Monthly Bulletin on. April, 2018

Transcription

1 Monthly Bulletin on Foreign Trade STATISTICS April, 2018 Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Statistics Division (Data Analytics Unit) Suggestions/feedback may be sent to Dr. P C Mishra, Statistical Advisor by at pc.mishra@gov.in

2 Monthly Bulletin on Foreign Trade April 2018 Page i

3 Foreign Trade Data Analytics Highlights As per the Quick Estimates, India s merchandise export was US$ 29, million as compared to US$ 29, million in March 2017, registering a negative growth of 0.66%. Total value of export for April- March, 2018 was US$ 3,02, million as compared to US$ 2,75, 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 ) to USA and UAE has declined by 0.1% and 13% respectively during (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 ) to Australia was gone down during over 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 ) 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 ) 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 ) 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 over India s export of other shrimps and prawns (ITC- HS ) 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 to high positive growth of 110% and 35% respectively in the current year. India s export of Basmati Rice (ITC- HS ) to 9 countries out of the top ten registered a fall in over , 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 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 ) 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 over , 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 ii

4 India s import of other Non-Monetary unwrought forms of gold (ITC-HS ) 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 ) 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 ) 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 over the period 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 , 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 over the period There was a negative growth of 52% in export of fuel oil to Singapore during over , 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 over , 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 over , 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 over , 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 iii

5 CONTENTS Foreign Trade Data Analytics Highlights... ii FOREIGN TRADE DATA ANALYTICS... 1 Introduction... 1 A. Quick Estimates of Foreign Trade... 1 A.1 India s Merchandise Trade... 1 A.2 India s Services Trade... 2 A.3 India s Overall Trade... 3 A.4 Sectoral Analysis of Merchandise Trade Based on Quick Estimates (QE)... 5 B. India s Merchandise Trade Based on Provisional Estimates (PE)... 6 B.1 Export Scenario... 6 B.1.2 Export by Principal Commodities... 6 B.1.3 India s Export: Region-wise... 8 B.1.4 Export by Destination... 9 B.2 Import Scenario B.2.2 Import by Principal Commodities B.2.3 India s Import: Region-wise B.2.4 Import from Sources C. Analysis based on ITC (HS) 8-digit level C.1 India s Merchandise Export at 8-digit ITC (HS) level C.2 India s Merchandise Import at 8-digit commodity level 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 D.2 Source-wise India s Merchandise Import at 8-digit commodity level E. Export Scenario: State-wise F. Summary Tables Table 1: India s month-wise Merchandise Trade Table 2: India s month-wise Services Trade Table 3: India s month-wise Overall Trade (Merchandise plus Services) Table 4: India s Merchandise Export of QE Groups: Month-wise Table 4 (contd.): India s Merchandise Export of QE Groups: Month-wise Table 5: India s Merchandise Export of QE Groups Table 6: India s Merchandise Import of QE Groups: Month-wise Monthly Bulletin on Foreign Trade April 2018 Page iv

6 Table 6 (contd.): India s Merchandise Import of QE Groups: Month-wise Table 7: India s Merchandise Import of QE Groups Table 8: India s Export by Principal Commodity Table 9: India s Import by Principal Commodity Table 10: India s Export by Destination Table 11: India s Import by Sources Table 12: India s Export by Region Table 13: India s Import by Region Table 14: India s Export by 8 digit HS code level Table 14 (Contd.): India s Export by 8 digit HS code level Table 14 (Contd.): India s Export by 8 digit HS code level Table 15: India s Import by 8 digit HS code level Table 15 (Contd.): India s Import by 8 digit HS code level Table 15 (Contd.): India s Import by 8 digit HS code level Table 16: India s Export by Destination for 8 digit HS code level Table 16 (Contd.): India s Export by Destination for 8 digit HS code level Table 16 (Contd.): India s Export by Destination for 8 digit HS code level Table 17: India s Import by Source for 8 digit HS code level Table 17 (Contd.): India s Import by Source for 8 digit HS code level Table 17 (Contd.): India s Import by Source for 8 digit HS code level Table 18: India s Export Profile: State-wise Share Table 19: India s Export Profile: State-wise Growth Monthly Bulletin on Foreign Trade April 2018 Page v

7 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& 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, million as compared to US$ 29, million in March 2017, registering a negative growth of 0.66%. In March 2018 India s merchandise import was US$ 42, million as compared to US$ 39, 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, million as compared to US$ 2,75, 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, million as compared to the import of US$ 3,84, 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 Monthly Bulletin on Foreign Trade April 2018 Page 1

8 Figure 1: Merchandise Trade Performance Value in US$ Million Apr-Mar, 17 Apr-Mar, Export Import Trade Balance 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. Figure 2: Trend of Merchandise Trade during April, 17 to March, Value in US$ Million Apr, 17 May, 17 June, 17 July, 17 Aug, 17 Sept, 17 Oct, 17 Nov, 17 Dec, 17 Jan, 18 Feb, 18 Mar, 18 Exports Imports Trade Balance 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 Monthly Bulletin on Foreign Trade April 2018 Page 2

9 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 Figure 3: Services Trade Performance Value in US$ Million Apr-Feb, 17 Apr-Feb, Export Import Trade Balance 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. Value in US$ Million Figure 4: Trend of Services Trade during April, 17 to February, Apr, 17 May, 17 June, 17 July, 17 Aug, 17 Sept, 17 Oct, 17 Nov, 17 Dec, 17 Jan, 18 Feb, 18 Exports Imports Trade Balance 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%. Monthly Bulletin on Foreign Trade April 2018 Page 3

10 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 Figure 5: India's Overall Trade Performance Value in US$ Million Apr-Feb, 17 Apr-Feb, Export Import Trade Balance 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 Value in US$ Million Apr, 17 May, 17 June, 17 July, 17 Aug, 17 Sept, 17 Oct, 17 Nov, 17 Dec, 17 Jan, 18 Feb, 18 Exports Imports Trade Balance Monthly Bulletin on Foreign Trade April 2018 Page 4

11 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 Figure 7: Trend of Export values of Major Commodities 8000 Value of Export (US$ Million) Apr, 17 May, 17 Jun, 17 Jul, 17 Aug, 17 Sept, 17 Oct, 17 Nov, 17 Dec-17 Jan, 18 Feb, 18 Mar, 18 Engineering Goods Petroleum Products Drugs And Pharmaceuticals Cotton Yarn/Fabs./Madeups, Handloom Products Etc. Plastic And Linoleum Gems And Jewellery Organic And Inorganic Chemicals RMG Of All Textiles Rice Electronic Goods 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. Monthly Bulletin on Foreign Trade April 2018 Page 5

12 12000 Figure 8: Trend of Import values of Major Commodities Value of Import (US$ Million) Apr, 17 May, 17 Jun, 17 Jul, 17 Aug, 17 Sept, 17 Oct, 17 Nov, 17 Dec-17 Jan, 18 Feb, 18 Mar-18 Petroleum, Crude & products Machinery, electrical & non-electrical Gold Organic & Inorganic Chemicals Artificial resins, plastic materials, etc. Electronic goods Pearls, precious & Semi-precious stones Coal, Coke & Briquettes, etc. Transport equipment Iron & Steel 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, 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 6

13 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%). Figure 9: Export of Top 10 Commodities during April 17-March 2018 Value of Export (US$ Million) Percentage Change Apr-Mar, 17 Apr-Mar, 18(P) % Change 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: Principal Commodities 1 Petroleum Products Pearl, Precs, Semiprecs Stones Drug Formulations, Biologicals Gold And Other Precs Metl Jwlery 5 Iron And Steel 6 RMG Cotton Incl Accessories 7 Motor Vehicle/Cars 8 Marine Products 9 Organic Chemicals 10 Products Of Iron And Steel Singapore (16.37%) Hong Kong (39.77%) U S A (35.65%) U Arab Emts (47.48%) Italy (9.20%) U S A (26.08%) Mexico (19.97%) U S A (32.74%) China P Rp (21.87%) U S A (23.68%) Major Destinations U Arab Emts (11.93%) U S A (29.72%) South Africa (3.71%) Hong Kong (21.88%) Nepal (7.83%) U K (11.84%) South Africa (9.00%) Vietnam Soc Rep (25.31%) U S A (8.82%) U Arab Emts (6.14%) U S A (6.89%) Belgium (8.97%) U K (3.52%) U S A (18.09%) Belgium (6.92%) U Arab Emts (8.15%) U S A (7.71%) Japan (6.14%) Saudi Arab (7.90%) Germany (5.76%) Monthly Bulletin on Foreign Trade April 2018 Page 7

14 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, Figure 10 : Region-wise share in India's Export during April-March 2018 CIS & Baltics 1.00% Unspecified Region 0.96% Europe 19.89% Asia 49.24% Africa 8.20% America 20.71% 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 Asia Region Apr-Mar, 17 % Share Apr-Mar, 18(P) %Share % Change NE Asia West Asia- GCC ASEAN South Asia Other West Asia East Asia (Oceania) Total Export to Asia Region 1,37, ,49, 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. Monthly Bulletin on Foreign Trade April 2018 Page 8

15 Figure 11 : India's Export by Region Value of Export (US$ Million) Europe Africa America Asia CIS & Baltics Apr-Mar, 17 Apr-Mar, 18(P) % Change Percenmtage Change 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, 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, Value of Export (US$ Million) Figure 12: Top 10 Destinations of Exports during April-March Percentage Change Apr-Mar, 17 Apr-Mar, 18 (P) % Change Monthly Bulletin on Foreign Trade April 2018 Page 9

16 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: Destinations 1 U S A 2 U Arab Emts 3 Hong Kong 4 China P RP 5 Singapore 6 U K 7 Germany 8 9 Bangladesh PR Vietnam Soc Rep 10 Nepal Pearl, Precs, Semiprecs Stones (16.08%) Gold And Oth Precs Metl Jwlery (21.71%) Pearl, Precs, Semiprecs Stones (55.33%) Organic Chemicals (11.69%) Petroleum Products (59.95%) RMG Cotton Incl Accessories (10.37%) Electric Machinery And Equipment (10.89%) Rice (Other Than Basmoti) (9.00%) Buffalo Meat (29.23%) Petroleum Products (20.18%) Major Principal Commodities Drug Formulations, Biologicals (9.61%) Petroleum Products (15.84%) Gold & Oth Precs Metl Jwlery (17.74%) Copper and Products Made of Copper (11.61%) Ship, Boat and Floating Struct (6.62%) Gold And Other Precs Metl Jwlery (5.51%) RMG Cotton Incl Accessories (7.61%) Cotton Raw Incld. Waste (8.79%) Marine Products (23.94%) Iron And Steel (13.49%) Petroleum Products (5.37%) Gold (8.23%) Petroleum Products (1.84%) Petroleum Products (11.31%) Pearl, Precs, Semiprecs Stones (2.82%) Drug Formulations, Biologicals (4.68%) Products Of Iron And Steel (4.48%) Cotton Yarn (8.10%) Iron And Steel (7.35%) 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 10

17 Figure 13 : Imports of Top 10 Commodities during April-March 2018 Value of Import (US$ Million) Percentage Change Apr-Mar, 17 Apr-Mar, 18(P) % Change 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: Principal Commodities Major Sources 1 Petroleum: Crude 2 Pearl, Precs, Semiprecs Stones 3 Gold 4 Coal, Coke And Briquittes Etc 5 Telecom Instruments 6 Petroleum Products 7 Organic Chemicals 8 Vegetable Oils 9 Plastic Raw Materials Indl. Machinery For Dairy Etc 10 Iraq (20.08%) Hong Kong (19.09%) Switzerland (50.99%) Australia (37.11%) China P RP (71.38%) Qatar (27.93%) China P RP (23.59%) Indonesia (43.08%) Korea RP (12.09%) China P RP (32.60%) Saudi Arab (17.47%) U Arab Emts (14.92%) U Arab Emts (10.50%) Indonesia (27.15%) Korea RP (5.24%) U Arab Emts (13.83%) Singapore (11.60%) Argentina (17.71%) China P RP (11.02%) Germany (16.23%) Iran (10.28%) Belgium (11.97%) Ghana (7.11%) South Africa (13.35%) Vietnam Soc Rep (4.81%) Saudi Arab (12.00%) Saudi Arab (10.82%) Ukraine (15.05%) Saudi Arab (9.30%) Japan (9.62%) Monthly Bulletin on Foreign Trade April 2018 Page 11

18 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 Figure 14: Region-wise share in India's import during April-March 2018 Unspecified Region 2.10% CIS & Baltics 2.77% Europe 14.94% Africa 8.13% America 11.92% Asia 60.14% 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 % in India s total import. India s Import from Asia Region Asia Region Apr-Feb, 17 % Share Apr-Feb, 18 (P) % Share % Change NE Asia 95, ,18, West Asia- GCC 55, , ASEAN 40, , Other West Asia 25, , East Asia (Oceania) 11, , South Asia 2, , Total Import from Asia Region 2,30, ,79, 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. Monthly Bulletin on Foreign Trade April 2018 Page 12

19 Figure 15 : India's Import by Region Value of Import (US$ Million) Percentage Change 0 Europe Africa America Asia CIS & Baltics Apr-Mar, 17 Apr-Mar, 18(P) % Change 0 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, 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, Monthly Bulletin on Foreign Trade April 2018 Page 13

20 Figure 16 : Top 10 Sources of Import during April-March 2018 Value of Import (US$ Million) Percentage Change Apr-Mar, 17 Apr-Mar, 18(P) % Change 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: Sources Major Principal Commodities imported 1 China P RP 2 U S A 3 Saudi Arab 4 U Arab Emts 5 Switzerland 6 Iraq 7 Indonesia 8 Korea RP 9 Australia 10 Germany Telecom Instruments (20.45%) Electric Machinery And Equipme (8.89%) Petroleum: Crude (69.15%) Petroleum: Crude (28.14%) Gold (90.70%) Petroleum: Crude (99.59%) Coal,Coke And Briquittes Etc (37.84%) Iron And Steel (13.80%) Coal,Coke And Briquittes Etc (60.73%) Indl. Machnry For Dairy Etc (12.79%) Electronics Components (7.21%) Gold (8.09%) Petroleum Products (11.57%) Pearl, Precs, Semiprecs Stones (23.50%) Indl. Machnry For Dairy Etc (1.21%) Fresh Fruits (0.36%) Vegetable Oils (30.49%) Gold And Oth Precs Metl Jwlery (8.59%) Pulses (6.60%) Auto Components/Parts (6.14%) Computer Hardware, Peripherals (6.59%) Coal,Coke And Briquittes Etc (6.18%) Organic Chemicals (6.09%) Gold (16.28%) Other Misc. Engineering Items (0.91%) Finished Leather (0.03%) Bulk Minerals And Ores (4.45%) Plastic Raw Materials (7.90%) Petroleum Products (5.42%) Electric Machinery And Equipment (5.39%) Monthly Bulletin on Foreign Trade April 2018 Page 14

21 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 (Diamond (Other than Industrial Diamond) Cut or otherwise worked but not mounted or set) Destinations % Change Apr-Feb 17 Apr-Feb 18 % Change 1 Hong Kong 7, , , , U S A 6, , , , Belgium 1, , , , U Arab Emts 1, , , , Israel Thailand Japan China P Rp Australia U K Total of above destinations 19, , , , % Share of above India s Total Export of , , , , 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 (High Speed Diesel) Destinations % Change Apr-Feb 17 Apr-Feb 18 % Change 1 Singapore Israel Malaysia Netherland Turkey Australia South Africa Nepal Mozambique U Arab Emts Total of Above destinations % Share of above India s Total Export of Monthly Bulletin on Foreign Trade April 2018 Page 15

22 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 over while it jumps by 109% during the current year as compared to the corresponding period of previous year. 4. Top ten destinations in respect of ITC HS Code (Aviation Turbine Fuel) 3. Top ten destinations in respect of ITC HS Code (Other of light oils and preparations) Apr-Feb Apr- Destinations % Change 2017 Feb 2018 % Change 1 U Arab Emts Oman Singapore U S A Malaysia China P Rp Australia Japan Nepal Korea Rp Total of Above destinations % Share of above India s Total Export of After a fall of 13% in India s export of the product during over , 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 over , 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. Apr-Feb Apr- Destinations % Change 2017 Feb 2018 % Change 1 Netherland Singapore France Australia U S A Mauritius Kenya U K Malaysia U Arab Emts Total of Above destinations % Share of above India s Total Export of Monthly Bulletin on Foreign Trade April 2018 Page 16

23 After a negative growth in exports of Aviation turbine fuel to Australia, USA and UK during over , it showed significantly high positive growth during the current year as compared to the corresponding period of the previous year. 2 U K Singapore Hong Kong U S A Switzerland Malaysia Qatar Canada Australia Total of Above destinations % Share of above India s Total Export of 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 (April-February) over the corresponding period of the previous year and 7 countries showed negative growth during over Top ten destinations in respect of ITC HS Code (Jewellery of Gold Unset) Apr-Feb Apr- Destinations % Change % Change 2017 Feb U Arab Emts Top ten destinations in respect of ITC HS Code (Other medicines put up for retail sale N.E.S) Apr-Feb Apr- Destinations % Change 2017 Feb 2018 % Change 1 U S A South Africa Nigeria U K Kenya Tanzania Rep Russia Canada Zimbabwe Uganda Total of Above destinations % Share of above India s Total Export of Monthly Bulletin on Foreign Trade April 2018 Page 17

24 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 over Out of the top ten countries, India s export of other medicines to 6 countries has negative growth during (April-February) over the corresponding period of previous year and 6 countries showed negative growth during over 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 to high positive growth of 110% and 35% respectively in the current year. 8. Top ten destinations in respect of ITC- HS Code (Basmati Rice) 7. Top ten destinations in respect of ITC- HS Code (Other Shrimps and Prawns) (Value in US $ Million) Apr-Feb Apr- Destinations % Change 2017 Feb 2018 % Change 1 U S A Vietnam Soc Rep Japan U K U Arab Emts Belgium Canada Netherland China P Rp Russia Total of Above destinations % Share of above India s Total Export of Apr- Destinations % Change Apr-Feb 2017 Feb 2018 % Change 1 Iran Saudi Arab Iraq U Arab Emts U K Kuwait Yemen Republic U S A Oman Qatar Total of Above destinations % Share of above India s Total Export of Monthly Bulletin on Foreign Trade April 2018 Page 18

25 India s export of Basmati Rice to 9 countries out of top ten registered a fall in over , 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 , export of Basmati Rice to UK has risen to 71% during April-February, 2018 over the corresponding period of the previous year. 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. 9. Top ten destinations in respect of ITC- HS Code (Boneless Meat of Bovine animals, Frozen) Apr- Destinations % Change Apr-Feb 2017 Feb 2018 % Change 1 Vietnam Soc Rep Malaysia Egypt A Rp Iraq Philippines Saudi Arab Indonesia U Arab Emts Taiwan Algeria Total of Above destinations % Share of above India s Total Export of Top ten destinations in respect of ITC- HS Code (Silver Jewellery Set With Gems) Apr- Destinations % Change Apr-Feb 2017 Feb 2018 % Change 1 Hong Kong U S A U Arab Emts U K Germany Australia Canada Italy Thailand France Total of Above destinations % Share of above India s Total Export of Monthly Bulletin on Foreign Trade April 2018 Page 19