FOREIGN TRADE IN INDIA

2008 -10

ANOOPA NARAYANAN
ROLL NO.4
MBA(IB)
 Table 1: India's Merchandise Trade
(US $ billion)
Items 2006-07 R 2007-08 R 2008-09 R 2009-10 P
Exports 50.30 60.1 16.1 10.7
(27.1) (19.3) (46.8) (-33.2)
Oil Exports* 2.407 4.0 2.8 24.9*
(85.6) (6.2) (33.8) (2.4)*
Non Oil Exports* 16.23 26.0 13.3 128.1*

(12.0) (5.5) (49.8) (7.4)*

Imports 70.23 94.6 24.8 15.7
(20.6) (34.2) (39.7) (-36.6)
Oil Imports 24.41 28.8 8.7 3.6
(44.5) (17.9) (59.3) (-58.5)
Non oil imports 45.81 65.8 16.1 12.1
(10.9) (42.7) (30.9) (-24.6)
Trade Balance 19.92 -34.6 -8.7 -5.0
Oil trade balance -12.3 -6.0 -61.5*
Non Oil trade -13.5 -2.8 -48.8*
Balance

* Figures pertain to April –June

R: Revised P: Provisional
Note: Figures in parentheses show percentage change over the previous years
Source: DGCI & S
 India’s Exports of Principal Commodities (Percentage share)

2006-07 2007-08 2007-08 2008-09

Commodity
April-March April-February

1 2 3 4 5

I. Primary products 15.6 16.9 16.8 15.2

Agriculture and allied products

10.0 11.3 11.2 10.4
Ores and minerals 5.5 5.6 5.5 4.7

II. Manufactured goods 67.2 63.2 63.8 65.9

Leather and manufactures

2.4 2.2 2.2 2.2
Chemicals and Related products 13.7 13.0 12.9 13.4

Engineering goods 23.4 22.9 22.9 26.6

Textiles and textile products
13.7 11.9 12.1 11.6
Gems and jewellery 12.6 12.1 12.4 11.2

III.Petroleum products 14.8 17.4 16.9 16.3

IV. Others 2.4 2.5 2.5 2.6

Total Exports 100.0 100.0 100.0 100.0

Source : DGCI&S
 India’s Exports to Principal Regions
(Percentage Share)
Region 2006-07 2007-08 2007-08 2008-09
April-March April-February
1 2 3 4 5
I. OECD countries 41.2 38.5 39.8 39.3
EU 20.4 20.2 21.3 22.3
North America 15.8 13.5 13.8 12.8
U.S. 14.9 12.7 13.0 12.0
Asia and Oceania 3.4 3.2 3.0 2.7
Other OECD countries 1.6 1.6 1.7 1.5
II. OPEC 16.4 16.4 16.6 19.4
III. Eastern Europe 2.0 2.1 1.1 1.2
IV. Developing countries 40.2 42.7 42.1 39.3
Asia 29.8 31.6 31.3 29.1
SAARC 5.1 5.9 5.7 5.0
Other Asian developing countries
24.6 25.7 25.7 24.1
Africa 7.0 7.7 7.6 6.8
Latin America 3.4 3.4 3.2 3.5
V. Others 0.3 0.4 0.3 0.9
Total Exports 100.0 100.0 100.0 100.0
Source : DGCI&S.
 India’s Imports of Principal Commodities
Commodity 2006-07 2007-08 2007-08 2008-09
(April- March) (April-February)
1 2 3 4 5

I. Petroleum, crude and products

30.8 31.7 32.6 32.8
II. Capital goods 25.3 28.2 24.4 22.0
III. Gold and silver 7.9 7.1 7.6 6.8
IV. Organic and inorganic chemicals
4.2 3.9 4.2 4.3
V. Coal, coke and briquettes, etc.

2.5 2.6 2.7 3.6

VI. Fertilisers 1.7 2.2 2.4 5.1
VII. Metalliferrous ores, metal scrap, etc.

4.5 3.1 3.3 2.9

VIII. Iron and steel 3.5 3.5 3.7 3.3
IX. Pearls, precious and semi­precious stones
4.0 3.2 3.4 4.9
X. Others 19.6 18.7 20.1 19.6
Total Imports 100.0 100.0 100.0 100.0
 Shares of Groups/Countries in India’s Imports
2006-07 2007-08 2007-08 2008-09
Group/Country
April-March April-February
1 2 3 4 5
I. O E C D Countries 34.5 34.8 32.7 31.3
EU 15.3 14.6 14.6 13.5
France 2.3 2.5 1.2 1.1
Germany 4.1 3.9 4.0 3.6
UK 2.2 2.0 2.1 2.1
7.3 9.1 6.5 6.7
North America
6.3 8.4 5.6 6.0
US
6.4 5.8 6.1 5.9
Asia and Oceania 5.5 5.2 5.5 5.2
Other OECD Countries 30.2 30.3 31.8 33.2
II. O P E C 2.7 2.1 1.7 2.4
III. Eastern Europe 32.2 32.1 33.5 32.6
IV. Developing Countries 25.5 25.5 27.1 26.4
Asia 0.8 0.8 0.9 0.6
S AA R C
Other Asian
Developing Countries of which: 24.7 24.7 26.2 25.7
People’s Rep. of China 9.4 10.8 11.5 10.7
Africa 3.7 4.1 4.0 4.4
Latin America 3.0 2.4 2.4 1.9
0.5 0.8 0.4 0.4
V. Others
100.0 100.0 100.0 100.0
Total Imports
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