an exploratory study of indian foreign trade - JAES | Journal of ...

Commodity
group
Share (per cent)
April-Sep.
CAGR
2000-2001
to Apr-Sep.
2004-
2005
Volume III_Issue3 (5)_Fall2008
Growth rate (per cent) a
April-Sep.
2000-
2001
2005-
2006
2006-
2007
2006-
2007
2007-
2008
2005-
2006
2006-
2007
2006-
2007
2007-
2008
8. Chemicals 5.9 5.7 5.2 5.6 5.2 23.6 23.2 14.1 13.2 19.8
9. Pearls, precious 9.6 6.1 4 4.1 4.2 18.3 -3.1 -18 -32.8 30.6
&semi precious
stones
10. Gold&silver 9.3 7.6 7.9 7.7 10.3 24.5 1.5 29.4 -3.1 71
11. Electronic 7 8.9 8.6 9 8.9 29.9 32.5 20.6 34 26.2
goods
Grand total 100 100 100 100 100 22.2 33.8 24.5 23.5 27.7
Source: Finance Ministry (2008).
Direction of Foreign Trade Export and Import in India
Table 8 and Table 9 show the geographic structure of Indian foreign trade. The direction of
Indian foreign trade has changed in lasts few years. Over the last 60 years, India's foreign trade has
undergone a complete change in terms of composition and direction [Mathur, (2006)]. Traditionally,
EU and USA used to be the major trading partners of India.
Table 8. Geographic Structure of Foreign Trade of India 1995-2001
Direction of Foreign Trade Export and Import
(1995-96 to 2000-01) US $ million)
Group/Country
Exports
Imports
95-96 96-97 97-98 98-99 99-00 00-01 95-96 96-97 97-98 98-99 99-00 00-01
I. OECD
Countries
17705.1 18601.4 19484.9 19264 21106.6 23473.6 19209.2 19456.6 21335.8 21859.7 21364.3 20157.9
A. EU Of which: 8708.3 8655.3 9144.6 8946.6 9382.4 10410.8 10303.2 10624.8 10680.6 10723.8 10967.8 10510.2
1. Belgium 1120.4 1092.7 1215.5 1287.9 1367.7 1470.6 1701.9 2251.7 2668.1 2876.8 3681.3 2870
2. France 747 716.2 759.6 829.7 897.3 1020 840.7 768.1 797.7 719.6 718.2 640.8
3. Germany 1977.4 1893.1 1923.7 1851.9 1738.4 1907.6 3145.1 2831.1 2528.8 2140.7 1841.6 1759.6
4. Italy 1014 933.7 1115.2 1055 1119.8 1308.8 1064.3 987.4 921.7 1088.3 734.6 723.6
5. Netherlands 769 852.4 803.8 763.5 885.8 880.1 570.2 494 445.2 464.2 470.9 437.5
6. UK 2010.8 2046.9 2140.8 1855.4 2034.8 2298.7 1917.7 2134.7 2443.6 2621.4 2706.8 3167.9
B. North America 5825.8 6908.4 7236.1 7672.6 8973.8 9961.6 4242.6 3999.3 4137.8 4025.8 3944.2 3412.1
1. Canada 305.4 353 433.2 473 578.3 656.5 381.2 313.4 420.9 385.6 380.5 397.1
2. USA 5520.4 6555.4 6802.9 7199.6 8395.5 9305.1 3861.4 3685.9 3716.9 3640.2 3563.7 3015
C. Asia and
Oceania of which:
2651.9 2456.9 2408.7 2096.2 2153 2263.6 3551.8 3584.1 3714.2 3999.1 3714.1 2984.3
1. Australia 375.7 385.4 438.3 387.4 403.3 405.9 1021.9 1317.2 1485.6 1445 1081.8 1062.8
2. Japan 2215.6 2005.9 1898.5 1652 1685.4 1794.5 2467.6 2187.4 2144.9 2465.7 2535.8 1842.2
D. Other OECD
Countries Of 519.1 580.7 695.5 548.6 597.4 837.6 1111.6 1248.4 2803.2 3111 2738.2 3251.3
which:
1. Switzerland 281.6 299.9 367.5 319.1 353.7 437.7 1020.5 1127.3 2640.7 2942.4 2597.7 3160.1
II. OPEC of
which:
3080.8 3232.5 3535.1 3560 3902.4 4864.4 7649 10154.1 9419.4 7775.3 12864.6 2711
1. Indonesia 662.4 591.8 437.3 185.3 325.6 399.8 461.1 598.7 731.6 829.1 958.8 910.2
2. Iran 155 195 171.7 159.1 152.1 227 598.2 874.4 633 473.7 1251.3 211.2
3. Iraq 0.6 2.2 11.2 36.3 49.4 84 0 0 185.4 151.2 199.7 6.9
4. Kuwait 135.5 154.7 185.9 164.7 154.3 199.1 1970.1 2404.9 2299.5 1501.1 1912.2 112.7
5. Saudi Arabia 482.3 577.2 690.1 774.3 742.5 822.9 2024.7 2769.7 2508.3 1831.5 3016.5 621.1
6. UAE 1428.3 1476 1692.4 1867.6 2082.7 2597.5 1606.6 1736.1 1780 1721.2 2334.2 659
III. Eastern
Europe of which:
1340 1098.5 1283.3 1052.9 1292.9 1317.8 1673.8 1102.7 1114.6 863.9 994.6 850.2
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