Lok Sabha Question No. 2197 (UNSTARRED), answered on 2018-12-24
Subject: Value of Imports and Exports
Ministry: COMMERCE AND INDUSTRY
Asked by: NISHIKANT  DUBEY, RAJESH PANDEY, RAVINDRA KUMAR PANDEY

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 2197 TO BE ANSWERED ON 24 th  DECEMBER,2018

## VALUE OF IMPORTS AND EXPORTS

## 2197.   SHRI NISHIKANT DUBEY:

SHRI RAJESH PANDEY:

SHRI RAVINDRA KUMAR PANDEY:

Will the Minister of COMMERCE & INDUSTRY ( वा ͨणÏय एवं उɮयोग मंğी ) be pleased to state:

- (a) the details of import and export of India in terms of both rupee and US dollar during the last three financial years 2014-15, 2015-16, 2016-17 and 2017-18 respectively and the current financial year; and
- (b) the details of the items showing declining trend in both these sectors and the main reasons for slowdown therein?

## ANSWER

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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI C. R. CHAUDHARY)

- (a): The values of India's merchandise exports and imports in terms of both rupee and US dollar during the last four years and the current year are as follows:

| Years              | (Value in Rs. Crores)   | (Value in Rs. Crores)   | (Value in US$ million)   | (Value in US$ million)   |
|--------------------|-------------------------|-------------------------|--------------------------|--------------------------|
|                    | Export                  | Import                  | Export                   | Import                   |
| 2014-15            | 18,96,445               | 27,37,087               | 3,10,352                 | 4,48,033                 |
| 2015-16            | 17,16,384               | 24,90,306               | 2,62,291                 | 3,81,008                 |
| 2016-17            | 18,49,434               | 25,77,675               | 2,75,852                 | 3,84,357                 |
| 2017-18            | 19,56,515               | 30,01,033               | 3,03,526                 | 4,65,581                 |
| 2017-18 (Apr-Nov)  | 12,57,811               | 19,44,355               | 1,94,935                 | 3,01,308                 |
| 2018-19 (Apr-Nov)* | 15,14,370               | 24,07,274               | 2,17,517                 | 3,45,643                 |

Source: DGCI&S, Kolkata,(*Quick estimates)

(b): Out of  the  major  30  items,  12  items  have  declining  trend  in  India's  exports  and  7 items have declining trend in India's imports during the current year 2018-19 (Apr-Nov) as compared to the corresponding period of the previous year, as detailed below:

(Value in US$ Million)

| Sectors showing declining trend in Export   | Sectors showing declining trend in Export   | Sectors showing declining trend in Export   | Sectors showing declining trend in Export   | Sectors showing declining trend in Export   |
|---------------------------------------------|---------------------------------------------|---------------------------------------------|---------------------------------------------|---------------------------------------------|
| S. No.                                      | Sectors                                     | 2017-18(Apr-Nov)                            | 2018-19(Apr-Nov)*                           | %Change                                     |
| 1                                           | Cashew                                      | 657.58                                      | 435.29                                      | -33.80                                      |
| 2                                           | Coffee                                      | 642.75                                      | 531.99                                      | -17.23                                      |
| 3                                           | Iron Ore                                    | 933.55                                      | 787.32                                      | -15.66                                      |
| 4                                           | RMG of all Textiles                         | 11040.58                                    | 9976.14                                     | -9.64                                       |
| 5                                           | Marine Products                             | 5232.81                                     | 4793.70                                     | -8.39                                       |
| 6                                           | Rice                                        | 4960.21                                     | 4602.81                                     | -7.21                                       |
| 7                                           | Meat, dairy &poultry products               | 3117.57                                     | 2941.47                                     | -5.65                                       |
| 8                                           | Gems &Jewellery                             | 28025.64                                    | 27035.75                                    | -3.53                                       |
| 9                                           | Fruits &Vegetables                          | 1477.06                                     | 1439.93                                     | -2.51                                       |
| 10                                          | Tea                                         | 545.43                                      | 534.94                                      | -1.92                                       |
| 11                                          | Leather &leather products                   | 3512.32                                     | 3452.60                                     | -1.70                                       |
| 12                                          | Jute Mfg. incl Floor Covering               | 224.73                                      | 221.97                                      | -1.23                                       |
| Sectors showing declining trend in Import   | Sectors showing declining trend in Import   | Sectors showing declining trend in Import   | Sectors showing declining trend in Import   | Sectors showing declining trend in Import   |
| 1                                           | Pulses                                      | 2464.09                                     | 664.00                                      | -73.05                                      |
| 2                                           | Cotton Raw &Waste                           | 826.75                                      | 481.25                                      | -41.79                                      |
| 3                                           | Transport equipment                         | 14647.41                                    | 11480.36                                    | -21.62                                      |
| 4                                           | Pearls, precious& Semi-precious stones      | 22657.29                                    | 17828.32                                    | -21.31                                      |
| 5                                           | Vegetable Oil                               | 8177.64                                     | 6790.28                                     | -16.97                                      |
| 6                                           | Metaliferrous ores &other minerals          | 5712.36                                     | 5352.19                                     | -6.31                                       |
| 7                                           | Gold                                        | 23198.05                                    | 22083.09                                    | -4.81                                       |

Source: DGCI&S, Kolkata, (* Quick Estimates)

The main reasons for declining trend of exports/imports include global and domestic factors such as demand and supply in domestic and international markets, currency fluctuations, trade agreements between competing exporting countries with export destination countries,  non-tariff  barriers  by  export  destination  countries,  import  restrictions  by  India, cost of credit, logistics costs, etc.

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