Foreign Trade

Foreign Trade

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Recent Trends & Current Scenario of India’s Foreign Trade

Ms. Deepali G. © 2006 By Default!

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Team Members       

Neha Jangid Michelle Rodriguez Jaspal Singh Pritish Nellari Gopal Puri Abhijit Rane Sudhir Patil

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India’s Foreign Trade: February, 2009 A. EXPORTS (including re-exports)  re-exports 

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Exports during February, 2008-09 were valued at US $ 11913 million which was 21.7 % lower than the level of US $ 15221 million during February, 2008. In rupee terms, exports touched Rs. 58685 crores, which was 3% lower than the value of exports during February, 2007-08. Cumulative value of exports for the period April- February, 2008-09 was US$ 156597 million (Rs.705231 crore) as against US$ 145878 million (Rs. 586233) registering a growth of 7.3% in Dollar terms & 20.3% in Rupee terms over the same period last year. 

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Source : http://www.indianstat.com/foreigntrade

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Continued..

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B. IMPORTS   Imports during February, 2008-09 were valued at US $ 16823 million representing a decrease of 23.3% over the level of imports valued at US $ 21934 million in February, 2007-08.  In Rupee terms, imports decreased by 4.9%.  Cumulative value of imports for the period April- February, 2008-09 was US$ 271687 million (Rs. 1223213 crores) as against US$ 228081 million (Rs. 917179 crores) registering a growth of 19.1% in Dollar terms and 33.4% in Rupee terms over the same period last year.  © 2006 By Default!

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Continued…

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C. CRUDE OIL AND NON-OIL IMPORTS:              Oil imports during February, 2008-09 were valued at US $ 4047 million which was 47.5 % lower than oil imports valued at US $ 7713 million in the corresponding period last year.  Oil imports during April- February, 2008-09 were valued at US$ 89684 million which was 26.8 % higher than the oil imports of US$ 70704 million in the corresponding period last year.        Non-oil imports during February, 2008-09 were estimated at US $ 12776 million which was 10.2 % lower than non-oil imports of US$ 14222 million in February, 2007-08.  Non-oil imports during April- February, 2009 were valued at US$ 182003 million which was 15.6 % higher than the level of such imports valued at US$ 157376 million in April- February, 2007-08.       © 2006 By Default!

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Continued…

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D. TRADE BALANCE              The trade deficit for April- February, 200809 was estimated at US $ 115090 million which was higher than the deficit at US $ 82203 million during April- February, 2007-08. 

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Source : http://exim.indiamart.com/foreign-trade-policy

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Source : http://exim.indiamart.com/foreign-trade-policy

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Interim EXIM Policy 2009 - 10 Highlights 

Trade facilitation measures (Supplement to Foreign Trade Policy 04-09) announced on 26th February, 2009.

FTP Benefits Without BRC Additional Benefits Under Promotional Schemes  Gems & Jewellery Sector  Advance Authorization  DEPB Scheme  EPCG Scheme  Premier Trading Houses  Towns Of Export Excellence  Other Facilitation Measures  

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India’s Exports  India

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export data is based on shipping bills filed at Indian customs at the time of export clearance. This data includes:  Date of shipment,  Item Description,  Quantity,  Units,  FOB value,  Foreign port and buyer name & country,  Indian port & Indian Exporter name. © 2006 By Default!

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Major Items of Exports • • • • • • • • • • • • • • •

Live Animals Dairy products Tea, coffee, spices Grains Herbal extracts Tobacco Stone Drugs, dyes & pigments Chemical & fertilizers Leather Cosmetics Rubber items Silk, cotton yarns Sandal Ceramics

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Medicines Iron ores Beverages & liquor Jewellery Gem stones Handicrafts Wooden furniture Engineering products Surgical & laboratory instruments • Readymade garments, etc. • • • • • • • • •

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India Imports  India

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import data is based on Bill of entry at Indian customs at the time of Import clearance. Indian import data includes: Date of clearance Item description Quantity Units CIF value Foreign country exporter name Indian port & Importer name.

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Major Items of Imports • • • • • • • • • •

Palm oils Inorganic chemicals & compounds Organic chemicals Leather chemicals Timber logs Printing paper Types of fibres Steel scraps Tungsten Industrial tools

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Electrical appliances Home appliances Used machines Computer parts & peripherals Mobile phones Toys, etc.

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Contribution of specific goods to the Total Exports of the country © 2006 By Default!

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Source : http://commerce.nic.in/ © 2006 By Default!

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Contribution to total Exports 2007 – 2008.

Source : http://commerce.nic.in/ © 2006 By Default!

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Exports to Romania

Source : http://commerce.nic.in/ & www.ficci.com © 2006 By Default!

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Exports by Principal Commodities

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Continued…( in Dollars)

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Leather Industry © 2006 By Default!

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Industry at a Glance 

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The Indian leather Industry occupies a place of prominence in the Indian economy in view of its substantial export earnings, employment generation and growth. There has been increasing emphasis on its planned development, aimed at optimum utilization of available raw material for maximizing the returns particularly from exports.  The export of leather and leather products increased manifold over the past decades. The export increased from Rs. 290 mn in 1956-57 and from Rs. 30760 mn in 1991-92 to Rs. 140007.33 mn in 2007-08. Today the industry ranks 8th in the export trade in terms of foreign exchange earnings of the country.  India accounts for a share of 2.62% in the global leather trade during 2006. With the exclusion of non-leather footwear, this is slightly higher at 3.41%.

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Continued…. The Indian leather industry is organised as follows: • Tanning & finishing • Footwear & Footwear Components • Leather Garments • Leather Goods (bags, wallets, belts, gloves, accessories) • Saddler and harness articles Major production centres: • Tamil Nadu - Chennai, Ambur, Ranipet, Vaniyambadi, Trichy, Dindigul • West Bengal – Kolkata • Uttar Pradesh – Kanpur, Agra & Noida • Maharashtra - Mumbai • Punjab - Jalandhar • Karnataka – Bangalore • Andhra Pradesh - Hyderabad • Haryana  - Ambala, Gurgaon, Panchkula and Karnal • Delhi.  © 2006 By Default!

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Strengths of Indian leather sector:  Own raw material source – 2 billion sq ft of leather produced annually  Some varieties of goat / calf / sheep skins command premium position  Strong and eco-sustainable tanning base  Modernized manufacturing units  Trained / skilled manpower at competitive wage levels  World-class institutional support for Human Resources Development and R & D activities     Presence of support industries like leather chemicals and finishing auxiliaries   Presence in major markets – Long Europe experience  Preferred sourcing by several international brands – Pierre Cardin, Versace, NEXT, Hugo Boss, Tommy Hilfiger, DKNY, Guess etc  Strategic location in the Asian landmass © 2006 By Default!

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Imports Scenario

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Export scenario for the last 5 years

Source: www.leatherindia.org

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Region wise export performance (2007-2008)

Source: www.leatherindia.org

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% Share of Leather Products in Export Performance (2007-08)

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www.leatherindia.org ©Source: 2006 By Default!

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Country-wise Export Performance (2007-08)

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www.leatherindia.org ©Source: 2006 By Default!

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