Ministry of Commerce & Industry
Increase in Trade Deficit
Posted On:
20 DEC 2017 5:36PM by PIB Delhi
India’s merchandise exports registered a positive growth of 5.17% during 2016-17 over 2015-16 and 12.01% during 2017-18 (Apr-Nov) over 2016-17 (Apr-Nov). Further, India’s merchandise trade deficit has been declining for last two years.
The names of the top 25 countries/SAR with which India has registered favourable trade balance during the last three years are as follows:
|
S. No.
|
2014-15
|
2015-16
|
2016-17
|
|
1
|
U S A
|
U S A
|
U S A
|
|
2
|
Hong Kong
|
U Arab Emts
|
U Arab Emts
|
|
3
|
U Arab Emts
|
Hong Kong
|
Bangladesh PR
|
|
4
|
Sri Lanka DSR
|
Bangladesh PR
|
Hong Kong
|
|
5
|
Bangladesh PR
|
Sri Lanka DSR
|
Nepal
|
|
6
|
U K
|
U K
|
U K
|
|
7
|
Kenya
|
Nepal
|
Vietnam Soc Rep
|
|
8
|
Nepal
|
Turkey
|
Turkey
|
|
9
|
Turkey
|
Kenya
|
Sri Lanka DSR
|
|
10
|
Netherland
|
Netherland
|
Netherland
|
|
11
|
Vietnam Soc Rep
|
Vietnam Soc Rep
|
Singapore
|
|
12
|
Singapore
|
Pakistan IR
|
Kenya
|
|
13
|
Mauritius
|
Spain
|
Spain
|
|
14
|
Mozambique
|
Gibraltar
|
Oman
|
|
15
|
Tanzania Rep
|
Egypt A RP
|
Pakistan IR
|
|
16
|
Pakistan IR
|
France
|
Gibraltar
|
|
17
|
Egypt A RP
|
Mozambique
|
Israel
|
|
18
|
Spain
|
Mauritius
|
Italy
|
|
19
|
Philippines
|
Philippines
|
Philippines
|
|
20
|
Israel
|
Ethiopia
|
Egypt A RP
|
|
21
|
Italy
|
Tanzania Rep
|
Mauritius
|
|
22
|
Ethiopia
|
Israel
|
Tanzania Rep
|
|
23
|
Gibraltar
|
Sudan
|
Ethiopia
|
|
24
|
Oman
|
Mexico
|
Portugal
|
|
25
|
Jordan
|
Uganda
|
Mexico
|
Source: DGCI&S, Kolkata
The names of the sectors in which India has favourable trade balance during the last three years are as follows:
|
S. No.
|
2014-15
|
2015-16
|
2016-17
|
|
1.
|
Textile & Allied Products
|
Textile & Allied Products
|
Textile & Allied Products
|
|
2.
|
Transport Equipments
|
Transport Equipments
|
Marine Products
|
|
3.
|
Agricultural & Allied Products
|
Marine Products
|
Leather & Leather Manufactures
|
|
4.
|
Marine Products
|
Leather & Leather Manufactures
|
Transport Equipments
|
|
5.
|
Leather & Leather Manufactures
|
Agricultural & Allied Products
|
Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware
|
|
6.
|
Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware
|
Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware
|
Agricultural & Allied Products
|
|
7.
|
Plantation
|
Plantation
|
Plantation
|
|
8.
|
Sports Goods
|
Sports Goods
|
Base Metals
|
|
9.
|
--
|
--
|
Office Equipments
|
|
10.
|
--
|
--
|
Sports Goods
|
Source: DGCI&S, Kolkata
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