Ministry of Commerce & Industry

Decline in Trade

Posted On: 20 DEC 2017 5:41PM by PIB Delhi

 

            The details of India’s merchandise export and import 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

2013-14

19,05,011

27,15,434

3,14,416

4,50,214

2014-15

18,96,348

27,37,087

3,10,352

4,48,033

2015-16

17,16,378

24,90,298

2,62,290

3,81,007

2016-17

18,49,429

25,77,666

2,75,852

3,84,356

2016-17(Apr-Nov)

11,74,997

16,30,200

1,75,411

2,43,297

2017-18(Apr-Nov)*

12,67,771

19,13,047

1,96,482

2,96,459

Source: DGCI&S, Kolkata,(*Provisional)

            Out of the major 20 sectors, only three sectors have declining trend in India’s export and three sectors have declining trend in India’s import during the current year 2017-18 (Apr-Oct) as compared to the corresponding period of the previous year, as detailed below:

 

(Value in US$ Million)

Sectors showing declining trend in Export

Sectors

2016-17(Apr-Oct)

2017-18(Apr-Oct)*

% Change

Project Goods

17.05

3.31

-80.59

Office Equipments

63.77

52.67

-17.41

Gems & Jewellery

26,602.43

24,655.45

-7.32

Sectors showing declining trend in Import

Office Equipments

46.23

29.59

-35.99

Transport Equipments

10,145.37

8,133.37

-19.83

Marine Products

56.81

55.15

-2.92

Source: DGCI&S, Kolkata, (* Provisional)

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, cost of credit, logistics costs, etc.

            

*****

NW

 


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