Foreign Trade : Foreign Trade Recent Trends & Current Scenario of India’s Foreign Trade India’s Foreign Trade: February, 2009 : India’s Foreign Trade: February, 2009 A. EXPORTS (including re-exports)
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. Slide 4: 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. Slide 5: 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. Slide 6: D. TRADE BALANCE
The trade deficit for April- February, 2008-09 was estimated at US $ 115090 million which was higher than the deficit at US $ 82203 million during April- February, 2007-08. Interim EXIM Policy 2009 - 10 Highlights. : Interim EXIM Policy 2009 - 10 Highlights. Trade facilitation measures (Supplement to Foreign Trade Policy 04-09) announced on 26th February, 2009.
Additional Benefits Under Promotional Schemes
Gems & Jewellery Sector
Premier Trading Houses
Towns Of Export Excellence
Other Facilitation Measures India’s Exports : India’s Exports India export data is based on shipping bills filed at Indian customs at the time of export clearance. This data includes:
Date of shipment,
Foreign port and buyer name & country,
Indian port & Indian Exporter name. Major Items of Exports : Major Items of Exports Live Animals
Tea, coffee, spices
Drugs, dyes & pigments
Chemical & fertilizers
Silk, cotton yarns
Beverages & liquor
Surgical & laboratory instruments
Readymade garments, etc. India Imports : India Imports India import data is based on Bill of entry at Indian customs at the time of Import clearance. Indian import data includes:
Date of clearance
Foreign country exporter name
Indian port & Importer name. Slide 13: Major Items of Imports Palm oils
Inorganic chemicals & compounds
Types of fibres
Industrial tools Electrical appliances
Computer parts & peripherals
Toys, etc. Slide 14: Contribution of specific goods to the Total Exports of the country : Contribution to total Exports 2007 – 2008. : Contribution to total Exports 2007 – 2008. Exports to Romania : Exports to Romania Source : http://commerce.nic.in/ & www.ficci.com Exports by Principal Commodities : Exports by Principal Commodities ( in Dollars) : ( in Dollars) Leather Industry : Leather Industry Industry at a Glance : Industry at a Glance 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%. Continued…. : Continued…. The Indian leather industry is organised as follows:
Tanning & finishing
Footwear & Footwear Components
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. Continued… : Continued… 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 Imports Scenario : Imports Scenario Export scenario for the last 5 years : Export scenario for the last 5 years Source: www.leatherindia.org Region wise export performance (2007-2008) : Region wise export performance (2007-2008) Source: www.leatherindia.org % Share of Leather Products in Export Performance (2007-08) : % Share of Leather Products in Export Performance (2007-08) Source: www.leatherindia.org Country-wise Export Performance (2007-08) : Country-wise Export Performance (2007-08) Source: www.leatherindia.org