(a) the details of import and export of India in terms of both rupee and US dollar during the last three financial years 2014-15, 2015-16, 2016-17 and 2017-18 respectively and the current financial year; and
(b) the details of the items showing declining trend in both these sectors and the main reasons for slowdown therein?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY
(SHRI C. R. CHAUDHARY)
(a): The values of India’s merchandise exports and imports in terms of both rupee and US dollar during the last four years and the current year are as follows:
Years (Value in Rs. Crores) (Value in US$ million)
Export Import Export Import
2014-15 18,96,445 27,37,087 3,10,352 4,48,033
2015-16 17,16,384 24,90,306 2,62,291 3,81,008
2016-17 18,49,434 25,77,675 2,75,852 3,84,357
2017-18 19,56,515 30,01,033 3,03,526 4,65,581
2017-18 (Apr-Nov) 12,57,811 19,44,355 1,94,935 3,01,308
2018-19 (Apr-Nov)* 15,14,370 24,07,274 2,17,517 3,45,643
Source: DGCI&S, Kolkata,(*Quick estimates)
(b): Out of the major 30 items, 12 items have declining trend in India’s exports and 7 items have declining trend in India’s imports during the current year 2018-19 (Apr-Nov) as compared to the corresponding period of the previous year, as detailed below:
(Value in US$ Million)
Sectors showing declining trend in Export
S. No. Sectors 2017-18(Apr-Nov) 2018-19(Apr-Nov)* % Change
1 Cashew 657.58 435.29 -33.80
2 Coffee 642.75 531.99 -17.23
3 Iron Ore 933.55 787.32 -15.66
4 RMG of all Textiles 11040.58 9976.14 -9.64
5 Marine Products 5232.81 4793.70 -8.39
6 Rice 4960.21 4602.81 -7.21
7 Meat, dairy & poultry products 3117.57 2941.47 -5.65
8 Gems & Jewellery 28025.64 27035.75 -3.53
9 Fruits & Vegetables 1477.06 1439.93 -2.51
10 Tea 545.43 534.94 -1.92
11 Leather & leather products 3512.32 3452.60 -1.70
12 Jute Mfg. incl Floor Covering 224.73 221.97 -1.23
Sectors showing declining trend in Import
1 Pulses 2464.09 664.00 -73.05
2 Cotton Raw & Waste 826.75 481.25 -41.79
3 Transport equipment 14647.41 11480.36 -21.62
4 Pearls, precious & Semi-precious stones 22657.29 17828.32 -21.31
5 Vegetable Oil 8177.64 6790.28 -16.97
6 Metaliferrous ores & other minerals 5712.36 5352.19 -6.31
7 Gold 23198.05 22083.09 -4.81
Source: DGCI&S, Kolkata, (* Quick Estimates)
The main reasons for declining trend of exports/imports include global and domestic factors such as demand and supply in domestic and international markets, currency fluctuations, trade agreements between competing exporting countries with export destination countries, non-tariff barriers by export destination countries, import restrictions by India, cost of credit, logistics costs, etc.
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