FOREIGN TRADE IN INDIA2008 -10

ANOOPA NARAYANANROLL NO.4MBA(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 Balance

-13.5 -2.8 -48.8*

* Figures pertain to April –JuneR: Revised P: ProvisionalNote: Figures in parentheses show percentage change over the previous yearsSource: DGCI & S

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

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 manufactures2.4 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 products13.7 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 of Principal Commodities (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 countries24.6 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

India’s Exports to Principal Regions(Percentage Share)

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 products30.8 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 semi precious 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

Group/Country 2006-07 2007-08 2007-08 2008-09

April-March April-February

1 2 3 4 5I. O E C D Countries 34.5

15.32.34.12.27.36.36.45.5

30.22.7

32.225.50.8

34.814.62.53.92.09.18.45.85.2

30.32.1

32.125.50.8

32.714.61.24.02.16.55.66.15.5

31.81.7

33.527.10.9

31.313.51.13.62.16.76.05.95.2

33.22.4

32.626.40.6

E UFranceGermanyU K

North AmericaU S

Asia and OceaniaOther OECD Countries

II. O P E CIII. Eastern EuropeIV. Developing Countries

AsiaS A A R COther Asian

Developing Countries of which: 24.79.43.73.00.5

100.0

24.710.84.12.40.8

100.0

26.211.54.02.40.4

100.0

25.710.74.41.90.4

100.0

People’s Rep. of ChinaAfricaLatin America

V. OthersTotal Imports

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