2 Indias International Trade Source: Ministry of Commerce & Industry, Government of India Towards Increased Global Integration through Trade Indias total merchandise trade increased over three-fold from US$ 252 bn in FY 2006 to US$ 794 bn in FY 2012 Both exports and imports have trebled during the period Trade-GDP ratio increased from 30.2% in FY 2006 to 42.9% in FY 2012 Exports-GDP ratio increased from 12.4% in FY 2006 to 16.5% in FY 2012 Share of India in world merchandise export 1.67% in 2011; Rank 19 (up from 28 th in 2006) 103 126 163 185 179 251 305 149 186 252 304 288 370 489 252 312 415 489 467 621 794 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 Exports Imports Trade CAGR: 19.8% 21.9% 21.1% (2006-2012)
(Values in US$ bn)
3 Indias Export: Shifting Southwards Direction of exports moving towards the Southern countries, particularly Asia and Africa region Share of Asia, Africa and LAC regions increased sharply from 47% in 2001-02 to 62.7% in 2011-12; Of this, share of Asia region rose from 40% to 52% during this period Future trade flows to be geared towards the developing nations (buttressed by GOI policies) Indias Export Destinations 2001-02 (US$ 44 bn) Indias Export Destinations 2011-12 (US$ 305 bn) Source: Ministry of Commerce & Industry, Government of India Africa 6.6% North America 11.9% LAC 4.5% Others 5.5% Europe 19.0% CIS 1.0% Asia 51.6% Africa 4.9% North America 20.8% LAC 2.2% Others 4.9% Europe 24.8% CIS 2.2% Asia 40.2% 4 Indias Major Trading Partners Top Export Markets (FY 2012, US$ bn)
Top Import Sources (FY 2012, US$ bn) Source: Ministry of Commerce & Industry, Government of India Total Exports: US$ 304.6 bn 36 34 18 17 13 9 9 8 7 7 UAE USA China Singapore Hong Kong Netherlands UK Germany Belgium Indonesia 58 36 32 31 23 19 16 16 15 15 China UAE Switzerland Saudi Arabia USA Iraq Kuwait Germany Australia Indonesia Total Imports: US$ 489.2 bn 5 Indias Trade Basket Top Export Items (FY 2012, US$ bn)
Top Import Items(FY 2012, US$ bn) Source: Ministry of Commerce & Industry, Government of India 56 47 24 21 14 14 10 9 7 7 Petroleum Products Gems & Jewellery Pharma Products Transport Equipments Machinery & Instruments Readymade Garments Manufactures of Metals Electronic Goods Rubber, Glass & Products Cotton Yarn & Fabrics 155 62 33 31 30 19 17 14 13 12 Petroleum Crude Gold & Silver Electronic Goods Pearls & Precious Stones Non-electrical Machinary Organic & Inorganic Chemicals Coal, Coke & Briquettes Transport Equipment Metalliferrous Ores & Products Iron & Steel 6 Indias Trade in Services Total Trade in Services (US$ bn)
Software Exports (US$ bn) Source: Reserve Bank of India (RBI) 57.7 73.8 90.3 106.0 95.7 131.7 140.9 34.5 44.3 51.5 52.0 59.5 83.0 76.9 92.2 118.1 141.8 158.0 155.2 214.7 217.8 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 Exports Imports Total Trade 23.6 31.3 40.3 46.3 49.7 55.5 62.2 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 7 Indias Direct Investment Flows Foreign Direct Investment Inflows & Outflows (US$ bn)
Sectoral pattern of Indian outward FDI (FY 2012) Source: Reserve Bank of India (RBI) Manufacturi ng 32% Financial, Insurance, Real Estate and Business Services 20% Transport, Storage and Communica tion Services 14% Wholesale, Retail Trade, Restaurants and Hotels 11% Constructio n 11% Agriculture, Forestry and Fishing 7% Others 5% Note: FDI Outflows include Equity, Loan and Guarantee Issued 22.8 34.8 41.9 37.7 34.8 46.6 13.3 18.5 18.6 14.8 16.8 14.6 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FDI Inflows FDI Outflow 8 Indias Outward Direct Investment Flows Source: Reserve Bank of India Destinational analysis of Indian ODI flow reveals that the share of developing and emerging countries is relatively higher vis-- vis that of developed countries Mauritius was the largest destination of Indian ODI in 2011-12, followed by Singapore Other important ODI destination among emerging markets include, Australia, Netherlands, Panama, UK and USA
Mauritius 24% Singapore 19% Australia 8% Netherland s 7% Panama 6% U.K 6% USA 6% British Virgin Island 5% UAE 4% Switzerland 3% Others 12% Diversified Regional ODI Flows (FY 2012) Website www.eximbankindia.in