{"id":5220,"date":"2019-07-08T05:52:50","date_gmt":"2019-07-08T05:52:50","guid":{"rendered":"https:\/\/www.b2bexportimportacademy.com\/?p=5220"},"modified":"2021-06-22T07:21:43","modified_gmt":"2021-06-22T07:21:43","slug":"indias-export-and-import-trends-2018-19","status":"publish","type":"post","link":"https:\/\/b2bexportimportacademy.com\/blog\/indias-export-and-import-trends-2018-19\/","title":{"rendered":"India\u2019s Export and Import Trends 2020-21"},"content":{"rendered":"

India\u2019s Export and Import Trends 2020-21<\/strong><\/em><\/h1>\n

Monitoring the evolving nature of India\u2019s imports and exports can help investors understand country\u2019s trade patterns and identify opportunities in the domestic market. In this article, India Briefing analyzes India\u2019s latest export and import trends.<\/a><\/em><\/p>\n

In the fiscal year (FY)2018-19, India\u2019s total merchandise exports registered a 9.06 percent growth to hit a new high of US$330 billion, surpassing the earlier peak of US$314 billion clocked in 2013-14 FY.<\/p>\n

India\u2019s total imports grew at a much higher rate at 10.41 percent, amounting to US$514 billion.<\/p>\n

Exports to US, Europe rise, while exports to Asia decline<\/strong><\/h3>\n

The data from the Export Import (EXIM) Bank of India highlights that the exports to North American and European countries have increased. Although the majority of India\u2019s exports continue to go to Asian countries, it has declined in the last five years. Asia\u2019s share in India\u2019s overall exports fell from 48.52 percent in 2014-15 to 47.62 percent in FY2018-19. While North America share increased from 18.16 percent to 19.49 percent, and Europe\u2019s from 15.31 percent to 17.9 in the same period.<\/p>\n

Within Asia, India exported less to West Asia in 2018-19, as compared to 2015-14; the region\u2019s share in India\u2019s exports declined from 19.48 percent in 2014-15 to 15.9 percent in 2018-19. However, the share of exports to ASEAN, South Asia, and North East Asia increased during the same period.<\/p>\n

India\u2019s key exports in FY2018-19 were petroleum products, followed by pearls, precious, semiprecious stones, drug formulations and biologicals, gold and other precious metal jewelry, iron and steel, as well as organic chemicals. Together, these top ten commodities accounted for about 46 percent of India\u2019s total export.<\/p>\n

Pharmaceutical products, automobile, transport equipment, machinery, and readymade garments are also major exports for India.<\/p>\n

Imports from US, Asia surge<\/strong><\/h3>\n

The rising demand for electrical and electronic equipment \u2013 as well as that of mineral fuels, and mineral oils and products in India\u2019s domestic manufacturing market \u2013 has increased the share of India\u2019s overall imports from Asia, particularly from China, Hong Kong, and ASEAN economies.<\/p>\n

In FY2018-19, India imported 59.3 percent of its total imports from Asian trade partners \u2013 this marked an increase of 2.86 percent since FY2014-15. Another 15.8 percent of imports came from Europe and 8.2 percent from exporters in Africa. North America and Latin America supplied 8.1 percent and 4.2 percent of imports to India, respectively.<\/p>\n

The country-wise data shows that China\u2019s share of India\u2019s imports grew from 11.6 per cent in FY2013-14 to 13.7 percent in FY2018-19, while the share of imports from the US grew from 4.9 percent to 6.9 percent in the same period.<\/p>\n

India\u2019s key imports in FY2018-19 were crude oil, followed by gems and jewelry, and gold and silver amounting to US$65 billion, electronic goods, and machinery.<\/p>\n

B2B Export Import Academy is conducting basic as well as advanced programs or courses on Export Import Business Management.<\/a><\/strong><\/p>\n

visit us at<\/strong> B2B Export Import Academy<\/a>.<\/strong><\/p>\n

info@b2bexportimportacademy.com<\/p>\n

(+91)844 844 8987<\/p>\n

www.b2bexportimportacademy.com<\/p>\n

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B2B Export Import Academy is the most genuine export import management course institute having its presence in the various metro cities of India including Delhi, Mumbai, Kolkata, Pune.etc.An ideal import export training in Pune is one that is imparted at the centre or the field without compromising with the practical import export techniques.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

India\u2019s Export and Import Trends 2020-21 Monitoring the evolving nature of India\u2019s imports and exports can help investors understand country\u2019s trade patterns and identify opportunities in the domestic market. 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