Monthly Bulletin on Foreign trade StatiStiCS Suggestions/feedback may be sent to Dr. P C Mishra, Statistical Advisor by e-mail at [email protected]Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Statistics Division (Data Analytics Unit) April, 2018
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Monthly Bulletin on Foreign trade StatiStiCS
Suggestions/feedback may be sent to Dr. P C Mishra, Statistical Advisor by e-mail at [email protected]
Government of India Ministry of Commerce and Industry
Department of Commerce Directorate General of Foreign Trade
Statistics Division (Data Analytics Unit)
April,
2018
Monthly Bulletin on Foreign Trade April 2018 Page i
Monthly Bulletin on Foreign Trade April 2018 Page ii
Foreign Trade Data Analytics – Highlights
As per the Quick Estimates, India’s merchandise export was US$ 29,109.09 million as compared to US$ 29,301.55 million in March 2017, registering a negative growth of 0.66%.
Total value of export for April- March, 2018 was US$ 3,02,840.00 million as compared to US$ 2,75,851.72 million during the period April- March 2017, registering a positive growth of 9.78%.
As per the Provisional Estimates, the top ten principal commodities of export during April-March 2018, constituting 46 percent of India’s total export, along with percentage share and major destinations are:
1. Petroleum Products (12.33%) - Singapore (16.37%), UAE (11.93%), USA (6.89%) 2. Pearl, Precious, Semiprecious Stones (8.55%) - Hong Kong (39.77%), USA (29.72%), Belgium (8.97%) 3. Drug Formulations, Biologicals (4.26%) - U S A (35.65%), South Africa (3.71%), UK (3.52%) 4. Gold & Other Precious Metal Jewellery (4.24%) – UAE (47.48%), Hong Kong (21.88%), USA (18.09%) 5. Iron and Steel (3.71%) - Italy (9.20%), Nepal (7.83%), Belgium (6.92%) 6. RMG Cotton including Accessories (2.81%) – USA (26.08%), U K (11.84%), UAE (8.15%) 7. Motor Vehicles/Cars (2.79%) - Mexico (19.97%), South Africa (9.00%), USA (7.71%) 8. Marine Products (2.44%) – USA (32.74%), Vietnam (25.31%), Japan (6.14%) 9. Organic Chemicals (2.35%) – China (21.87%), USA (8.82%), Saudi Arab (7.90%)
10. Products of Iron and Steel (2.23%) – USA (23.68%), UAE (6.14%), Germany (5.76%)
As per the Final Estimates at ITC-HS 8 digit level, India’s export of Diamond (Other than Industrial Diamond) Cut or otherwise worked but not mounted or set (ITC- HS 71023910) to USA and UAE has declined by 0.1% and 13% respectively during 2017-18 (April-February) over the corresponding period of the previous year. Hong Kong has the highest share of 43% in India’s total export of diamond (other than industrial diamond) during the current year.
India’s export of High Speed Diesel (ITC- HS 27101930) to Australia was gone down during 2016-17 over 2015-16 while it jumps by 109% during the current year (Apr-Feb 2018) as compared to the corresponding period of previous year. Singapore is the most dominant market of India’s export of high speed diesel. About 26% of the product has been exported to Singapore during the current year.
India’s export of Aviation Turbine Fuel (ITC- HS 27101920) to Australia, USA and UK shows significantly high
positive growth during the current year (Apr-Feb 2018) as compared to the corresponding period of the previous year.
UAE is the most dominant market of India’s export of gold jewellery (ITC- HS 71131910) with 84% of share of
India’s total export of the product. Export of the product to Switzerland, Qatar and UK has registered significant positive growth during the current year.
India’s export of other medicines (ITC- HS 30049099) to USA registered negative growth of 17% during April-
Feb 2018 over the corresponding period of the previous year whereas there is a turnaround in India’s export of this item to South Africa, Zimbabwe and Uganda in the current year from a negative growth of 37%, 64% and 8% respectively in 2016-17 over 2015-16.
India’s export of other shrimps and prawns (ITC- HS 03061790) to China grew by 110% followed by Canada
(65%) during April-Feb 2018 over the corresponding period of the previous year. There is significant change in respect of China PRP and Belgium from negative growth of 23% and 20% respectively in 2016-17 to high positive growth of 110% and 35% respectively in the current year.
India’s export of Basmati Rice (ITC- HS 10063020) to 9 countries out of the top ten registered a fall in 2016-17
over 2015-16, which has been improved significantly in the current year with only 1 country registering a fall. There is a turnaround in export of the product to UK from a negative growth of 29% in 2016-17 to positive growth of 71% during April-February, 2018 over the corresponding period of the previous year.
India’s import of petroleum oils (ITC-HS 27090000) has risen by 25% during April-Feb 2018 as compared to corresponding period of the previous year. After a fall in import from Nigeria, Venezuela, Kuwait and Angola during 2016-17 over 2015-16, import from these sources has increased significantly during the current year. High significant growth has registered in import from Oman during the current year.
Monthly Bulletin on Foreign Trade April 2018 Page iii
India’s import of other Non-Monetary unwrought forms of gold (ITC-HS 71081200) shows a high rise of 34% during the current year. Switzerland is the largest source of import of the product over the years and constitutes the share of 52% in India’s total import of the product.
India’s import of Steam Coal (ITC-HS 27011920) from Indonesia is maximum with a positive growth of 28% during the current year whereas import from USA (229%) and China (7344%) is a turnaround from a negative growth in previous years. Philippines has emerged as new source of market for the product.
India’s import of Liquified Natural Gas (ITC-HS 27111100) has risen by 33% during the current year. Import from Qatar is maximum, which constitutes 51% of India’s total import of the product. Egypt is new source of import of the product.
Turbo-Jets of a Thrust>25 Kn is the new product of India’s export to USA. Diamond Cut (Other Than Industrial Diamond) is most dominant product of India’s export to USA. India’s export of Diamond Cut (Other Than Industrial Diamond) to USA has registered a negative growth during the current year while it was positive during 2016-17 over the period 2015-16.
India’s export of Alumina Calcined to UAE grew by 104% during April-Feb, 2018 over the corresponding period of the previous year. India’s total export to UAE registered a negative growth of 9% during the current year.
Jewellery of gold unset is most dominant product of India’s export to UAE. India’s export to Hong Kong of Jewellery of gold unset has risen to 36% during April-Feb, 2018 over the corresponding period of the previous year.
Diamond Cut (Other Than Industrial Diamond) is most dominant product of India’s export to Hong Kong. High Speed Diesel, Laboratory-Created or Laboratory Grown and others of bars & rods are the new products of India’s export to Hong Kong. After a fall of 69% in 2016-17, export of unset gold Jewellery to Hong Kong has risen to 45% during April-February, 2018 over the corresponding period of the previous year.
Export of Zinc (not Alloyed) to China grew by 757% followed by P-Xylene (603%), Other Petroleum Oils (161%) and Cathodes and Sects of Cathodes (156%) during April-February, 2018 over the corresponding period of the previous year. There was a significant positive growth of 29% in India’s total export to China PRP during April-February, 2018 over the corresponding period of the previous year.
India’s export of Tugs and pusher craft to Singapore registered a fall of 74% during Apr-Feb 2018 over the corresponding period of previous year while it registered a positive growth of 300% during 2016-17 over the period 2015-16. There was a negative growth of 52% in export of fuel oil to Singapore during 2016-17 over 2015-16, which has been changed to positive growth of 73% during the current year. Floating/Submersible Drilling/Production Platforms and Turbo-Jets of a thrust>25 Kn are the new products of India’s export to Singapore.
India’s export to UK registered a fall in 2016-17 over 2015-16, which has been improved significantly in the current year. Turbo-Jets and High speed diesel are the new product of India’s export to UK. Export of Aviation turbine fuel, Turbo-Jets and Air-Craft Engines registered high significant positive growth during April-February, 2018 over the corresponding period of the previous year.
Export of Turbo-Jets of a Thrust>25 Kn to Germany registered the highest positive growth of 1914% during April-Feb 2018 over the corresponding period of the previous year.
After a significant falls in export of products Rice Excptg Parboiled (Excl Basmati Rice) and Rice Parboiled to
Bangladesh during 2016-17 over 2015-16, there is a high significant positive growth of 3175% and 2375% respectively during April- Feb, 2018 over the corresponding period of the previous year.
After a significant fall of 13% in export of Aviation Turbine Fuel to Nepal during 2016-17 over 2015-16, there is a significant positive growth of 50% during April- Feb, 2018 over the corresponding period of the previous year.
Monthly Bulletin on Foreign Trade April 2018 Page iv
CONTENTS Foreign Trade Data Analytics – Highlights ........................................................................................ ii
FOREIGN TRADE DATA ANALYTICS .......................................................................................... 1
Monthly Bulletin on Foreign Trade April 2018 Page 1
FOREIGN TRADE DATA ANALYTICS Introduction
Merchandise foreign trade data are compiled on the basis of flows/movements of goods across the custom frontiers of India by DGCI&S. The value of import is based on CIF, i.e. Cost, Insurance and Freight whereas the value of export is on FOB (Free on Board). The foreign trade statistics are released in three phases:
(i) Monthly Quick Estimates are released by fifteenth of the following month,
(ii) Principal Commodity level data is released within 30 days, and
(iii) Detailed 8-digit commodity level data are released within 60 days.
All these data are provisional and are dynamically revised till it is finalised on the basis of late receipt of data. This Report contains analysis of these three categories of latest available data.
FETERS are used as input in compilation of balance of payments (BoP) for India and released by Reserve Bank of India (RBI) within 45 days. The foreign trade in Services data are compiled from these monthly RBI releases.
A. Quick Estimates of Foreign Trade
The Quick Estimates of Merchandise Foreign Trade are grouped into 30 major commodities.
A.1 India’s Merchandise Trade
In March 2018 India’s merchandise export was US$ 29,109.09 million as compared to US$ 29,301.55 million in March 2017, registering a negative growth of 0.66%. In March 2018 India’s merchandise import was US$ 42,800.89 million as compared to US$ 39,946.67 million in March 2017, registering a positive growth of 7.15%.
Figure 1 depicts the merchandise trade performance for the period April- March 2018 over the corresponding period of the previous year. It shows that total value of export for April- March, 2018 was US$ 3,02,840.00 million as compared to US$ 2,75,851.72 million during the period April- March 2017, registering a positive growth of 9.78%. The total value of import in April- March, 2018 was US$ 4,59,666.53 million as compared to the import of US$ 3,84,355.57 million during the period April- March 2017, registering a positive growth of 19.59%. As a result, trade deficit during April- March 2018 has increased as compared to April- March 2017.
Monthly Bulletin on Foreign Trade April 2018 Page 2
The month-wise merchandise export, import, trade balance since April, 2015 is given in Table 1. The trend of merchandise export, import and trade balance over the months of April-March, 2018 is depicted at Figure 2.
A.2 India’s Services Trade
In February 2018 India’s export was US$ 15,709 million as compared to US$ 13,060 million in February 2017, registering a positive growth of 20.28%. In February 2018 India’s import was US$ 10,143 million as compared to US$ 7,235 million in February 2017, registering a positive growth of 40.19%.
Figure 3 depicts the services trade performance for the period April- February 2018 over the corresponding period of the previous year. It shows that value of export for April- February, 2018 was US$ 1,57,928 million as compared to US$ 1,46,504 million during April- February 2017, registering a
Figure 2: Trend of Merchandise Trade during April, 17 to March, 18
Exports Imports Trade Balance
Monthly Bulletin on Foreign Trade April 2018 Page 3
positive growth of 7.80%. The total value of import in April- February 2018 was US$ 94,932 million as compared to US$ 87,202 million during April- February 2017, registering a positive growth of 8.86%. As a result, trade balance for services during April- February 2018 has improved as compared to April- February 2017.
The month-wise services export, import, trade balance since April, 2015 based on the press releases of RBI is given in Table 2. The trend of services export, import and trade balance over the months of April- February, 2018 is depicted at Figure 4.
A.3 India’s Overall Trade
In February 2018 India’s overall export was US$ 41,740 million as compared to US$ 37,787 million in February 2017, registering a positive growth of 10.46%. In February 2018 India’s overall import was US$ 48,014 million as compared to US$ 41,483 million in February 2017, registering a positive growth of 15.74%.
Figure 4: Trend of Services Trade during April, 17 to February, 18
Exports Imports Trade Balance
Monthly Bulletin on Foreign Trade April 2018 Page 4
Figure 5 depicts the overall trade performance for the period April- February 2018 over the corresponding period of the previous year. It shows that total value of export for April- February, 2018 was US$ 4,32,028 million as compared to US$ 3,93,054 million during April- February 2017, registering a positive growth of 9.92%. The total value of import in April- February 2018 was US$ 5,16,842 million as compared to US$ 4,31,611 million during April- February 2017, registering a positive growth of 19.75%. As a result, overall trade deficit during April- February 2018 has increased as compared to April- February 2017.
The month-wise overall export, import, trade balance since April, 2015 is given in Table 3. The trend of overall export, import and trade balance over the months of April-February 2018 is depicted at Figure 6.
Figure 6: Trend of Overall Trade during April, 17 to February 18
Exports Imports Trade Balance
Monthly Bulletin on Foreign Trade April 2018 Page 5
A.4 Sectoral Analysis of Merchandise Trade Based on Quick Estimates (QE) The month-wise quick estimate of export for 30 major commodities since April, 2017 is given in Table 4 and the total quick estimate of export for April-March 2018 along with percentage change is given in Table 5. The trend of export of 10 major commodities over the months April-March, 2018 is depicted at Figure 7.
The month-wise quick estimate of import for 30 major commodities since April, 2017 is given in Table 6 and the total quick estimate of import for April-March 2018 along with percentage change is given in Table 7. The trend of import of 10 major commodities over the months of April- March, 2018 is depicted in Figure 8.
Figure 7: Trend of Export values of Major Commodities
Engineering Goods Gems And Jewellery
Petroleum Products Organic And Inorganic Chemicals
Drugs And Pharmaceuticals RMG Of All Textiles
Cotton Yarn/Fabs./Madeups, Handloom Products Etc. Rice
Plastic And Linoleum Electronic Goods
Monthly Bulletin on Foreign Trade April 2018 Page 6
B. India’s Merchandise Trade Based on Provisional Estimates (PE) Provisional estimates of merchandise trade data are based on 168 principal commodities and countries.
B.1 Export Scenario
B.1.2 Export by Principal Commodities
During April-March 2018, the highest export of US$ 37,379.40 million was recorded in Petroleum Products which constitute the largest share of 12.33% in India’s total export. The top ten principal commodities of export during April- March 2018 along with percentage share are (i) Petroleum Products (12.33%) (ii) Pearl, Precious, Semiprecious Stones (8.55%), (iii) Drug Formulations, Biologicals (4.26%), (iv) Gold & Other Precious Metal Jewellery (4.24%), (v) Iron and Steel (3.71%), (vi) RMG Cotton Incl Accessories (2.81%), (vii) Motor Vehicle/Cars (2.79%), (viii) Marine Products (2.44%), (ix) Organic Chemicals (2.35%) and (x) Products of Iron & Steel (2.23%) and these top 10 principal commodities together accounted for about 46% of India’s total export.
The value of export of top 40 principal commodities along with the percentage change is given at Table 8.
Figure 9 depicts the percentage change in top ten principal commodities during April- March 2018 as compared to the corresponding period of the previous year. It shows that the highest growth of 47.19%
Monthly Bulletin on Foreign Trade April 2018 Page 7
registered in export of commodity Organic Chemicals among the top ten principal commodities followed by Iron and Steel (29.44%), Marine Products (25.15%), Petroleum Products (18.49%) and Products of Iron and Steel (14.63%).
Three Major Destinations of Export of Top 10 Principal Commodities (Apr-Mar 2018):
Following Table depicts the top three destinations of export of the respective commodity along with the percentage share:
S. No. Principal Commodities Major Destinations
1 Petroleum Products Singapore (16.37%)
U Arab Emts (11.93%)
U S A (6.89%)
2 Pearl, Precs, Semiprecs Stones
Hong Kong (39.77%)
U S A (29.72%)
Belgium (8.97%)
3 Drug Formulations, Biologicals
U S A (35.65%)
South Africa (3.71%)
U K (3.52%)
4 Gold And Other Precs Metl Jwlery
U Arab Emts (47.48%)
Hong Kong (21.88%)
U S A (18.09%)
5 Iron And Steel Italy (9.20%)
Nepal (7.83%)
Belgium (6.92%)
6 RMG Cotton Incl Accessories
U S A (26.08%)
U K (11.84%)
U Arab Emts (8.15%)
7 Motor Vehicle/Cars Mexico (19.97%)
South Africa (9.00%)
U S A (7.71%)
8 Marine Products U S A (32.74%)
Vietnam Soc Rep (25.31%)
Japan (6.14%)
9 Organic Chemicals China P Rp (21.87%)
U S A (8.82%)
Saudi Arab (7.90%)
10 Products Of Iron And Steel
U S A (23.68%)
U Arab Emts (6.14%)
Germany (5.76%)
18.49
4.04 1.91 7.63
29.44
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12.28
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47.19
14.63
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Figure 9: Export of Top 10 Commodities during April 17-March 2018
Apr-Mar, 17 Apr-Mar, 18(P) % Change
Monthly Bulletin on Foreign Trade April 2018 Page 8
B.1.3 India’s Export: Region-wise
India’s export is made to the Regions of (i) Asia, (ii) America, (iii) Africa, (iv) Europe, (v) Commonwealth of Independent States (CIS) & Baltics and (vi) Unspecified Region. The value of India’s export to various Regions during April-March 2018 along with percentage change is given at Table 12.
The percentage share of various Regions in India’s total export during the period of April-March 2018 is given in Figure 10. It shows that Asia Region constitute the highest share of 49.24% in India’s total export followed by America Region with 20.71% during April- March, 2018.
The detailed profile of export to Asia Region is given in the following Table. It reveals that the highest export of US$ 39,503 million was recorded to NE Asia during April-March, 2018 and it constitutes the share of 13.03% followed by West Asia-Gulf Cooperation Council (West Asia-GCC) which constitutes the share of 12.98% in India’s total export.
India’s Export to Asia Region (Value in US$ Million) Asia Region Apr-Mar, 17 % Share Apr-Mar, 18(P) %Share % Change NE Asia 34547.17 12.52 39503.46 13.03 14.35 West Asia- GCC 41768.35 15.14 39371.93 12.98 -5.74 ASEAN 30961.78 11.22 34208.42 11.28 10.49 South Asia 19222.18 6.97 22777.52 7.51 18.50 Other West Asia 7879.16 2.86 9000.73 2.97 14.23 East Asia (Oceania) 3369.00 1.22 4474.42 1.48 32.81 Total Export to Asia Region 1,37,747.64 49.94 1,49,336.49 49.24 8.41
Figure 11 shows the comparative picture of export to various Regions during April- March 2018 over the corresponding period of previous year. It shows that the highest positive growth of 14.38% was registered in export to Region America followed by Europe (13.19%) during April- March, 2018 over the corresponding period of previous year.
Europe 19.89%
Africa 8.20%
America 20.71%
Asia 49.24%
CIS & Baltics 1.00%
Unspecified Region 0.96%
Figure 10 : Region-wise share in India's Export during April-March 2018
Monthly Bulletin on Foreign Trade April 2018 Page 9
B.1.4 Export by Destination
During April-March 2018, the highest export of US$ 47,908 million was recorded to destination USA which constitutes the largest share of 15.80% in India’s total export. The top ten destinations of export during April- March 2018 along with percentage share are (i) USA (15.80%) (ii) UAE (9.28%), (iii) Hong Kong (4.85%), (iv) China PRP (4.40%), (v) Singapore (3.36%), (vi) UK (3.20%), (vii) Germany (2.87%), (viii) Bangladesh PR (2.77%) (ix) Vietnam Soc Republic (2.58%), and (x) Nepal (2.15%) and these top 10 destinations together accounted for about 51% of India’s total export.
The value of export to top 40 destinations along with percentage change is given at Table 10.
Figure 12 depicts the comparative picture of export to top ten destinations during April- March, 2018 over the period of April- March, 2017. It shows that the highest growth of 31.12% was registered in export to China PRP followed by Bangladesh PR (22.96%), Germany (21.05%), Nepal (19.67%), and Vietnam Soc Rep (15.13%) during April- March, 2018.
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Figure 11 : India's Export by Region
Apr-Mar, 17 Apr-Mar, 18(P) % Change
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Figure 12: Top 10 Destinations of Exports during April-March 2018
Apr-Mar, 17 Apr-Mar, 18 (P) % Change
Monthly Bulletin on Foreign Trade April 2018 Page 10
Top Three Major Principal Commodities exported to top ten Destinations (Apr-Mar 2018):
Following Table depicts the top three principal commodities of export of the respective destination along with the percentage share:
S. No. Destinations Major Principal Commodities
1 U S A Pearl, Precs, Semiprecs Stones (16.08%)
Drug Formulations, Biologicals (9.61%)
Petroleum Products (5.37%)
2 U Arab Emts
Gold And Oth Precs Metl Jwlery
(21.71%)
Petroleum Products (15.84%)
Gold (8.23%)
3 Hong Kong Pearl, Precs, Semiprecs Stones (55.33%)
Gold & Oth Precs Metl Jwlery (17.74%)
Petroleum Products (1.84%)
4 China P RP Organic Chemicals (11.69%)
Copper and Products Made of Copper (11.61%)
Petroleum Products (11.31%)
5 Singapore Petroleum Products (59.95%)
Ship, Boat and Floating Struct (6.62%)
Pearl, Precs, Semiprecs Stones (2.82%)
6 U K RMG Cotton Incl Accessories (10.37%)
Gold And Other Precs Metl Jwlery
(5.51%)
Drug Formulations, Biologicals (4.68%)
7 Germany Electric Machinery And
Equipment (10.89%)
RMG Cotton Incl Accessories (7.61%)
Products Of Iron And Steel (4.48%)
8 Bangladesh PR
Rice (Other Than Basmoti) (9.00%)
Cotton Raw Incld. Waste (8.79%)
Cotton Yarn (8.10%)
9 Vietnam Soc Rep
Buffalo Meat (29.23%)
Marine Products (23.94%)
Iron And Steel (7.35%)
10 Nepal Petroleum Products (20.18%)
Iron And Steel (13.49%)
Other Construction Machinery (4.59%)
B.2 Import Scenario
B.2.2 Import by Principal Commodities
During April- March, 2018, the highest import of US$ 87,372 million was recorded for the commodity Petroleum crude which constitutes the largest share of 18.80% in India’s total import. The top ten principal commodities of import during April- March 2018 along with percentage share are (i) Petroleum: Crude (18.80%), (ii) Pearl, Precious, Semiprecious Stones (7.37%), (iii) Gold (7.24%), (iv) Coal, Coke and Briquettes etc (4.93%), (v) Telecom Instruments (4.70%), (vi) Petroleum Products (4.58%), (vii) Organic Chemicals (2.67%), (viii) Vegetable Oils (2.50%), (ix) Plastic Raw Materials (2.30%) and (x) Indl. Machinery for dairy etc. (2.25%) and these top 10 principal commodities together accounted for about 57% of India’s total import.
The value of import of top 40 principal commodities along with percentage change is given at Table 9.
Figure 13 depicts the percentage change in top ten principal commodities during April- March, 2018 over the corresponding period of previous year. It shows that the highest growth of 45.31% was registered in import of commodity Coal, Coke and Briquettes etc among these top ten commodities followed by Pearl, Precious, Semi-precious Stones (43.76%), Telecom Instruments (31.84%), Petroleum Products (30.85%) and Organic Chemicals (25.81%).
Monthly Bulletin on Foreign Trade April 2018 Page 11
Three Major Sources of Import of Top ten Principal Commodities (Apr-Mar 2018):
Following Table depicts the top three sources of import of the respective commodity along with percentage share:
S. No. Principal Commodities Major Sources
1 Petroleum: Crude Iraq (20.08%)
Saudi Arab (17.47%)
Iran (10.28%)
2 Pearl, Precs, Semiprecs Stones Hong Kong (19.09%)
U Arab Emts (14.92%)
Belgium (11.97%)
3 Gold Switzerland (50.99%)
U Arab Emts (10.50%)
Ghana (7.11%)
4 Coal, Coke And Briquittes Etc Australia (37.11%)
Indonesia (27.15%)
South Africa (13.35%)
5 Telecom Instruments China P RP (71.38%)
Korea RP (5.24%)
Vietnam Soc Rep (4.81%)
6 Petroleum Products Qatar (27.93%)
U Arab Emts (13.83%)
Saudi Arab (12.00%)
7 Organic Chemicals China P RP (23.59%)
Singapore (11.60%)
Saudi Arab (10.82%)
8 Vegetable Oils Indonesia (43.08%)
Argentina (17.71%)
Ukraine (15.05%)
9 Plastic Raw Materials Korea RP (12.09%)
China P RP (11.02%)
Saudi Arab (9.30%)
10 Indl. Machinery For Dairy Etc
China P RP (32.60%)
Germany (16.23%)
Japan (9.62%)
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Figure 13 : Imports of Top 10 Commodities during April-March 2018
Apr-Mar, 17 Apr-Mar, 18(P) % Change
Monthly Bulletin on Foreign Trade April 2018 Page 12
B.2.3 India’s Import: Region-wise
India’s import is made from the Regions of (i) Asia, (ii) America, (iii) Africa, (iv) Europe, (v) Commonwealth of Independent States (CIS) & Baltics and (vi) Unspecified Region.
The value of India’s import from various Regions during April- March 2018 along with percentage change is given at Table 13. The percentage share of various Regions in India’s total import during the period of April- March, 2018 is depicted at Figure 14. It shows that the Asia Region constitutes the highest share of 60.14% in India’s total import followed by Europe Region with 14.94% during April- March 2018.
The detailed profile of import from Asia Region is given in the following Table. It reveals that the highest import of US$ 1,18,237 million was recorded from NE Asia during April- March 2018 and it constitutes the share of 25.44 % in India’s total import.
India’s Import from Asia Region (Value in US$ Million)
Asia Region Apr-Feb, 17 % Share Apr-Feb, 18 (P) % Share % Change
NE Asia 95,067.13 24.73 1,18,237.09 25.44 24.37
West Asia- GCC 55,171.91 14.35 64,080.10 13.79 16.15
ASEAN 40,617.31 10.57 47,085.67 10.13 15.93
Other West Asia 25,071.08 6.52 31,996.07 6.89 27.62
East Asia (Oceania) 11,828.22 3.08 14,902.23 3.21 25.99
South Asia 2,813.40 0.73 3,188.21 0.69 13.32
Total Import from Asia Region 2,30,569.05 59.99 2,79,489.37 60.14 21.22
Figure 15 shows the comparative picture of import from various Regions during April- March, 2018 as compared to the corresponding period of previous year. It shows that the highest positive growth of 38.11% was registered in import from Region CIS & Baltics followed by Africa (31.00%) during April- March, 2018 over the corresponding period of previous year. However, the highest import of India is recorded from Region Asia.
Europe 14.94%
Africa 8.13%
America 11.92%
Asia 60.14%
CIS & Baltics 2.77%
Unspecified Region 2.10%
Figure 14: Region-wise share in India's import during April-March 2018
Monthly Bulletin on Foreign Trade April 2018 Page 13
B.2.4 Import from Sources
During April- March 2018, the highest import of US$ 76,271 million was recorded from China PRP which constitutes the largest share of 16.41% in India’s total import. The top ten sources of import during April- March 2018 along with percentage share are (i) China PRP (16.41%) (ii) USA (5.59%), (iii) Saudi Arab (4.75%), (iv) UAE (4.68%), (v) Switzerland (4.07%), (vi) Iraq (3.79%) (vii) Indonesia (3.54%), (viii) Korea RP (3.52%), (ix) Australia (3.01%) and (x) Germany (2.86%) and these top ten sources together accounted for about 52% in India’s total import.
The value of import from top 40 sources along with percentage change is given at Table 11.
Figure 16 depicts the comparative picture of import from top 10 sources during April- March, 2018 over the period of April- March, 2017. It shows that the highest positive growth of 50.46% was registered in import from Iraq followed by Korea RP (30.00%), Australia (25.45%), China PRP (24.46%) and Indonesia (22.42%) during April- March, 2018.
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Figure 15 : India's Import by Region
Apr-Mar, 17 Apr-Mar, 18(P) % Change
Monthly Bulletin on Foreign Trade April 2018 Page 14
Top Three Major Principal Commodities imported from Top ten Sources (Apr-March 2018):
Following Table depicts the top three principal commodities of import of the respective source along with the percentage share:
S. No. Sources Major Principal Commodities imported
1 China P RP Telecom Instruments (20.45%)
Electronics Components (7.21%)
Computer Hardware, Peripherals
(6.59%)
2 U S A Electric Machinery And
Equipme (8.89%)
Gold (8.09%)
Coal,Coke And Briquittes Etc (6.18%)
3 Saudi Arab Petroleum: Crude (69.15%)
Petroleum Products (11.57%)
Organic Chemicals (6.09%)
4 U Arab Emts Petroleum: Crude (28.14%)
Pearl, Precs, Semiprecs Stones
(23.50%)
Gold (16.28%)
5 Switzerland Gold (90.70%)
Indl. Machnry For Dairy Etc (1.21%)
Other Misc. Engineering Items (0.91%)
6 Iraq Petroleum: Crude (99.59%)
Fresh Fruits (0.36%)
Finished Leather (0.03%)
7 Indonesia Coal,Coke And Briquittes Etc (37.84%)
Vegetable Oils (30.49%)
Bulk Minerals And Ores (4.45%)
8 Korea RP Iron And Steel (13.80%)
Gold And Oth Precs Metl Jwlery
(8.59%)
Plastic Raw Materials (7.90%)
9 Australia Coal,Coke And Briquittes Etc (60.73%)
Pulses (6.60%)
Petroleum Products (5.42%)
10 Germany Indl. Machnry For Dairy Etc (12.79%)
Auto Components/Parts (6.14%)
Electric Machinery And Equipment (5.39%)
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Figure 16 : Top 10 Sources of Import during April-March 2018
Apr-Mar, 17 Apr-Mar, 18(P) % Change
Monthly Bulletin on Foreign Trade April 2018 Page 15
C. Analysis based on ITC (HS) 8-digit level Detailed 8 digit commodity level data are released with the time lag of 60 days.
C.1 India’s Merchandise Export at 8-digit ITC (HS) level
The details of top 100 commodities at 8 digit ITC HS code level for the last two years and the current year along with the percentage change are given at Table 14.
The details of export scenario of top ten 8-digit level commodities as per Table 14 in respect of corresponding top ten destinations for the last two years and the current year are as follows:
1. Top ten destinations in respect of ITC HS Code 71023910 (Diamond (Other than Industrial Diamond) Cut or otherwise worked but not mounted or set)
Hong Kong has the highest share of 43% in India’s total export of diamond (other than industrial diamond) during the current year. Export of this product to USA and UAE has declined by 0.1% and 13% respectively during the current year as compared to the corresponding period of the previous year. The above top ten destinations shared about 97% over the years. 2. Top ten destinations in respect of ITC HS Code 27101930 (High Speed Diesel)
Monthly Bulletin on Foreign Trade April 2018 Page 16
Singapore is the most dominant market of India’s export of high speed diesel. About 26% of the product has exported to Singapore during the current year 9Apr-Feb 2018). Export of this product to Australia is gone down during 2016-17 over 2015-16 while it jumps by 109% during the current year as compared to the corresponding period of previous year. 3. Top ten destinations in respect of ITC HS Code 27101219 (Other of light oils and preparations)
After a fall of 13% in India’s export of the product during 2016-17 over 2015-16, it exhibited a rise of 3% during the current year as compared to the corresponding period of the previous year. UAE is the most dominant market of India’s export of the product with 42% of share during the current year. After declining in export of the product to UAE and Malaysia during 2016-17 over 2015-16, it has been changed to positive growth of 30%, and 109% respectively during the current year as compared to the corresponding period of the previous year. 4. Top ten destinations in respect of ITC HS Code 27101920 (Aviation Turbine Fuel)
Monthly Bulletin on Foreign Trade April 2018 Page 17
After a negative growth in exports of Aviation turbine fuel to Australia, USA and UK during 2016-17 over 2015-16, it showed significantly high positive growth during the current year as compared to the corresponding period of the previous year. 5. Top ten destinations in respect of ITC HS Code 71131910 (Jewellery of Gold Unset)
UAE is the most dominant market of India’s export of gold jewellery with 84% of share of India’s total export of the product. The above top ten destinations have almost 100% share in India’s total export of the product during the current year. Export of the product to Switzerland, Qatar and UK has registered significant positive growth during the current year. Out of the top ten countries, only Singapore has negative growth during 2017-18 (April-February) over the corresponding period of the previous year and 7 countries showed negative growth during 2016-17 over 2015-16.
6. Top ten destinations in respect of ITC HS Code 30049099 (Other medicines put up for retail sale N.E.S)
Monthly Bulletin on Foreign Trade April 2018 Page 18
India’s export of other medicines to USA registered negative growth of 17% during April-February, 2017 over the corresponding period of previous year. The highest positive growth of 213% was registered in export of this item to Zimbabwe followed by South Africa (44%) during April-February, 2018 over the corresponding period of previous year. Thus, there is a turnaround in India’s export of this item to South Africa, Zimbabwe and Uganda in the current year from a negative growth of 37%, 64% and 8% respectively in 2016-17 over 2015-16.
Out of the top ten countries, India’s export of other medicines to 6 countries has negative growth during 2017-18 (April-February) over the corresponding period of previous year and 6 countries showed negative growth during 2016-17 over 2015-16.
7. Top ten destinations in respect of ITC- HS Code 03061790 (Other Shrimps and Prawns) (Value in US $ Million)
S. No. Destinations 2015-16 2016-17 % Change Apr-Feb
2017 Apr-
Feb 2018 % Change
1 U S A 998.82 1367.46 36.91 1247.64 1824.52 46.24 2 Vietnam Soc Rep 361.92 721.55 99.37 664.37 1089.39 63.97 3 Japan 279.61 283.68 1.45 263.92 311.64 18.08 4 U K 84.42 108.43 28.45 101.83 138.10 35.63 5 U Arab Emts 82.33 109.77 33.33 96.44 138.06 43.16 6 Belgium 116.31 93.24 -19.84 84.20 113.54 34.85 7 Canada 57.16 69.97 22.42 64.47 106.30 64.89 8 Netherland 86.14 90.25 4.77 83.44 96.77 15.97 9 China P Rp 47.83 36.72 -23.22 32.52 68.21 109.72
10 Russia 18.59 35.69 92.03 33.13 50.16 51.38 Total of Above
India’s export of other shrimps and prawns to China PRP grew by 110% followed by Canada (65%) during April-February, 2018 over the corresponding period of the previous year. There is significant export growth to all the top ten countries during the current year, but there is significant change in respect of China PRP and Belgium from negative growth of 23% and 20% respectively in 2016-17 to high positive growth of 110% and 35% respectively in the current year.
8. Top ten destinations in respect of ITC- HS Code 10063020 (Basmati Rice)
Monthly Bulletin on Foreign Trade April 2018 Page 19
India’s export of Basmati Rice to 9 countries out of top ten registered a fall in 2016-17 over 2015-16, which has been improved significantly in the current year with only 1 country (UAE) registering a fall during April-February, 2018 over the corresponding period of the previous year. After a fall of 29% in 2016-17, export of Basmati Rice to UK has risen to 71% during April-February, 2018 over the corresponding period of the previous year.
9. Top ten destinations in respect of ITC- HS Code 02023000 (Boneless Meat of Bovine animals, Frozen) (Value in US$ Million)
S. No. Destinations 2015-16 2016-17 % Change Apr-Feb 2017 Apr-
Feb 2018 % Change
1 Vietnam Soc Rep 1923.77 1932.76 0.47 1740.14 1957.93 12.52 2 Malaysia 405.21 350.72 -13.45 316.59 332.19 4.93 3 Egypt A Rp 357.72 301.05 -15.84 277.26 245.60 -11.42 4 Iraq 117.36 128.21 9.25 116.96 143.87 23.01 5 Philippines 116.44 100.51 -13.68 91.71 106.23 15.84 6 Saudi Arab 194.90 129.34 -33.64 120.82 88.14 -27.05 7 Indonesia 2.18 228.06 10362.34 211.70 72.65 -65.68 8 U Arab Emts 86.83 79.74 -8.16 71.94 62.37 -13.30 9 Taiwan 6.38 3.30 46.12 1296.78
10 Algeria 114.84 107.00 -6.82 87.04 43.49 -50.03 Total of Above
Share of total export of the commodity to top ten countries has been increasing over the years. With the highest value of export, Vietnam Soc Rep has a positive growth of 13% during April-February, 2018 over the corresponding period of the previous year. Export to Saudi Arab, Egypt A Rp and UAE are declining constantly while Taiwan is the new market for this product.
10. Top ten destinations in respect of ITC- HS Code 71131120 (Silver Jewellery Set With Gems) (Value in US$ Million)
S. No. Destinations 2015-16 2016-17 % Change Apr-Feb 2017 Apr-
Feb 2018 % Change
1 Hong Kong 1519.71 2308.74 51.92 1873.96 1821.66 -2.79 2 U S A 461.08 552.08 19.74 497.84 770.92 54.85 3 U Arab Emts 625.28 857.00 37.06 702.84 503.43 -28.37 4 U K 43.20 38.28 -11.40 35.12 40.07 14.09 5 Germany 10.25 15.55 51.67 14.88 13.05 -12.28 6 Australia 7.00 7.57 8.12 6.97 7.93 13.68 7 Canada 8.84 5.77 -34.70 5.25 5.94 13.28 8 Italy 2.99 7.03 134.94 6.80 5.92 -13.05 9 Thailand 9.94 26.92 170.79 21.38 3.37 -84.24
10 France 2.91 2.96 1.90 2.69 2.98 10.85 Total of Above
Monthly Bulletin on Foreign Trade April 2018 Page 20
Hong Kong is the dominant market of India’s export of silver jewellery with 57% of share of India’s total export of the product during the current year but it registered a negative growth of 3% during the current year. Export of silver jewellery to UAE, Germany, Italy and Thailand increased during 2016-17 over 2015-16, but it has decreased during the current year over the corresponding period of previous year. 11. Top ten destinations in respect of ITC- HS Code 87032291 (Motor Car with Cylinder Capacity>=1000Cc but < 1500Cc with Sprk-Igntn)
India’s export of Motor Car with 1000<CC<1500 to Indonesia and France has been increasing constantly, registering a positive growth of 197% and 104% respectively in the current year. However, export to UK and Italy has registered negative growth of 38% and 14% during April-February, 2018 over the corresponding period of the previous year. Share of export of the product to top ten countries has been increasing over the years.
12. Top ten destinations in respect of ITC- HS Code 27101290 (Other of Light Oils and Preparations) (Value in US$ Million)
S. No. Destinations 2015-16 2016-17 % Change Apr-Feb 2017 Apr-
Feb 2018 % Change
1 U S A 1827.78 1168.01 -36.10 1123.76 972.24 -13.48 2 Japan 325.11 284.15 -12.60 250.47 522.06 108.43 3 China P Rp 316.23 285.51 -9.72 257.94 471.55 82.81 4 Korea Rp 158.24 487.70 208.19 378.27 335.56 -11.29 5 Singapore 133.23 382.75 187.29 347.02 305.94 -11.84 6 Taiwan 177.09 473.93 167.62 444.05 218.18 -50.87 7 Philippines 17.23 55.66 223.08 27.41 143.90 425.00 8 U Arab Emts 86.03 84.22 -2.11 84.22 74.74 -11.26 9 U K 46.92
10 Nepal 1656.96 4.67 9.36 100.52 7.74 -92.30 Total of Above
Monthly Bulletin on Foreign Trade April 2018 Page 21
The data in the above table revealed that UK is new market of India’s export of Other of Light Oils and Preparations. India’s export of this product to Japan, China PRP and Philippines has showed a high positive growth during April-February, 2018 over the corresponding period of the previous year. 13. Top ten destinations in respect of ITC- HS Code 71131930 (Jewellery of gold set with diamond) (Value in US$ Million)
S. No. Destinations 2015-16 2016-17 % Change Apr-Feb 2017 Apr-
Feb 2018 % Change
1 U S A 1311.97 1421.43 8.34 1320.47 1179.95 -10.64 2 Hong Kong 822.60 822.10 -0.06 744.32 669.28 -10.08 3 U Arab Emts 832.40 689.86 -17.12 631.23 490.68 -22.27 4 U K 142.64 136.80 -4.09 125.18 104.66 -16.39 5 Australia 96.79 93.35 -3.56 86.90 91.10 4.83 6 France 35.69 49.32 38.21 44.66 55.56 24.41 7 Qatar 3.19 6.73 110.93 6.64 38.76 483.87 8 Canada 51.65 52.21 1.09 49.11 34.17 -30.43 9 Belgium 34.69 37.64 8.49 34.46 31.79 -7.75
10 Spain 25.06 29.20 16.50 27.09 20.30 -25.05 Total of Above
India’s export of gold jewellery set with diamond has registered a negative growth of 11% during April-February, 2018 over the corresponding period of the previous year. While export to Australia, France and Qatar has a positive growth of 5%, 24% and 484% respectively during the current year. USA has the highest value of India’s export of jewellery of gold set with diamond. 14. Top ten destinations in respect of ITC- HS Code 76011010 (Aluminium Ingots-not alloyed)
There is growth of more than 100% in respect of 3 countries during April-February, 2018 over the corresponding period of the previous year. Only 2 countries Mexico and Taiwan registered fall of 22% and 6% respectively during the same period.
Monthly Bulletin on Foreign Trade April 2018 Page 22
15. Top ten destinations in respect of ITC- HS Code 87089900 (Other Parts &Accessories of Vehicles of Heading 8701 to 8705)
There was negative growth of 4% in total export of the product and also negative growth of 9% in export of the product to top ten countries during 2016-17 over 2015-16, which has been changed to positive growth of 11% and 16% respectively during April-February 2018 over the corresponding period of the previous year. While export to Turkey has been showing a downward trend, export to Vietnam Soc Rep has been showing a significant upward trend.
C.2 India’s Merchandise Import at 8-digit commodity level
The details of import scenario of top ten 8-digit level commodities as per Table 15 in respect of corresponding top ten sources for last two years and the current year are as follows:
1. Top ten sources in respect of ITC-HS Code 27090000 (Petroleum oils and oils obtained from bituminous minerals crude)
(Value in US$ Million) S. No. Sources 2015-16 2016-17 % Change Apr-Feb 17 Apr-Feb 18 % Change
India’s total import of petroleum oils has risen by 25% during April-Feb 2018 as compared to corresponding period of the previous year. After a fall in import from Nigeria, Venezuela, Kuwait and
Monthly Bulletin on Foreign Trade April 2018 Page 23
Angola during 2016-17 over 2015-16, import from these sources has increased significantly during the current year. High significant growth has registered in import from Oman during the current year. Out of top 10 sources, only 1 source have shown a decline growth during the current year as compared to the same period of the previous year. 2. Top ten sources in respect of ITC-HS Code 71081200 (Other Non-Monetary unwrought forms of gold)
(Value in US$ Million) S. No. Sources 2015-16 2016-17 % Change Apr-Feb, 17 Apr-Feb, 18 % Change
1 Switzerland 16,989.11 15,371.63 -9.52 13,173.67 16,171.14 22.75 2 U Arab Emts 3,122.16 3,255.86 4.28 2,770.52 3,299.92 19.11 3 Ghana 2,755.40 1,759.03 -36.16 1,453.95 2,131.11 46.57 4 U S A 2,252.20 1,406.36 -37.56 1,231.46 1,842.47 49.62 5 Peru 464.35 583.96 25.76 495.34 1,555.55 214.04 6 South Africa 1,591.06 1,693.64 6.45 1,345.85 1,271.26 -5.54 7 Bolivia 235.66 169.99 -27.87 141.96 615.53 333.60 8 Hong Kong 19.09 319.38 1,572.77 238.58 585.72 145.51 9 Tanzania Rep 477.68 312.87 -34.50 255.46 512.88 100.77 10 Australia 742.27 297.31 -59.95 269.82 512.79 90.05 Total of Above sources 28,648.98 25,170.03 -12.14 21,376.61 28,498.37 33.32
% Share of above 91.02 92.17 -- 92.41 91.73 -- India’s Total Import of
The data in above table shows that after a fall of 13% in India’s total import of other Non-Monetary unwrought forms of gold during 2016-17 over 2015-16, a high rise of 34% was recorded in import during the current year. Switzerland is the largest source of import of the product over the years and constitutes the share of 52% in India’s total import of the product. Import from 9 sources has increased during April-Feb 18 as compared to the corresponding period of previous year. 3. Top ten sources in respect of ITC-HS Code 71023100 (Non-Industrial Diamonds unworked/simply sawn cleaved or bruted)
India’s total import of non-industrial diamonds has increased by 20% during the current year as compared to the corresponding period of the previous year. The share of top 10 sources of import of the product has increased over the years.
Monthly Bulletin on Foreign Trade April 2018 Page 24
4. Top ten sources in respect of ITC-HS Code 27011920 (Steam coal)
Indonesia is the largest source of import followed by South Africa of Steam coal over the years. Except 4 countries (Russia, Colombia, Chile and Philippines), import from remaining sources has registered high positive growth during April- February, 2018 over the corresponding period of the previous year. There was positive growth of 40% in total import of the product as well as growth of import from the top ten countries at 40% during April- February, 2018 over the corresponding period of the previous year. Philippines is a new source of market for the Steam coal.
5. Top ten sources in respect of ITC-HS Code 71023910 (Diamond (Other than Industrial Diamond) Cut or otherwise worked but not mounted or set)
(Value in US$ Million) S. No. Sources 2015-16 2016-17 % Change Apr-Feb 2017 Apr-Feb 2018 % Change
1 Unspecified 5.74 78.79 1,273.76 2.99 6,650.38 2,22,685.99 2 Hong Kong 1,293.96 1,143.42 -11.63 995.67 820.91 -17.55 3 U Arab Emts 559.33 543.94 -2.75 487.97 411.34 -15.70 4 U S A 425.39 333.61 -21.57 308.27 256.38 -16.83 5 Belgium 218.80 183.98 -15.91 163.67 185.73 13.48 6 Israel 106.71 71.07 -33.40 62.72 53.03 -15.46 7 Japan 20.25 11.98 -40.83 10.86 12.51 15.15 8 Russia 17.97 24.05 33.82 23.61 12.25 -48.13 9 Switzerland 7.37 8.47 14.97 7.99 7.88 -1.36
10 Spain 2.32 5.14 121.16 4.98 5.88 18.15
Total of Above sources 2,657.84 2,404.45 -9.53 2,068.73 8,416.29 306.83 % Share of above 97.95 98.45 -- 98.43 99.72 --
India’s Total Import of 71023910 2,713.59 2,442.31 -10.00 2,101.72 8,439.70 301.56
The data in the above table revealed that the highest import of diamond (other than industrial diamond) is from unspecified sources which are 79% of India’s total import of the product. The unspecified sources have registered very high positive growth of import of this product during April- February, 2018
Monthly Bulletin on Foreign Trade April 2018 Page 25
over the corresponding period of the previous year. While import from traditional markets Hong Kong, UAE, USA, Israel, Russia and Switzerland have declined during April-February, 2018 over the corresponding period of the previous year. 6. Top ten sources in respect of ITC-HS Code 27011910 (Coking coal)
(Value in US$ Million) S. No. Sources 2015-16 2016-17 % Change Apr-Feb 17 Apr-Feb 18 % Change
1 Australia 3,782.72 5,350.49 41.45 4,779.47 6,194.44 29.61 2 U S A 130.46 179.56 37.64 117.26 609.09 419.41 3 Canada 128.17 353.60 175.89 329.10 584.50 77.60 4 Mozambique 172.14 141.51 -17.79 118.16 415.72 251.83 5 Indonesia 12.88 178.02 6 New Zealand 63.26 65.84 4.07 57.83 89.11 54.09 7 Russia 0.48 34.32 7,069.93 33.33 50.29 50.90 8 China P Rp 46.28 9 Austria 4.68
10 South Africa 26.74 7.31 -72.68 7.31 1.11 -84.87 Total of Above sources 4,316.85 6,132.63 42.06 5,442.46 8,173.24 50.18
% Share of above 99.70 99.91 -- 99.91 99.99 -- India’s Total Import of
Australia is the largest source of import of Coking coal over the years. Out of the top ten source countries, import from 9 countries except South Africa registered high growth during the current year. China PRP and Austria are the new source of market for the product.
7. Top ten sources in respect of ITC-HS Code 27111100 (Liquified Natural Gas) (Value in US$ Million)
The share of top 10 sources of import of Liquified natural gas in India’s total import of the product has increased over the years. India’s import of the product has rise by 33% during the current year. Qatar has the highest value of import of the product and it constitutes 51% of India’s total import of the product. Egypt A RP and France are new source of import of the product.
Monthly Bulletin on Foreign Trade April 2018 Page 26
8. Top ten sources in respect of ITC-HS Code 85177090 (Other parts of Telephonc/Telegrphic Apparts)
China PRP is the largest source of import for the product over the years. Import from Philippines and Thailand has registered high positive growth during April- February, 2018 over the corresponding period of the previous year. There was positive growth of 15% in total import of the product as well as growth of import from the top ten countries at 17% during April- February, 2018 over the corresponding period of the previous year.
9. Sources in respect of ITC-HS Code 15111000 (Crude Palm Oil and its Fractions) (Value in US$ Million)
S. No. Sources 2015-16 2016-17 % Change Apr-Feb 2017 Apr-
Thailand is new source of market for this product while the traditional market of Malaysia has registered a fall of 19% during April-February, 2018 over the corresponding period of previous year. Import of the product from Papua New Guinea, Philippines and Indonesia has increased to 84%, 37% and 40% during April-February, 2018 over the corresponding period of previous year.
Monthly Bulletin on Foreign Trade April 2018 Page 27
10. Top ten sources in respect of ITC-HS Code 85177010 (Popltd, Loaded or Stuffed Prntd Crcuit Brds)
There was high positive growth in total import of the product as well as import of the top ten countries during April-February, 2018 over the corresponding period of the previous year. Import from Mexico and Malaysia has decreased by 58% and 40% respectively during April-February, 2018 over the corresponding period of the previous year.
11. Top ten sources in respect of ITC-HS Code 26030000 (Copper Ores and Concentrates) (Value in US $ Million)
S. No. Sources 2015-16 2016-17 % Change Apr-Feb 2017 Apr-
Feb 2018 % Change
1 Chile 1,621.02 911.13 -43.79 882.09 1,575.67 78.63 2 Indonesia 640.18 608.40 -4.96 608.40 724.17 19.03 3 Peru 181.98 345.92 90.09 345.92 513.27 48.38 4 Brazil 259.64 124.82 -51.93 124.82 346.99 177.99 5 Australia 431.02 354.40 -17.78 303.88 304.49 0.20 6 Canada 305.15 65.31 -78.60 65.31 242.73 271.66 7 Congo D. Rep. 42.60 37.49 99.25 164.76 8 Saudi Arab 20.32 72.53 256.98 58.54 94.47 61.39 9 Papua N Gna 39.40 11.79 -70.07 11.79 48.77 313.55
10 Lao Pd RP 55.12 81.69 48.20 52.43 26.70 -49.08 Total of Above sources 3,553.83 2,618.59 -26.32 2,490.67 3,976.51 59.66
% Share of above 88.01 96.06 -- 95.87 99.54 -- India’s Total Import of
Out of the top ten source countries, import from 9 countries except Lao Pd Republic registered high growth during the current year. The total import of the product from the top 10 source countries registered a high positive growth of 60% during April-February, 2018 over the corresponding period of the previous year.
Monthly Bulletin on Foreign Trade April 2018 Page 28
12. Top ten sources in respect of ITC-HS Code 85414011 (Solar cells/photovoltaic cells whether or not assembled in module/panel)
Import from Germany has registered a negative growth during 2016-17 over 2015-16 while it exhibited a high significant positive growth during April-February, 2018 over the corresponding period of the previous year. China PRP is the single most source of import over the years. Switzerland is the new source of market for this product.
13. Top ten sources in respect of ITC-HS Code 88024000 (Aeroplanes and other aircraft, of an unladen weight exceeding 15000 Kg)
Oman, Ireland, Sri Lanka and Brazil are new sources of market for import of the Aeroplanes and other Aircrafts during the current year. Import from traditional markets France, Germany and Canada have registered positive growth of 6%, 5% and 45% respectively during April-February, 2018 over the corresponding period of the previous year while import of the product from USA and Saudi Arab has declined by 82% and 73% respectively during the same period.
Monthly Bulletin on Foreign Trade April 2018 Page 29
14. Top ten sources in respect of ITC-HS Code 85176290 (Other of machines for the reception, conversion and transmission or regeneration of voice, images or other data, including swift)
Except Malaysia, import of the product from remaining countries registered positive growth with overall growth of top ten countries as 69% during April-February, 2018 over the corresponding period of the previous year.
15. Top ten sources in respect of ITC-HS Code 71069100 (Unwrought Silver) (Value in US $ Million)
S. No. Sources 2015-16 2016-17 % Change Apr-Feb 2017 Apr-
Feb 2018 % Change
1 Hong Kong 124.93 459.47 267.79 371.90 1288.50 246.46 2 U K 1086.81 111.23 -89.77 108.35 477.66 340.86 3 Russia 341.31 171.63 -49.72 147.45 330.64 124.23 4 China P Rp 352.50 402.44 14.17 356.71 300.10 -15.87 5 Uzbekistan 65.24 6 Netherland 10.51 5.50 -47.64 5.50 49.67 802.46 7 Australia 110.64 49.53 8 Germany 124.36 50.09 -59.72 49.40 37.28 -24.54 9 Switzerland 454.15 82.31 -81.88 81.18 32.14 -60.41
10 Singapore 3.09 26.59 760.81 14.21 25.00 75.99 Total of Above sources 2608.30 1309.26 -49.80 1134.70 2655.76 134.05
% Share of above 75.92 79.84 -- 78.23 96.85 -- India’s Total Import of
The above data reveals a high significant growth of 89% in India’s total import of unwrought silver during the current year as compared to corresponding period of the previous year while the import was decreased by 52% during 2016-17 over 2015-16. Hong Kong has the highest share of 47% in total import of the product during the current year. Uzbekistan is new source of import for the product. Import from UK, Russia and Netherland has also rise during the current year after a fall of 90%, 50% and 48% respectively during 2016-17 over 2015-16.
Monthly Bulletin on Foreign Trade April 2018 Page 30
D. Analysis based on Markets for 8 digit ITC (HS) level
D.1 India’s Merchandise Export by Destination at 8-digit ITC (HS) level
The details of top 100 destinations at 8 digit ITC HS code level for the last two years and the current year along with the percentage change are given at Table 16.
The details of export scenario of top ten destinations as per Table 16 in respect of corresponding top fifteen 8-digit level commodities for the last two years and the current year are as follows:
1. Top fifteen 8-digit level products in respect of destination USA (Value in US$ Million)
S. No. HS Code Description 2015-16 2016-17 %
Change Apr-
Feb 2017 Apr-
Feb 2018 %
Change
1 71023910 Diamond(Othr Thn Indstrl Diamond)Cut Or Otherwise Worked But Not Mounted Or Set
6518.37 7361.36 12.93 6828.80 6824.00 -0.07
2 03061790 Other Shrimps And Prawns 998.82 1367.46 36.91 1247.64 1824.52 46.24
3 30049099 Other Medcne Put Up For Retail Sale N.E.S 2267.08 2230.22 -1.63 2054.36 1704.78 -17.02
4 71131930 Jewellery Of Gold Set With Diamond 1311.97 1421.43 8.34 1320.47 1179.95 -10.64
5 27101290 Other 1827.78 1168.01 -36.10 1123.76 972.24 -13.48
6 71131120 Silver Jewellery Set With Gems 461.08 552.08 19.74 497.84 770.92 54.85
7 63026090
Toilet Linen And Kitchen Linen, Of Terry Towelling Or Similar Terry Fabrics, Of Cotton, Other Than Handloom
14 84111200 Turbo-Jets Of A Thrust>25 Kn 109.24 41.55 355.06 754.61
15 87032391 Motor Car Wth Cylndr Cpcty>=1500cc But <3000cc Wth Sprk-Igntn
0.15 0.60 295.03 0.49 305.47 62508.71
Total of Above commodities 15966.21 16984.78 6.38 15544.65 17290.94 11.23
% Share of Above to India’s Export to USA 39.58 40.24 -- 40.67 40.20 -- India’s Export to USA 40,335.82 42,212.27 4.65 38,225.38 43,013.46 12.53
Diamond Cut (Other Than Industrial Diamond) is most dominant product of India’s export to USA. India’s export of Diamond Cut (Other Than Industrial Diamond) to USA has registered a negative growth during the current year while it was positive during 2016-17 over the period 2015-16. Turbo-Jets is the new product of India’s export to USA. The overall India’s export to USA registered a positive growth of 12.53% during April-February, 2018 over the corresponding period of previous year.
Out of the top 15 products, India’s export to USA for 6 products has negative growth during 2017-18 (April-February) over the corresponding period of previous year and 5 commodities showed negative growth during 2016-17 over 2015-16.
Monthly Bulletin on Foreign Trade April 2018 Page 31
2. Top fifteen 8-digit level products in respect of destination UAE (Value in US $ Million) S.
Total Of Above Commodities 17066.92 18125.82 6.20 16252.33 14612.88 -10.09 % Share Of Above To India’s Export To UAE 56.35 58.14 -- 58.19 57.46 --
India’s Export To UAE 30290.01 31175.50 2.92 27930.19 25433.46 -8.94
Unset Gold Jewellery is most dominant product of India’s export to UAE. India’s export of Alumina Calcined to UAE grew by 104% during April-February, 2018 over the corresponding period of the previous year. India’s export to UAE of the product Silver Jewellery set with gems showed a negative growth of 28% during the current year while it registered a positive growth of 37% during 2016-17 over the period 2015-16. India’s total export to UAE as well as export of top 15 products to UAE registered a negative growth of 9% and 10% respectively during April-February, 2018 over the corresponding period of the previous year.
3. Top fifteen 8-digit level products in respect of destination Hong Kong
(Value in US$ Million) S.
No. HS Code Description 2015-16 2016-17 % Change
Apr-Feb 2017
Apr-Feb 2018
% Change
1 71023910 Diamond(Othr Thn Indstrl Diamond)Cut Or Otherwise Worked But Not Mounted Or Set
7759.13 9075.17 16.96 8393.89 9163.45 9.17
2 71131120 Silver Jewellery Set With Gems 1519.71 2308.74 51.92 1873.96 1821.66 -2.79
3 71131930 Jewellery Of Gold Set With Diamond 822.60 822.10 -0.06 744.32 669.28 -10.08
4 27101930 High Speed Diesel (Hsd) 24.34 24.34 155.36 538.20
9 71049010 Laboratory-Created Or Laboratory Grown Or Manmade Or Cultured Or Synthetic Diamonds
93.74
Monthly Bulletin on Foreign Trade April 2018 Page 32
10 71023100 Non-Industrial Diamonds Unworked/Simply Sawn Cleaved Or Bruted
87.79 77.17 -12.10 67.44 76.26 13.08
11 71039990 Other Stone Cut(Topaz Aquamarine Etc) 82.43 60.06 -27.14 55.23 71.17 28.85
12 71131940 Jewellery Of Gold Set With Precious And Semi Precious Stones Other Than Diamonds
48.38 46.16 -4.59 44.61 68.95 54.56
13 85176290 Other 26.77 50.58 88.94 47.28 59.67 26.20
14 41071100 Lreather Further Of Bovin Full Grains- Unsplit Of Whole Hides/Skins
45.28 40.84 -9.81 37.17 59.12 59.05
15 41131000 Leather Further Of Goats/Kids 87.23 76.34 -12.48 70.01 52.09 -25.60 Total of Above Commodities 10931.43 12925.51 18.24 11661.70 12742.25 9.27
% Share of Above To India’s Export To Hong Kong 90.40 92.01 -- 92.07 92.89 -- India’s Export To Hong Kong 12092.21 14047.24 16.17 12666.31 13717.31 8.30
Diamond Cut (Other Than Industrial Diamond) is most dominant product of India’s export to Hong Kong. High Speed Diesel, Laboratory-Created or Laboratory Grown and others of bars & rods are the new products of India’s export to Hong Kong. After a fall of 69% in 2016-17, export of unset gold Jewellery to Hong Kong has risen to 45% during April-February, 2018 over the corresponding period of the previous year.
4. Top fifteen 8-digit level products in respect of destination China PRP (Value in US$ Million) S.
No. HS Code Description 2015-16 2016-17 % Change
Apr-Feb 2017
Apr-Feb 2018
% Change
1 74031100 Cathods And Sectns Of Cathods Of Refind Cop 1128.47 665.16 -41.06 525.95 1343.83 155.51
15 26011142 55% Fe Or More But Below 58% Fe 112.19 509.35 354.02 436.85 135.18 -69.06
Total Of Above Commodities 3668.24 4426.09 20.66 3816.08 5969.37 56.43 % Share Of Above To India’s Export To China PRP 40.71 43.52 -- 42.63 51.74 --
India’s Export To China PRP 9010.35 10171.18 12.88 8952.46 11536.90 28.87
Export of Zinc, Not Alloyed to China PRP grew by 757% followed by P-Xylene (603%), Other Petroleum Oils (161%) and Cathodes and Sects of Cathodes (156%) during April-February, 2018 over the corresponding period of the previous year. Share of total export of top 15 products has increased during the current year. There was a significant positive growth in India’s total export to China PRP and
Monthly Bulletin on Foreign Trade April 2018 Page 33
export of top 15 products to the country of 29% and 56% respectively during April-February, 2018 over the corresponding period of the previous year.
5. Top fifteen 8-digit level products in respect of destination Singapore (Value in US$ Million)
13 84111200 Turbo-Jets Of A Thrust>25 Kn 7.44 7.23 133.06 1740.35
14 29332990 Other Compnds Cntng An Unfused Imidazole Ring (W/N Hydrgntd ) In Structure
1.02 0.77 -24.63 0.67 101.74 15141.27
15 89040000 Tugs And Pusher Craft 88.29 352.82 299.61 331.77 85.20 -74.32 Total Of Above Commodities 3782.26 6908.57 82.66 6133.03 6617.67 7.90
% Share Of Above To India’s Export To Singapore 48.99 72.23 -- 72.77 73.74 -- India’s Export To Singapore 7719.81 9564.58 23.90 8427.78 8973.91 6.48
India’s export of Tugs and pusher craft to Singapore registered a fall of 74% during Apr-February 2018 over the corresponding period of previous year while it registered a positive growth of 300% during 2016-17 over the period 2015-16. There was a negative growth of 52% in export of fuel oil to Singapore during 2016-17 over 2015-16, which has been changed to positive growth of 73% during the current year. Floating/Submersible Drilling/Production Platforms and Turbo-Jets of a thrust>25 Kn are the new products of India’s export to Singapore.
6. Top fifteen 8-digit level products in respect of destination UK (Value in US$ Million)
S. No. HS Code Description 2015-16 2016-17 % Change Apr-
Total Of Above Commodities 1425.03 1512.84 6.16 1335.92 2241.43 67.78 % Share Of Above To India’s Export To UK 16.14 17.74 -- 17.39 25.46 --
India’s Export To UK 8828.71 8530.07 -3.38 7683.28 8804.18 14.59 India’s export to UK registered a fall in 2016-17 over 2015-16, which has been improved significantly in the current year. Turbo-Jets and High speed diesel are the new product of India’s export to UK. Export of Aviation turbine fuel, Turbo-Jets and Air-Craft Engines registered high significant positive growth during April-February, 2018 over the corresponding period of the previous year. While the export of other Parts of Aeroplanes/Helicopters, Babies Garments and Motor Car with Cylinder Capacity shows downward trend.
7. Top fifteen 8-digit level products in respect of destination Germany (Value in US$ Million)
S. No. HS Code Description 2015-16 2016-
17 %
Change Apr-
Feb 2017 Apr-
Feb 2018 % Change
1 84111200 Turbo-Jets Of A Thrust>25 Kn 56.34 28.96 583.34 1914.23
2 88033000 Other Parts Of Aeroplanes/Helicopters 127.73 138.96 8.80 128.16 228.59 78.36
13 42023120 Wallets And Purses Of Leather 58.85 61.26 4.09 56.39 56.76 0.66
14 62052000 Mens Or Boys Shirts Of Cotton 76.57 68.33 -10.77 62.45 53.09 -14.99
15 94036000 Other Wooden Furniture 49.65 48.77 -1.78 43.41 51.63 18.94 Total Of Above Commodities 948.73 1130.34 19.14 1001.30 1824.46 82.21
% Share Of Above To India’s Export To Germany 13.38 15.74 -- 15.54 23.33 -- India’s Export To Germany 7092.89 7181.61 1.25 6445.12 7820.39 21.34
Export of Turbo-Jets of a Thrust>25 Kn to Germany has highest positive growth during April-February 2018 over the corresponding period of the previous year. Except 2 products, export of remaining 13 products out of top 15 products registered a positive growth during April-February 2018 over the corresponding period of the previous year. Turbo-Jets of a Thrust>25 Kn and new matic tyres of kind used on agricultural or forestry vehicles and machines are new products of export to Germany.
8. Top fifteen 8-digit level products in respect of destination Bangladesh PR
Monthly Bulletin on Foreign Trade April 2018 Page 35
(Value in US$ Million) S.
No. HS Code Description 2015-16 2016-17 % Change
Apr-Feb 2017
Apr-Feb 2018
% Change
1 52010015 Indian Cotton Of Staple Length 28.5mm (1.4/32) And Above But Below 34.5mm
After a significant fall in export of Rice except Parboiled and Rice Parboiled to Bangladesh PR during 2016-17 over 2015-16, it registered a high significant positive growth during April- February, 2018 over the corresponding period of the previous year.
9. Top fifteen 8-digit level products in respect of destination Vietnam Soc Republic (Value in US $ Million)
The data in the above table revealed that (i) Strips of flat-rolled products in coils of a Thickness< 3 Mm hot-Rolled, Excl. pickle, (ii) Sheets of flat-rolled products in coils of a Thickness< 3 Mm hot-rolled, Excl. pickle and (iii) Cuttle fish frozen are new products of export to Vietnam Soc Republic during April-February 2018 over the corresponding period of previous year. Except 1 product, export of remaining 14 products out of top 15 products registered a positive growth during April-February 2018 over the corresponding period of the previous year.
10. Top fifteen 8-digit level products in respect of destination Nepal (Value in US$ Million)
11 84295900 Other Mchncl Shovls,Excvtrs And Shovl Loadrs 25.46 61.53 141.73 56.31 70.26 24.78
12 72139110 Other Bars And Rods Of Free Cuting Steel Electrode Quality 21.73 32.89 51.36 30.86 66.73 116.24
13 27160000 Electrical Energy 85.73 103.70 20.96 91.60 63.31 -30.88
14 72091820 Sheets Of Flt Rld Prdcts In Coils Nt Frthrwrkd Thn Cold Rld Of Thckns < 0.5mm
60.30 41.74 -30.79 38.72 54.80 41.51
15 72083940 Strips Of Flat-Rold Prdcts In Coils Of A Thckns< 3 Mm Hot-Rld,Excl.Pickl
27.32 40.34 47.66 37.65 53.48 42.05
Total Of Above Commodities 1313.85 1938.87 47.57 1726.82 2364.58 36.93 % Share Of Above To India’s Export To Nepal 33.43 35.55 -- 34.89 40.98 --
India’s Export To Nepal 3930.09 5453.59 38.77 4948.67 5770.58 16.61
After a fall of 13% in export of Aviation Turbine Fuel to Nepal during 2016-17 over 2015-16, there was a significant positive growth of 50% during April- February, 2018 over the corresponding period of the previous year.
Monthly Bulletin on Foreign Trade April 2018 Page 37
D.2 Source-wise India’s Merchandise Import at 8-digit commodity level
The details of top 100 sources at 8 digit ITC HS code level for the last two years and the current year along with the percentage change are given at Table 17.
The details of import scenario of top ten sources as per Table 17 in respect of corresponding top fifteen 8-digit level commodities for the last two years and the current year are as follows:
1. Top fifteen 8-digit level products in respect of Source China PRP (Value in US$ Million)
S. No. HS Code Description 2015-16 2016-17 %
Change Apr-
Feb 2017 Apr-
Feb 2018 %
Change
1 85177090 Other Parts Of Telephonic/Telegraphic Apparts 2497.21 4812.37 92.71 4145.85 5075.35 22.42
Total Of Above Commodities 17684.35 19130.41 8.18 16983.58 23022.79 35.56 % Share Of Above To India’s Import From China PRP 28.66 31.22 -- 30.54 33.14 --
India’s Import From China 61706.83 61281.57 -0.69 55619.82 69479.51 24.92
There was negative growth of 1% in total import of India from China PRP during 2016-17 over 2015-16, which has been changed to positive growth of 25% during April-February, 2018 over the corresponding period of previous year. The Push Button type registered a high positive growth during the current year as compared to the same period of previous year.
Except 3 products, import of remaining products out of the top 15 products registered positive growth during 2017-18 (April-February) over the corresponding period of previous year.
2. Top fifteen 8-digit level products in respect of Source USA (Value in US$ Million)
S. No. HS Code Description 2015-16 2016-17 %
Change Apr-
Feb 2017 Apr-
Feb 2018 %
Change
1 71081200 Other Non-Monetary Unwrought Forms Of Gold 2252.2 1406.36 -37.56 1,231.46 1,842.47 49.62
2 84111200 Turbo-Jets Of A Thrust>25 Kn 409.57 844.38 106.16 742.04 1,595.03 114.95
3 88033000 Other Parts Of Aeroplanes/Helicopters 1116.22 1306.23 17.02 1,236.84 675.27 -45.4
15 71023910 Diamond(Othr Thn Indstrl Diamond)Cut Or Otherwise Worked But Not Mounted Or Set
425.39 333.61 -21.57 308.27 256.38 -16.83
Total Of Above Commodities 6,119.05 8,710.31 42.35 8,021.23 9,748.47 21.53 % Share Of Above To India’s Import From USA 28.09 39.05 -- 39.40 41.79 --
India’s Import From USA 21,781.39 22,307.44 2.42 20,356.28 23,329.14 14.60
Import of non-monetary unwrought form of Gold, fresh almonds, steam coal, air-craft engines from USA registered negative growth during 2016-17 over 2015-16, which registered high significant positive growth during April-February, 2017 over the corresponding period of previous year. Air-craft engines registered a high positive growth of 1344% followed by saturated acyclic hydrocarbons (956%) during the current year as compared to the same period of previous year.
Except 3 products, import of remaining products out of the top 15 products registered positive growth during 2017-18 (April-February) over the corresponding period of previous year.
3. Top fifteen 8-digit level products in respect of Source UAE (Value in US$ Million)
S. No. HS Code Description 2015-16 2016-17 %
Change Apr-
Feb 2017 Apr-
Feb 2018 %
Change
1 27090000 Petroleum Oils And Oils Obtained From Bituminous Minerals Crude 5461.49 6784.04 24.22 6,177.07 5,811.45 -5.92
2 71023100 Non-Industrial Diamonds Unworked/Simply Sawn Cleaved Or Bruted
3172.14 3897.5 22.87 3,504.65 3,863.45 10.24
3 71081200 Other Non-Monetary Unwrought Forms Of Gold 3122.16 3255.86 4.28 2,770.52 3,299.92 19.11
15 27101990 Other Petroleum Oils And Oils Obtaine Frombituminous Minerals Nes
36.22 29.6 -18.27 25.72 202.28 686.53
Monthly Bulletin on Foreign Trade April 2018 Page 39
Total Of Above Commodities 15,414.52 17,882.15 16.01 16,008.48 16,625.04 3.85 % Share Of Above To India’s Import From UAE 79.27 83.13 -- 82.73 82.29 --
India’s Import From UAE 19,445.68 21,509.83 10.61 19,350.40 20,203.44 4.41 After a fall of 18% in import of other petroleum oils from UAE during 2016-17 over 2015-16, it registered a high significant positive growth of 687% during 2017-18 (April-February) over the corresponding period of previous year, while import of petroleum oils registered positive growth during 2016-17 over 2015-16, which has been changed to negative growth of 6% during the current year.
4. Top fifteen 8-digit level products in respect of Source Saudi Arab (Value in US$ Million)
S. No. HS Code Description 2015-16 2016-17 %
Change Apr-
Feb 2017 Apr-
Feb 2018 %
Change
1 27090000 Petroleum Oils And Oils Obtained From Bituminous Minerals Crude 13,489.47 13,674.09 1.37 12,226.45 13,626.51 11.45
Total Of Above Commodities 17,536.46 17,946.77 2.34 16,066.50 18,174.61 13.12 % Share Of Above To India’s Import From Saudi Arab 86.30 89.86 -- 89.66 91.53 --
India’s Import From Saudi Arab 20,321.33 19,972.40 -1.72 17,918.80 19,856.20 10.81 India’s import from Saudi Arab registered negative growth during 2016-17 over 2015-16, which has been changed to positive growth of 11% during 2017-18 (April-February) over the corresponding period of previous year. Petroleum oil is the most dominant product of import from Saudi Arab which constitutes 69% in India’s total import from Saudi Arab. 5. Top fifteen 8-digit level products in respect of Source Switzerland
(Value in US$ Million) S.
No. HS Code Description 2015-16 2016-17 % Change
Apr-Feb 2017
Apr-Feb 2018
% Change
1 71081200 Other Non-Monetary Unwrought Forms Of Gold 16,989.11 15,371.63 -9.52 13,173.67 16,171.14 22.75
Total of Above Commodities 17,940.90 15,982.43 -10.92 13,712.51 16,612.34 21.15 % Share of Above To India’s Import From Switzerland 92.96 92.66 -- 92.21 93.40 --
India’s Import From Switzerland 19,299.49 17,248.68 -10.63 14,870.70 17,786.68 19.61
India’s import from Switzerland has been changed from negative growth of 11% during 2016-17 over 2015-16 to positive growth of 20% during 2017-18 (April-February) over the corresponding period of previous year. Other non-monetary unwrought forms of gold is dominant product of import from Switzerland, it constitutes the share of 91% of total import from Switzerland.
6. Top fifteen 8-digit level products in respect of Source Iraq (Value in US $ Million) S.
No. HS Code Description 2015-16 2016-17 % Change
Apr-Feb 2017
Apr-Feb 2018
% Change
1 27090000 Petroleum Oils And Oils Obtained From Bituminous Minerals Crude 10758.45 11616.72 7.98 10,177.03 15,693.00 54.20
13 41041100 Full Grains-Unsplit/Grain-Splits Of Bovinein Wet State Incldng Wet-Blue
0.07
Monthly Bulletin on Foreign Trade April 2018 Page 41
14 38231900 Other Industrial Monocarboxylic Fatty Acid 0.04
15 10063010 Rice Parboiled 0.03 Total Of Above Commodities 10,821.99 11,689.74 8.02 10,239.42 15,754.57 53.86
% Share Of Above To India’s Import From Iraq 99.86 99.84 -- 99.82 100.00 -- India’s Import From Iraq 10,837.58 11,707.94 8.03 10,257.42 15,754.62 53.59
The Petroleum oils and oils obtained from bituminous minerals crude registered a growth of 54% during April-February, 2018 over the corresponding period of the previous year and it has the share of almost 100% of total import from Iraq. However, India’s total import from Iraq has registered a positive growth of 54% during April-February, 2018 over the corresponding period of the previous year. Base Oil, Full Grains-Unsplit/Grain-Splits of Bovinein, Other industrial mono-carboxylic fatty acid and Rice parboiled are new products of import from Iraq.
7. Top fifteen 8-digit level products in respect of Source Indonesia (Value in US$ Million) S.
Total Of Above Commodities 9,970.57 10,573.41 6.05 9,482.81 12,349.53 30.23 % Share Of Above To India’s Import From Indonesia 75.93 78.74 -- 78.46 82.12 --
India’s Import From Indonesia 13,131.93 13,427.99 2.25 12,085.87 15,037.61 24.42
After a significant falls in import of Other Non-Monetary Unwrought Forms of Gold and Crude Palm Kernel Oil of 17% and 74% respectively during 2016-17 over 2015-16, it has been changed to positive growth of 146% and 159% respectively during April-February, 2018 over the corresponding period of the previous year. The top 15 products have the share of 82% in India’s total import from Indonesia during the current year.
8. Top fifteen 8-digit level products in respect of Source Korea RP (Value in US $ Million)
S. No. HS Code Description 2015-16 2016-17 %
Change Apr-
Feb 2017 Apr-
Feb 2018 %
Change 1 71141910 Manufactures Of Gold 28.93 28.93 1,347.56 4,558.57 2 27101960 Base Oil 501.92 473.38 -5.69 441.46 586.41 32.83 3 85176290 Other 179.9 7.25 -95.97 6.6 449.66 6,712.22 4 85423900 Other 244.53 323.26 32.2 284.06 369.34 30.02 5 87089900 Otr Prtsandaccssrs Of Vhcls Of Hdg 297.26 281.56 -5.28 256.83 303.65 18.23
Monthly Bulletin on Foreign Trade April 2018 Page 42
Total Of Above Commodities 2,958.23 3,397.45 14.85 2,908.92 5,359.02 84.23 % Share Of Above To India’s Import From Korea RP 22.67 27.00 -- 25.92 35.75 --
India’s Import From Korea RP 13,047.12 12,585.35 -3.54 11,221.46 14,988.92 33.57
India’s total import from Korea RP registered negative growth of 4% during 2016-17 over 2015-16 which has been changed to positive growth of 34% during April-February 2018 over the corresponding period of the previous year. Manufactures of gold and Floating/Submersible Drillings are new products of import from Korea RP.
9. Top fifteen 8-digit level products in respect of Source Australia (Value in US$ Million) S.
12 27040090 Other Cokes Of Coal 32.47 127.64 293.06 127.64 145.04 13.63
13 76020010
Aluminium Scrap Coverd By Isri Code Tablettabloid,Taboo,Taint/Tabor,Take, Talap, Talcred,Taldack,Taldon,Ta
94.24 99.59 5.68 91.38 142.77 56.24
14 52010020 Foreign Cotton Of All Staple Lengths 29.9 282.59 845.11 281.76 141.33 -49.84
15 71023100 Non-Industrial Diamonds Unworked/Simply Sawn Cleaved Or Bruted
48.57 91.44 88.29 76.43 126.21 65.13
Total Of Above Commodities 7,117.28 9,394.79 32.00 8,276.71 10,971.05 32.55 % Share Of Above To India’s Import From Australia 79.98 84.22 -- 84.45 87.27 --
India’s Import From Australia 8,898.78 11,154.48 25.35 9,800.79 12,571.13 28.27
Monthly Bulletin on Foreign Trade April 2018 Page 43
The data in the above table revealed that Coking coal is the dominant product of India’s import of from Australia which registered a positive growth of 30% during April-February, 2018 over the corresponding period of the previous year. Out of top 15 products, only 1 product has registered a negative growth during the current year. 10. Top fifteen 8-digit level products in respect of Source Germany
(Value in US$ Million) S.
No. HS Code Description 2015-16 2016-17 % Change
Apr-Feb 2017
Apr-Feb 2018
% Change
1 88024000 Aeroplanes And Othr Aircraft,Of An Unladen Weight Exceeding 15000 Kg
0 274.87 0 274.87 289.7 5.39
2 87089900 Otr Prtsandaccssrs Of Vhcls Of Hdg 8701-8705 259.95 211.22 -18.74 191.46 260.85 36.24
15 84111200 Turbo-Jets Of A Thrust>25 Kn 3.54 0 0 76.87
Total Of Above Commodities 1,253.56 1,520.48 21.29 1,406.83 1,851.22 31.59
% Share Of Above To India’s Import From Germany 10.37 13.13 -- 13.32 15.34 -- India’s Import From Germany 12,088.37 11,583.67 -4.18 10,563.23 12,069.21 14.26
Aeroplanes and other aircraft, of an unladen weight exceeding 15000 Kg is the new product of India’s import from Germany. The product Industrial Plant project registered a negative growth of 48% during 2016-17 over 2015-16 while it has been changed to positive growth of 92% during April-February, 2018 over the corresponding period of the previous year.
Monthly Bulletin on Foreign Trade April 2018 Page 44
E. Export Scenario: State-wise
The details of State-wise export for last two years and the current year along with percentage share and percentage change are given at Table 18, while State-wise export in terms of percentage change in last two years is given at table 19.
Figure 17 shows State-wise percentage share of 15 major States (with contribution of more than 1% share) and unspecified sources (2.3%) in India’s total merchandise export during 2017-18 (Apr-Feb). It reflects that Maharashtra has the highest share of 23.4% followed by Gujarat (21.8%) and Tamil Nadu (9.9%) during 2017-18 (Apr-Feb). 15 States contribute to 93.6% of total exports. The remaining States have less than 1% share in India’s total export.
Figure 18 shows State-wise percentage growth of 15 major states during 2016-17 and 2017-18(Apr-Feb 2018). It reflects that most of the states have a positive growth except Karnataka and Delhi in 2017-18 (Apr-Feb 2018).The State of Kerala has the maximum growth (48.2%) in 2017-18 (Apr-Feb 2018) while Odisha has the maximum growth (108.3%) in 2016-17.
Maharashtra 23.4%
Gujarat 21.8%
Tamil Nadu 9.9%
Karnataka 5.9%
Uttar Pradesh 4.6%
Haryana 4.4%
Andhra Pradesh 4.4%
West Bengal 3.1%
Delhi 2.9%
Odisha 2.6%
Kerala 2.4%
Rajasthan 2.3% Unspecified
2.3%
Telangana 2.2%
Punjab 1.9%
Madhya Pradesh 1.7%
Goa, 0.7%
Dadra & Nagar Haveli, 0.7%
Chattisgarh, 0.5%
Uttaranchal, 0.5%
Bihar, 0.4% Himachal Pradesh,
0.4% Jharkhand, 0.4%
Daman & Diu, 0.3% Puducherry, 0.1%
Assam, 0.1%
Other 4.1%
Figure 17: Percentage Share of States in India's Export during 2017-18 (Apr-Feb)
Monthly Bulletin on Foreign Trade April 2018 Page 45
-20
0
20
40
60
80
100
120
% G
row
th
States
Figure 18: Export Performance (% Growth) of 15 Major States during 2016-17 and 2017-18 (Apr- Feb 2018)
2016-17
2017-18 (Apr-Feb2018)
Monthly Bulletin on Foreign Trade April 2018 Page 46
India’s Total Export 23098.2 26195.8 27030.27 24383.97 25834.38 29109.09 Source: DGCI&S, Kolkata (P: Provisional) (Note: The analysis is based on the Quick Estimates Groups of commodities, latest available upto March, 2018)
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Table 5: India’s Merchandise Export of QE Groups
(Value in US$ Million)
S.No. QE Groups Apr-Mar, 17 % Share Apr-Mar, 18(P) % Share % Change
India’ Total Export 2,75,851.72 100.00 3,02,840.00 100.00 9.78 Source: DGCI&S, Kolkata (P: Provisional) (Note: The analysis is based on the Quick Estimates Groups of commodities, latest available upto March, 2018)
Monthly Bulletin on Foreign Trade April 2018 Page 51
Table 6: India’s Merchandise Import of QE Groups: Month-wise (Value in US$ Million)
S. No. QE Groups Apr, 17 May, 17 Jun, 17 Jul, 17 Aug, 17 Sept, 17
India’s Total Import 37117.01 40024.96 41910.46 40682.44 37813.59 42800.89 Source: DGCI&S, Kolkata (P: Provisional) (Note: The analysis is based on the Quick Estimates Groups of commodities, latest available upto March, 2018)
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Table 7: India’s Merchandise Import of QE Groups
(Value in US$ Million)
S.No QE Groups Apr-Mar, 17 % Share Apr-Mar, 18 (P) % Share % Change
India’s Total Import 384355.57 100.00 459666.59 100.00 19.59 Source: DGCI&S, Kolkata (P: Provisional) (Note: The analysis is based on the Quick Estimates Groups of commodities, latest available upto March, 2018)
Monthly Bulletin on Foreign Trade April 2018 Page 54
Table 8: India’s Export by Principal Commodity (Value in US$ Million)
S. No. Principal Commodities Apr-Mar, 17 % Share Apr-Mar, 18 (P) % Share % Change 1 Petroleum Products 31545.26 11.44 37379.40 12.33 18.49 2 Pearl, Precs, Semiprecs Stones 24923.77 9.04 25929.72 8.55 4.04 3 Drug Formulations, Biologicals 12666.44 4.59 12908.49 4.26 1.91 4 Gold And Oth Precs Metal Jewellery 11934.61 4.33 12845.54 4.24 7.63 5 Iron And Steel 8683.01 3.15 11239.29 3.71 29.44 6 Rmg Cotton Incl Accessories 8513.22 3.09 8510.17 2.81 -0.04 7 Motor Vehicle/Cars 7547.45 2.74 8473.91 2.79 12.28 8 Marine Products 5903.06 2.14 7387.39 2.44 25.15 9 Organic Chemicals 4844.39 1.76 7130.46 2.35 47.19 10 Products Of Iron And Steel 5895.44 2.14 6757.65 2.23 14.63 11 Electric Machinery And Equipment 4742.25 1.72 6700.38 2.21 41.29 12 Cotton Fabrics, Madeups Etc. 5212.53 1.89 5477.19 1.81 5.08 13 Indl. Machinery For Dairy Etc 4640.98 1.68 5338.73 1.76 15.03 14 Auto Components/Parts 4205.38 1.52 5204.99 1.72 23.77 15 Manmade Yarn,Fabrics,Madeups 4557.08 1.65 4825.76 1.59 5.90 16 Aluminium, Products Of Aluminm 3244.69 1.18 4793.87 1.58 47.75 17 Rmg Manmade Fibres 5035.94 1.83 4746.90 1.57 -5.74 18 Residual Chemicals And Allied Prod 3894.92 1.41 4488.39 1.48 15.24 19 Rice -Basmoti 3208.60 1.16 4165.00 1.37 29.81 20 Buffalo Meat 3903.49 1.42 4029.88 1.33 3.24 21 Rice(Other Than Basmoti) 2525.19 0.92 3558.11 1.17 40.90 22 Bulk Drugs, Drug Intermediates 3383.52 1.23 3540.25 1.17 4.63 23 Copper And Products Made Of Copr 2672.94 0.97 3481.23 1.15 30.24 24 Cotton Yarn 3337.49 1.21 3424.92 1.13 2.62 25 Plastic Raw Materials 2508.93 0.91 3235.83 1.07 28.97 26 RMG Of Other Textiles Matrl 3462.79 1.26 3122.02 1.03 -9.84 27 Spices 2851.95 1.03 3104.35 1.02 8.85 28 Ship, Boat And Floating Struct 4370.60 1.58 3075.24 1.01 -29.64 29 Agro Chemicals 2140.73 0.78 2559.39 0.84 19.56 30 Other Misc. Engineering Items 2132.95 0.77 2444.98 0.81 14.63 31 Ic Engines And Parts 2115.14 0.77 2422.59 0.80 14.54 32 Gold 6121.43 2.22 2376.69 0.78 -61.17 33 Aircraft, Spacecraft And Parts 3381.66 1.23 2250.23 0.74 -33.46 34 Footwear Of Leather 2127.90 0.77 2194.47 0.72 3.13 35 Dyes 1923.12 0.70 2191.86 0.72 13.97 36 Electronics Components 1789.41 0.65 2137.23 0.70 19.44 37 Electronics Instruments 2009.94 0.73 2039.13 0.67 1.45 38 Two And Three Wheelers 1638.19 0.59 2001.54 0.66 22.18 39 Granit, Natural Stone And Products 1856.08 0.67 1935.05 0.64 4.25 40 Handcrafts(Excl.Handmade Crpts) 1926.75 0.70 1823.95 0.60 -5.34
India's total Export 2,75,851.71 100.00 3,03,266.92 100.00 9.94 Source: DGCI&S, Kolkata(P: Provisional) (Note: (i) Others includes remaining principal commodities including other commodities (ii) The above listed 40 principal commodities are fixed based on the top 40 principal commodities of export during the year 2016-17 )
Monthly Bulletin on Foreign Trade April 2018 Page 55
Table 9: India’s Import by Principal Commodity (Value in US$ Million)
S. No. Principal Commodities Apr-Mar, 17 % Share Apr-Mar, 18 (P) % Share % Change
India's total Import 3,84,355.56 100.00 4,64,710.72 100.00 20.91 Source: DGCI&S, Kolkata(P: Provisional) (Note: (i) Others includes remaining principal commodities including other commodities (ii) The above listed 40 principal commodities are fixed based on the top 40 principal commodities of import during the year 2016-17)
Monthly Bulletin on Foreign Trade April 2018 Page 56
Table 10: India’s Export by Destination (Value in US$ Million)
S.No. Destinations Apr-Mar, 17 % Share Apr-Mar, 18 (P) % Share % Change 1 U S A 42,216.48 15.30 47,908.30 15.80 13.48 2 U Arab Emts 31,175.50 11.30 28,128.17 9.28 -9.77 3 Hong Kong 14,047.24 5.09 14,714.84 4.85 4.75 4 China P RP 10,171.69 3.69 13,337.42 4.40 31.12 5 Singapore 9,564.67 3.47 10,203.43 3.36 6.68 6 U K 8,551.14 3.10 9,717.53 3.20 13.64 7 Germany 7,183.86 2.60 8,696.12 2.87 21.05 8 Bangladesh PR 6,820.13 2.47 8,385.82 2.77 22.96 9 Vietnam Soc Rep 6,786.56 2.46 7,813.08 2.58 15.13 10 Nepal 5,453.59 1.98 6,526.18 2.15 19.67 11 Netherland 5,071.22 1.84 6,264.10 2.07 23.52 12 Belgium 5,656.92 2.05 6,209.63 2.05 9.77 13 Italy 4,902.70 1.78 5,714.19 1.88 16.55 14 Malaysia 5,224.88 1.89 5,695.65 1.88 9.01 15 Saudi Arab 5,110.28 1.85 5,410.78 1.78 5.88 16 Turkey 4,626.59 1.68 5,090.72 1.68 10.03 17 France 5,250.27 1.90 4,904.08 1.62 -6.59 18 Japan 3,845.82 1.39 4,739.09 1.56 23.23 19 Sri Lanka Dsr 3,913.15 1.42 4,475.68 1.48 14.38 20 Korea RP 4,242.56 1.54 4,462.18 1.47 5.18 21 Australia 2,957.79 1.07 4,012.88 1.32 35.67 22 Spain 3,426.13 1.24 3,996.76 1.32 16.66 23 Indonesia 3,488.16 1.26 3,965.56 1.31 13.69 24 South Africa 3,545.97 1.29 3,825.84 1.26 7.89 25 Mexico 3,460.98 1.25 3,782.79 1.25 9.30 26 Thailand 3,133.44 1.14 3,662.12 1.21 16.87 27 Israel 3,087.18 1.12 3,371.39 1.11 9.21 28 Brazil 2,400.48 0.87 3,063.51 1.01 27.62 29 Iran 2,379.62 0.86 2,652.39 0.87 11.46 30 Canada 2,004.13 0.73 2,507.49 0.83 25.12 31 Oman 2,728.30 0.99 2,438.41 0.80 -10.63 32 Egypt A RP 2,067.35 0.75 2,392.52 0.79 15.73 33 Nigeria 1,764.11 0.64 2,254.93 0.74 27.82 34 Taiwan 2,183.74 0.79 2,158.02 0.71 -1.18 35 Russia 1,937.06 0.70 2,135.37 0.70 10.24 36 Kenya 2,194.29 0.80 1,974.57 0.65 -10.01 37 Pakistan IR 1,821.88 0.66 1,924.31 0.63 5.62 38 Philippines 1,482.52 0.54 1,692.83 0.56 14.19 39 Tanzania Rep 1,783.57 0.65 1,618.79 0.53 -9.24 40 Kuwait 1,497.99 0.54 1,365.70 0.45 -8.83
India's total Export 2,75,851.71 100.00 3,03,266.92 100.00 9.94 Source: DGCI&S, Kolkata (P: Provisional) (Note: (i) Others includes remaining destinations (ii) The above listed 40 destinations are fixed based on the top 40 destinations of export for the year 2016-17)
Monthly Bulletin on Foreign Trade April 2018 Page 57
Table 11: India’s Import by Sources (Value in US$ Million)
India's Total Import 3,84,355.56 100.00 4,64,710.72 100.00 20.91 Source: DGCI&S, Kolkata(P: Provisional) (Note: (i) Others includes remaining sources (ii) The above listed 40 sources are fixed based on the top 40 sources of import for the year 2016-17)
Monthly Bulletin on Foreign Trade April 2018 Page 58
Table 12: India’s Export by Region
(Value in US$ Million)
Regions Apr-Mar, 17 % Share Apr-Mar,
18 (P) %
Share %
Change 1) Europe 53,291.12 19.32 60,318.90 19.89 13.19
1.1 EU Countries 47,319.19 17.15 53,653.21 17.69 13.39
1.2 European Free Trade Association (EFTA) 1,240.69 0.45 1,453.86 0.48 17.18
1.3 Other European Countries 4,731.25 1.72 5,211.84 1.72 10.16
61 62114300 Other Garments Of Man-Made Fibers 576.58 608.66 5.56 525.87 568.6 8.13
62 62063000 Blouses, Shirts And Shirts-Blouses Of Cotton 636.18 591.64 -7.00 532.09 564.14 6.03
63 38089199 Other Insecticide Nes 421.26 462.76 9.85 403.7 560.3 38.79 64 63041910 Bed sheets And Bed Covers Of Cotton 739.66 597.38 -19.24 540.36 547.16 1.26
65 63053200 Flexible Intermediate Bulk Containers Of Man Made Textile Materials 460.31 460.39 0.02 416.97 544.11 30.49
66 30049069 Other Nonsteroidal Antiinflamatory, Analgestics And Antipyratic Drugs 339.62 594.66 75.09 529.52 532.74 0.61
Monthly Bulletin on Foreign Trade April 2018 Page 62
Table 14 (Contd.): India’s Export by 8 digit HS code level (value in US$ Million)