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.
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NW
(Release ID: 1513395)
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