27,971

-13,863

 

(66.5)

(78.6)

(63.9)

(51.9)

(80.4)

(40.0)

 

 

 

2009-10 R

64,996

6,773

58,223

1,09,937

31,535

78,402

-44,941

-24,763

-20,178

 

(-20.9)

(-55.9)

(-12.8)

(-11.3)

(-27.2)

(-2.8)

 

 

 

2010-11 P

82632

..

..

1,31,781

38,900

92,881

-49,149

..

..

 

(27.1)

 

 

(19.9)

(23.4)

(18.5)

 

 

 

US dollar million

2008-09

19,181

3,587

15,594

28,951

10,120

18,831

-9,770

-6,532

-3,237

 

(58.5)

(70.0)

(56.1)

(44.6)

(71.8)

(33.3)

 

 

 

2009-10 R

13,606

1,418

12,188

23,013

6,601

16,412

-9,408

-5,184

-4,224

 

(-29.1)

(-60.5)

(-21.8)

(-20.5)

(-34.8)

(-12.8)

 

 

 

2010-11 P

17,745

..

..

28,299

8,354

19,946

-10,554

..

..

 

(30.4)

 

 

(23.0)

(26.5)

(21.5)

 

 

 

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

1,62,904

28,363

1,34,541

2,51,439

79,645

1,71,795

-88,535

-51,281

-37,254

 

(28.9)

(52.2)

(24.8)

(35.4)

(39.9)

(33.4)

 

 

 

2008-09 R

1,85,295

27,547

1,57,748

3,03,696

93,672

2,10,025

-1,18,401

-66,125

-52,277

 

(13.7)

(-2.9)

(17.2)

(20.8)

(17.6)

(22.3)

 

 

 

2009-10 P

1,78,662

28,131

1,50,531

2,86,823

87,121

1,99,702

-1,08,161

-58,990

-49,171

 

(-3.6)

(2.1)

(-4.6)

(-5.6)

(-7.0)

(-4.9)

 

 

 

April-June Rupees crore

2008-09

2,34,733

38,235

1,96,498

3,69,334

1,23,285

2,46,048

-1,34,600

-85,051

-49,550

 

(58.7)

(44.3)

(61.9)

(50.6)

(76.0)

(40.4)

 

 

 

2009-10 R

1,87,219

21,646

1,65,573

3,01,439

81,014

2,20,425

-1,14,220

-59,368

-54,852

 

(-20.2)

(-43.4)

(-15.7)

(-18.4)

(-34.3)

(-10.4)

 

 

 

2010-11 P

2,31,744

..

..

3,78,992

1,15,365

2,63,627

-1,47,248

..

..

 

(23.8)

 

 

(25.7)

(42.4)

(19.6)

 

 

 

US dollar million

2008-09

56,328

9,159

47,169

88,711

29,545

59,166

-32,383

-20,386

-11,997

 

(57.0)

(42.5)

(60.1)

(49.0)

(73.8)

(39.1)

 

 

 

2009-10 R

38,396

4,435

33,962

61,785

16,647

45,138

-23,388

-12,213

-11,176

 

(-31.8)

(-51.6)

(-28.0)

(-30.4)

(-43.7)

(-23.7)

 

 

 

2010-11 P

50,792

..

..

83,044

25,276

57,768

-32,252

..

..

 

(32.3)

 

 

(34.4)

(51.8)

(28.0)

 

 

 

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


(US$ million)

Commodity/Group

April-January

Percentage Variation

2007-08

2008-09 R

2009-10 P

(3)/(2)

(4)/(3)

1

2

3

4

5

6

I.

Primary Products

20,620.4

21,356.5

20,535.4

3.6

-3.8

 

 

(15.8)

(13.3)

(14.4)

 

 

 

A. Agricultural & Allied Products

14,091.8

14,838.0

14,027.7

5.3

-5.5

 

of which :

(10.8)

(9.2)

(9.8)

 

 

 

1. Tea

427.9

506.6

507.7

18.4

0.2

 

2. Coffee

325.2

399.1

321.9

22.8

-19.3

 

3. Rice

2,249.9

1,847.1

1,980.2

-17.9

7.2

 

4. Wheat

0.1

0.1

0.0

-

-

 

5. Cotton Raw incl. Waste

1,334.0

500.5

1,314.1

-62.5

162.6

 

6. Tobacco

383.8

589.3

750.8

53.5

27.4

 

7. Cashew incl. CNSL

443.5

556.7

506.3

25.5

-9.0

 

8. Spices

1,045.6

1,179.5

1,047.2

12.8

-11.2

 

9. Oil Meal

1,373.3

1,943.9

1,350.4

41.5

-30.5

 

10. Marine Products

1,484.0

1,338.1

1,754.8

-9.8

31.1

 

11. Sugar & Molasses

1,058.4

991.3

22.7

-6.3

-97.7

 

B. Ores & Minerals

6,528.6

6,518.5

6,507.7

-0.2

-0.2

 

of which :

(5.0)

(4.1)

(4.6)

 

 

 

1. Iron Ore

3,859.8

3,803.6

4,416.3

-1.5

16.1

 

2. Processed Minerals

997.9

1,184.3

988.4

18.7

-16.5

II.

Manufactured Goods

82,335.8

106,196.5

92,544.6

29.0

-12.9

 

of which :

(63.0)

(66.2)

(64.8)

 

 

 

A. Leather & Manufactures

2,884.6

3,102.4

2,759.7

7.6

-11.0

 

B. Chemicals & Related Products

16,686.1

19,654.9

18,379.1

17.8

-6.5

 

1. Basic Chemicals, Pharmaceuticals & Cosmetics

10,943.6

13,426.6

12,691.2

22.7

-5.5

 

2. Plastic & Linoleum

2,666.5

2,660.8

2,630.3

-0.2

-1.1

 

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

2,334.7

2,606.6

2,237.2

11.6

-14.2

 

4. Residual Chemicals & Allied Products

741.3

961.0

820.4

29.6

-14.6

 

C. Engineering Goods

29,306.5

41,186.1

31,476.9

40.5

-23.6

 

of which :

 

 

 

 

 

 

1. Manufactures of Metals

5,675.3

6,463.3

4,445.4

13.9

-31.2

 

2. Machinery & Instruments

7,300.6

9,365.3

7,690.2

28.3

-17.9

 

3. Transport Equipments

5,169.7

9,672.8

8,273.6

87.1

-14.5

 

4. Iron & Steel

4,284.2

5,303.1

2,924.2

23.8

-44.9

 

5. Electronic Goods

2,666.2

5,813.2

4,680.8

118.0

-19.5

 

D. Textiles and Textile Products

15,668.5

16,711.7

16,061.3

6.7

-3.9

 

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

3,694.5

3,603.9

2,882.2

-2.5

-20.0

 

2. Natural Silk Yarn, Fabrics Made-ups, etc. (incl. silk waste)

313.0

314.0

251.5

0.3

-19.9

 

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

2,378.8

2,629.4

2,910.9

10.5

10.7

 

4. Manmade Staple Fibre

218.3

225.0

287.5

3.1

27.8

 

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

74.5

86.2

72.0

15.6

-16.4

 

6. Readymade Garments

7,770.0

8,779.0

8,749.8

13.0

-0.3

 

7. Jute & Jute Manufactures

274.9

266.3

177.5

-3.1

-33.3

 

8. Coir & Coir Manufactures

130.8

123.4

133.5

-5.6

8.2

 

9. Carpets

813.7

684.5

596.4

-15.9

-12.9

 

(a) Carpet Handmade

797.9

676.3

588.4

-15.2

-13.0

 

(b) Carpet Millmade

0.0

0.0

0.0

-

-

 

(c) Silk Carpets

15.8

8.2

8.0

-47.9

-3.1

 

E. Gems & Jewellery

16,280.4

24,129.2

22,426.9

48.2

-7.1

 

F. Handicrafts

440.6

271.0

168.0

-38.5

-38.0

III.

Petroleum Products

21,929.4

24,822.7

22,007.8

13.2

-11.3

 

 

(16.8)

(15.5)

(15.4)

 

 

IV.

Others

5,771.8

8,062.3

7,676.7

39.7

-4.8

 

 

(4.4)

(5.0)

(5.4)

 

 

Total Exports

130,657.4

160,438.1

142,764.5

22.8

-11.0

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-January

Percentage Variation

2007-08

2008-09 R

2009-10 P

(3)/(2)

(4)/(3)

1

2

3

4

5

6

I.

OECD Countries

51,651.3

59,160.3

51,758.2

14.5

-12.5

 

A. EU

27,549.2

33,528.9

29,340.3

21.7

-12.5

 

Of which:

 

 

 

 

 

 

1. Belgium

3,346.9

3,872.8

2,967.9

15.7

-23.4

 

2. France

2,062.4

2,518.1

2,949.6

22.1

17.1

 

3. Germany

4,101.2

5,353.3

4,368.7

30.5

-18.4

 

4. Italy

3,157.0

3,267.7

2,724.7

3.5

-16.6

 

5. Netherlands

4,100.4

5,411.2

5,458.4

32.0

0.9

 

6. UK

5,456.2

5,598.9

5,151.1

2.6

-8.0

 

B. North America

18,084.9

19,442.3

16,381.3

7.5

-15.7

 

1. Canada

1,027.2

1,152.4

914.1

12.2

-20.7

 

2. USA

17,057.7

18,289.9

15,467.3

7.2

-15.4

 

C. Asia and Oceania

3,920.4

3,979.4

4,192.3

1.5

5.4

 

Of which:

 

 

 

 

 

 

1. Australia

935.8

1,248.6

1,133.0

33.4

-9.3

 

2. Japan

2,869.1

2,567.4

2,831.5

-10.5

10.3

 

D. Other OECD Countries

2,096.7

2,209.7

1,844.3

5.4

-16.5

 

Of which:

 

 

 

 

 

 

1. Switzerland

476.5

626.8

470.2

31.6

-25.0

II.

OPEC

21,626.2

34,082.4

29,793.8

57.6

-12.6

 

Of which:

 

 

 

 

 

 

1. Indonesia

1,542.8

2,160.4

2,519.7

40.0

16.6

 

2. Iran

1,767.2

2,179.6

1,562.6

23.3

-28.3

 

3. Iraq

188.3

364.6

395.6

93.6

8.5

 

4. Kuwait

531.2

678.3

626.9

27.7

-7.6

 

5. Saudi Arabia

2,759.6

4,452.3

3,210.5

61.3

-27.9

 

6. UAE

12,697.3

21,218.6

18,380.5

67.1

-13.4

III.

Eastern Europe

1,451.0

1,757.4

1,445.7

21.1

-17.7

 

Of which:

 

 

 

 

 

 

1. Russia

735.1

934.7

781.0

27.2

-16.4

IV.

Developing Countries

53,014.3

59,286.5

55,192.8

11.8

-6.9

 

Of which:

 

 

 

 

 

 

A. Asia

39,196.8

43,672.6

41,965.8

11.4

-3.9

 

a) SAARC

7,148.5

7,338.4

6,655.3

2.7

-9.3

 

1. Afghanistan

195.1

325.7

398.4

67.0

22.3

 

2. Bangladesh

1,935.7

2,148.0

1,935.1

11.0

-9.9

 

3. Bhutan

70.6

89.4

92.1

26.6

3.0

 

4. Maldives

72.9

86.5

66.1

18.7

-23.5

 

5. Nepal

1,181.0

1,347.2

1,260.8

14.1

-6.4

 

6. Pakistan

1,470.5

1,191.6

1,229.1

-19.0

3.1

 

7. Sri Lanka

2,222.9

2,150.1

1,673.7

-3.3

-22.2

 

b) Other Asian Developing Countries

32,048.3

36,334.1

35,310.5

13.4

-2.8

 

Of which:

 

 

 

 

 

 

1. People’s Republic of China

7,869.0

7,582.9

8,750.0

-3.6

15.4

 

2. Hong Kong

5,047.8

5,540.7

6,102.7

9.8

10.1

 

3. South Korea

2,212.2

2,746.6

2,803.6

24.2

2.1

 

4. Malaysia

1,873.1

3,145.0

2,383.1

67.9

-24.2

 

5. Singapore

5,544.2

7,353.4

5,939.5

32.6

-19.2

 

6. Thailand

1,425.2

1,692.9

1,403.7

18.8

-17.1

 

B. Africa

9,778.4

10,340.9

8,425.2

5.8

-18.5

 

Of which:

 

 

 

 

 

 

1. Benin

209.7

179.1

173.2

-14.6

-3.3

 

2. Egypt Arab Republic

1,078.0

1,491.6

1,128.5

38.4

-24.3

 

3. Kenya

1,175.0

1,197.5

1,200.3

1.9

0.2

 

4. South Africa

1,978.5

1,749.9

1,701.4

-11.6

-2.8

 

5. Sudan

310.1

407.4

355.7

31.4

-12.7

 

6. Tanzania

457.4

954.5

746.4

108.7

-21.8

 

7. Zambia

114.8

92.6

74.5

-19.3

-19.6

 

C. Latin American Countries

4,039.1

5,273.0

4,801.7

30.5

-8.9

V.

Others

2,746.2

2,312.9

587.1

-15.8

-74.6

VI.

Unspecified

168.4

3,838.6

3,986.9

-

3.9

Total Exports  

130,657.4

160,438.1

142,764.5

22.8

-11.0

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


Statement 5: India’s Imports of Principal Commodities

(US$ million)

Commodity/Group

April-January

Percentage Variation

2007-08

2008-09 R

2009-10 P

(3)/(2)

(4)/(3)

1

2

3

4

5

6

I.

Bulk Imports

90,567.0

127,107.3

101,415.7

40.3

-20.2

 

 

(43.9)

(46.7)

(43.8)

 

 

 

A. Petroleum, Petroleum Products

62,926.0

85,627.9

70,161.3

36.1

-18.1

 

& Related Material

(30.5)

(31.5)

(30.3)

 

 

 

B. Bulk Consumption Goods

3,883.2

4,105.7

7,294.6

5.7

77.7

 

1. Wheat

597.6

0.0

19.4

-

-

 

2. Cereals & Cereal Preparations

37.6

39.2

40.9

4.1

4.3

 

3. Edible Oil

2,164.2

2,863.6

4,506.3

32.3

57.4

 

4. Pulses

1,082.5

1,160.5

1,770.9

7.2

52.6

 

5. Sugar

1.3

42.4

957.2

-

-

 

C. Other Bulk Items

23,757.8

37,373.7

23,959.8

57.3

-35.9

 

1. Fertilisers

4,711.2

13,113.4

6,059.8

178.3

-53.8

 

a) Crude

378.2

928.2

550.7

145.4

-40.7

 

b) Sulphur & Unroasted Iron Pyrites

245.5

655.7

87.9

167.0

-86.6

 

c) Manufactured

4,087.4

11,529.5

5,421.1

182.1

-53.0

 

2. Non-Ferrous Metals

2,847.4

5,470.4

2,460.3

92.1

-55.0

 

3. Paper, Paperboard & Mgfd. incl. Newsprint

1,165.5

1,619.5

1,225.2

39.0

-24.3

 

4. Crude Rubber, incl. Synthetic & Reclaimed

642.5

816.6

802.7

27.1

-1.7

 

5. Pulp & Waste Paper

648.1

711.4

705.8

9.8

-0.8

 

6. Metalliferrous Ores & Metal Scrap

6,411.1

7,170.0

5,974.1

11.8

-16.7

 

7. Iron & Steel

7,332.1

8,472.3

6,731.8

15.6

-20.5

II.

Non-Bulk Imports

115,579.0

144,930.2

130,036.1

25.4

-10.3

 

 

(56.1)

(53.3)

(56.2)

 

 

 

A. Capital Goods

46,540.2

62,973.1

53,551.1

35.3

-15.0

 

1. Manufactures of Metals

2,152.1

2,877.0

1,970.4

33.7

-31.5

 

2. Machine Tools

1,813.9

2,063.9

1,337.1

13.8

-35.2

 

3. Machinery except Electrical & Electronics

15,734.6

18,869.7

15,970.6

19.9

-15.4

 

4. Electrical Machinery except Electronics

2,301.0

3,263.4

2,549.8

41.8

-21.9

 

5. Electronic Goods incl. Computer Software

17,501.0

21,210.0

19,088.4

21.2

-10.0

 

6. Transport Equipments

6,011.3

11,970.2

9,153.1

99.1

-23.5

 

7. Project Goods

1,026.4

2,719.0

3,481.5

164.9

28.0

 

B. Mainly Export-Related Items

17,856.1

27,688.5

24,461.6

55.1

-11.7

 

1. Pearls, Precious & Semi-Precious Stones

7,201.8

14,023.1

12,147.5

94.7

-13.4

 

2. Chemicals, Organic & Inorganic

8,250.0

10,871.3

9,632.8

31.8

-11.4

 

3. Textile Yarn, Fabric, etc.

2,074.8

2,271.5

2,112.7

9.5

-7.0

 

4. Cashewnuts, raw

329.5

522.6

568.5

58.6

8.8

 

C. Others

51,182.6

54,268.5

52,023.4

6.0

-4.1

 

of which :

 

 

 

 

 

 

1. Gold & Silver

15,236.2

21,680.6

22,378.8

42.3

3.2

 

2. Artificial Resins & Plastic Materials

3,032.9

3,370.0

3,991.3

11.1

18.4

 

3. Professional Instruments etc. except electrical

3,145.8

3,745.6

2,941.2

19.1

-21.5

 

4. Coal, Coke & Briquettes etc.

5,259.2

8,823.4

7,376.8

67.8

-16.4

 

5. Medicinal & Pharmaceutical Products

1,378.3

1,559.4

1,733.3

13.1

11.2

 

6. Chemical Materials & Products

1,318.6

1,825.9

1,879.3

38.5

2.9

 

7. Non-Metallic Mineral Manufactures

846.4

1,048.0

882.1

23.8

-15.8

Total Imports

206,146.0

272,037.5

231,451.8

32.0

-14.9

Memo Items

 

 

 

 

 

Non-Oil Imports

143,220.0

186,409.5

161,290.5

30.2

-13.5

Non-Oil Imports excl. Gold & Silver

127,983.7

164,729.0

138,911.6

28.7

-15.7

Mainly Industrial Inputs*

116,867.3

145,348.1

123,254.7

24.4

-15.2

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 – Import

(US$ million)

Group/Country

April-January

Percentage Variation

2007-08

2008-09 R

2009-10 P

(3)/(2)

(4)/(3)

1

2

3

4

5

6

I.

OECD Countries

64,034.0

86,820.5

76,570.0

35.6

-11.8

 

A. EU

28,673.8

37,607.4

31,541.8

31.2

-16.1

 

Of which:

 

 

 

 

 

 

1. Belgium

4,084.1

5,165.5

5,053.3

26.5

-2.2

 

2. France

2,254.9

3,914.8

3,406.4

73.6

-13.0

 

3. Germany

7,751.5

10,497.5

8,521.4

35.4

-18.8

 

4. Italy

3,100.8

3,838.8

3,096.7

23.8

-19.3

 

5. Netherlands

1,637.8

1,681.4

1,616.2

2.7

-3.9

 

6. UK

4,221.8

5,421.1

3,523.7

28.4

-35.0

 

B. North America

12,818.1

18,728.2

16,314.5

46.1

-12.9

 

1. Canada

1,594.9

2,253.9

1,856.1

41.3

-17.6

 

2. USA

11,223.2

16,474.3

14,458.3

46.8

-12.2

 

C. Asia and Oceania

11,955.8

17,040.4

15,803.5

42.5

-7.3

 

Of which:

 

 

 

 

 

 

1. Australia

6,492.2

9,682.4

10,020.6

49.1

3.5

 

2. Japan

5,181.8

6,969.7

5,367.5

34.5

-23.0

 

D. Other OECD Countries

10,586.3

13,444.5

12,910.2

27.0

-4.0

 

Of which:

 

 

 

 

 

 

1. Switzerland

8,292.0

11,125.5

10,829.7

34.2

-2.7

II.

OPEC

61,724.2

89,500.6

73,000.4

45.0

-18.4

 

Of which:

 

 

 

 

 

 

1. Indonesia

3,957.5

5,607.1

6,936.1

41.7

23.7

 

2. Iran

8,863.2

10,821.7

9,361.8

22.1

-13.5

 

3. Iraq

5,028.7

7,346.1

5,965.1

46.1

-18.8

 

4. Kuwait

5,730.6

8,537.7

6,857.1

49.0

-19.7

 

5. Saudi Arabia

15,453.3

17,788.1

13,671.9

15.1

-23.1

 

6. UAE

11,064.1

21,297.4

14,217.9

92.5

-33.2

III.

Eastern Europe

3,340.9

6,028.5

5,190.4

80.4

-13.9

 

Of which:

 

 

 

 

 

 

1. Russia

2,123.9

4,015.8

3,143.6

89.1

-21.7

IV.

Developing Countries

64,923.1

85,663.7

75,154.6

31.9

-12.3

 

Of which:

 

 

 

 

 

 

A. Asia

52,671.0

69,578.4

59,120.4

32.1

-15.0

 

a) SAARC

1,617.8

1,584.3

1,317.1

-2.1

-16.9

 

1. Afghanistan

84.4

106.0

100.5

25.5

-5.2

 

2. Bangladesh

223.5

277.8

206.7

24.3

-25.6

 

3. Bhutan

165.7

129.9

124.4

-21.6

-4.2

 

4. Maldives

3.2

3.5

2.9

9.5

-17.2

 

5. Nepal

516.8

452.2

384.7

-12.5

-14.9

 

6. Pakistan

228.1

325.1

226.3

42.5

-30.4

 

7. Sri Lanka

396.1

289.8

271.6

-26.8

-6.3

 

b) Other Asian Developing Countries

51,053.2

67,994.2

57,803.4

33.2

-15.0

 

Of which:

 

 

 

 

 

 

1. People’s Republic of China

22,583.1

28,492.4

25,174.1

26.2

-11.6

 

2. Hong Kong

2,379.5

5,293.6

3,679.5

122.5

-30.5

 

3. South Korea

4,846.5

7,694.3

6,836.4

58.8

-11.1

 

4. Malaysia

5,056.5

6,513.8

4,081.1

28.8

-37.3

 

5. Singapore

6,304.5

6,709.3

4,933.4

6.4

-26.5

 

6. Thailand

1,918.7

2,340.6

2,328.1

22.0

-0.5

 

B. Africa

7,655.1

11,424.4

10,199.8

49.2

-10.7

 

Of which:

 

 

 

 

 

 

1. Benin

66.6

107.3

117.9

61.2

9.9

 

2. Egypt Arab Republic

1,732.1

1,731.2

1,454.7

-0.1

-16.0

 

3. Kenya

70.2

71.5

59.5

1.8

-16.8

 

4. South Africa

2,920.6

5,088.2

4,738.9

74.2

-6.9

 

5. Sudan

293.0

378.5

333.0

29.1

-12.0

 

6. Tanzania

111.7

134.7

196.0

20.5

45.5

 

7. Zambia

71.0

173.8

96.7

144.9

-44.3

 

C. Latin American Countries

4,597.0

4,660.8

5,834.4

1.4

25.2

V.

Others

11,551.9

2,902.6

695.9

-74.9

-76.0

VI.

Unspecified

571.8

1,121.6

840.4

96.1

-25.1

Total Imports

206,146.0

272,037.5

231,451.8

32.0

-14.9

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, August 2010.

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