Foreign Trade and Investment of India
INDIA’S INTERNATIONAL TRADE AND INVESTMENT
AN OVERVIEW
2
India’s International Trade
Towards Increased Global Integration through Trade
Exports Imports Total
India’s Merchandise Trade Turnover increased from US$95 bn in FY02 to
414
CAGR: 24.5% (2002-08)
30.3%
27.8%
US$ 391 bn in FY08 (CAGR of 27.8%) India’s Exports increased from US$44
312 252 195 114 61 53 142 149 112 78 64 84 103 126 163 186 251
bn in FY02 to US$ 163 bn in FY08 (CAGR of 24.5%) India’s Imports increased from US$ 51 bn to US$ 251 bn (CAGR of 30.3%) Share in world merchandise exports in 2007 – 1.04%; Rank – 26th
95 51 44
FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY 2008
Source: Ministry of Commerce & Industry.
3
India’s Export: Shifting Southwards
India’s Export Market FY 2001 (US$44 bn) India’s Export Market FY 2008 (US$163 bn)
Af ri c a
4.1
%
Asia 38.7%
North America 22.4%
Asia 51.7%
Africa 7.1% North America 13.5% LA C 3. 5% Others 0.3%
CIS & Baltics 2.3%
Europe 25.9%
LAC 2.2% Others 4.3%
CIS & Baltics 1.1%
Europe 22.9%
Direction of exports moving towards the Southern countries, particularly Asia. Share of Asia increased from 39% to 52% during 2001 – 2008. Future trade flows to be geared towards the developing nations (buttressed by GOI policies).
4
India’s Major Trading Partners
Top Export Markets (FY 2008, US$ bn)
USA UAE China Singapore UK HK Netherlands Germany Belgium Italy 7.4 6.7 6.3 5.2 5.1 4.2 3.9 10.8 15.6 20.7
Top Import Sources (FY 2008, US$ bn)
China USA Saudi Arabia UAE Iran Germany Switzerland Singapore Australia 13.5 10.9 9.9 9.8 8.1 7.8 7.7 Total Imports: US$ 251 bn 21.0 19.4 27.1
Total Exports: US$ 163 bn
Kuwait
Source: Ministry of Commerce & Industry.
5
India’s Trade Basket
Top Export Items (FY 2008, US$ bn)
Petroleum Prod Gems & Jewellery Machinery & Instr Pharma & Fine Chem RMG Cotton Manuf. of metals Tranport equip Iron ore Cot. yarn & Fabrics Prim &
AN OVERVIEW
2
India’s International Trade
Towards Increased Global Integration through Trade
Exports Imports Total
India’s Merchandise Trade Turnover increased from US$95 bn in FY02 to
414
CAGR: 24.5% (2002-08)
30.3%
27.8%
US$ 391 bn in FY08 (CAGR of 27.8%) India’s Exports increased from US$44
312 252 195 114 61 53 142 149 112 78 64 84 103 126 163 186 251
bn in FY02 to US$ 163 bn in FY08 (CAGR of 24.5%) India’s Imports increased from US$ 51 bn to US$ 251 bn (CAGR of 30.3%) Share in world merchandise exports in 2007 – 1.04%; Rank – 26th
95 51 44
FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY 2008
Source: Ministry of Commerce & Industry.
3
India’s Export: Shifting Southwards
India’s Export Market FY 2001 (US$44 bn) India’s Export Market FY 2008 (US$163 bn)
Af ri c a
4.1
%
Asia 38.7%
North America 22.4%
Asia 51.7%
Africa 7.1% North America 13.5% LA C 3. 5% Others 0.3%
CIS & Baltics 2.3%
Europe 25.9%
LAC 2.2% Others 4.3%
CIS & Baltics 1.1%
Europe 22.9%
Direction of exports moving towards the Southern countries, particularly Asia. Share of Asia increased from 39% to 52% during 2001 – 2008. Future trade flows to be geared towards the developing nations (buttressed by GOI policies).
4
India’s Major Trading Partners
Top Export Markets (FY 2008, US$ bn)
USA UAE China Singapore UK HK Netherlands Germany Belgium Italy 7.4 6.7 6.3 5.2 5.1 4.2 3.9 10.8 15.6 20.7
Top Import Sources (FY 2008, US$ bn)
China USA Saudi Arabia UAE Iran Germany Switzerland Singapore Australia 13.5 10.9 9.9 9.8 8.1 7.8 7.7 Total Imports: US$ 251 bn 21.0 19.4 27.1
Total Exports: US$ 163 bn
Kuwait
Source: Ministry of Commerce & Industry.
5
India’s Trade Basket
Top Export Items (FY 2008, US$ bn)
Petroleum Prod Gems & Jewellery Machinery & Instr Pharma & Fine Chem RMG Cotton Manuf. of metals Tranport equip Iron ore Cot. yarn & Fabrics Prim &