Lok Sabha Question No. 1775 (UNSTARRED), answered on 2023-12-13
Subject: Exports/Imports
Ministry: COMMERCE AND INDUSTRY
Asked by: K. Jayakumar

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

## LOK SABHA UNSTARRED QUESTION NO. 1775 TO BE ANSWERED ON 13/12/2023

## EXPORTS/IMPORTS

## 1775.  DR. K. JAYAKUMAR:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मंत्री ) be pleased to state:

- (a) the year-wise exports and imports in physical quantity since 2014;
- (b) the item-wise details of exports and imports the share of which is about 10 percent of total annual exports and imports;
- (c) whether thrust areas of exports have been identified; and
- (d) if so, the efforts made to enhance exports in these areas?

## ANSWER

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## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SMT. ANUPRIYA PATEL)

- (a): The details of year-wise value of overall (Merchandise plus Services) exports and imports since 2013-14 are as below:

| India's Overall Trade (Value in US$ Billion)   | India's Overall Trade (Value in US$ Billion)   | India's Overall Trade (Value in US$ Billion)   |
|------------------------------------------------|------------------------------------------------|------------------------------------------------|
| Years                                          | Export                                         | Import                                         |
| 2013-14                                        | 466.22                                         | 528.95                                         |
| 2014-15                                        | 468.45                                         | 529.61                                         |
| 2015-16                                        | 416.60                                         | 465.64                                         |
| 2016-17                                        | 440.05                                         | 480.21                                         |
| 2017-18                                        | 498.61                                         | 583.11                                         |
| 2018-19                                        | 538.08                                         | 640.09                                         |
| 2019-20                                        | 526.55                                         | 602.98                                         |
| 2020-21                                        | 497.90                                         | 511.96                                         |
| 2021-22                                        | 676.53                                         | 760.06                                         |
| 2022-23                                        | 776.40                                         | 898.01                                         |

Source: DGCI&S

Exported/Imported quantity of different items is in different units, hence is not additive.

(b): The details of Merchandise export of top 5 major commodities during last year is as follows:

| Value in US$ billion   | Value in US$ billion            | Value in US$ billion   | Value in US$ billion   | Value in US$ billion   | Value in US$ billion   | Value in US$ billion   |
|------------------------|---------------------------------|------------------------|------------------------|------------------------|------------------------|------------------------|
| Sr. No:                | Commodity                       | 2020- 21               | 2021-22                | 2022-23                | 2023-24 (Apr-Oct)      | % Share                |
| 1                      | Engineering Goods               | 76.7                   | 112.2                  | 107.0                  | 61.6                   | 23.7                   |
| 2                      | Petroleum Products              | 25.8                   | 67.5                   | 97.5                   | 47.9                   | 21.6                   |
| 3                      | Gems And Jewellery              | 26.0                   | 39.1                   | 38.0                   | 18.6                   | 8.4                    |
| 4                      | Organic And Inorganic Chemicals | 22.1                   | 29.4                   | 30.3                   | 15.6                   | 6.7                    |
| 5                      | Drugs And Pharmaceuticals       | 24.4                   | 24.6                   | 25.4                   | 15.8                   | 5.6                    |

Source: DGCI&S (Figures for 2023-24 are provisional)

The details of Merchandise import of top 5 major commodities during last year is as follows:

| Value in US$ billion   | Value in US$ billion                      | Value in US$ billion   | Value in US$ billion   | Value in US$ billion   | Value in US$ billion   | Value in US$ billion   |
|------------------------|-------------------------------------------|------------------------|------------------------|------------------------|------------------------|------------------------|
| Sr. No:                | Commodity                                 | 2020-21                | 2021-22                | 2022-23                | 2023-24 (Apr-Oct)      | % Share                |
| 1                      | Petroleum, Crude And Products             | 82.7                   | 161.8                  | 209.4                  | 98.7                   | 29.2                   |
| 2                      | Electronic Goods                          | 54.3                   | 73.7                   | 77.3                   | 51.3                   | 10.8                   |
| 3                      | Coal, Coke And Briquettes, Etc.           | 16.3                   | 31.7                   | 49.7                   | 22.5                   | 6.9                    |
| 4                      | Machinery, Electrical And Non- Electrical | 30.1                   | 39.9                   | 45.4                   | 28.7                   | 6.3                    |
| 5                      | Gold                                      | 34.6                   | 46.2                   | 35.0                   | 29.5                   | 4.9                    |

Source: DGCI&S (Figures for 2023-24 are provisional)

(c) & (d): Over the years, the focus on Indian exports has been on more value added and high technology  products  like  engineering  goods,  electronic  goods,  processed  food  products, pharmaceutical products etc. Evaluation of performance of all export sectors and policy review is  an  ongoing  exercise  and  steps  are  taken  by  the  Government  from  time  to  time  based  on prevailing economic/trade scenario and competition position of India vis a vis the world. The Government has taken the following measures to enhance exports:

- (i) New Foreign Trade Policy has been launched on 31 st March, 2023 and came in to effect from 1st April, 2023.
- (ii) Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended upto 30.06.2024.
- (iii) Assistance  provided  through  several  schemes  to  promote  exports,  namely,  Trade Infrastructure  for  Export  Scheme  (TIES)  and  Market  Access  Initiatives  (MAI) Scheme.

- (iv) Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote labour oriented sector export has been implemented since 07.03.2019.
- (v) Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been implemented since 01.01.2021. With effect from 15.12.2022, uncovered sectors like pharmaceuticals, organic and inorganic chemicals and article of iron and steel has been covered under RoDTEP. Similarly, anomalies in 432 tariff lines have been addressed and the corrected rates have been implemented with effect from 16.01.2023.
- (vi) Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.
- (vii) Districts  as  Export  Hubs  has  been  launched  by  identifying  products  with  export potential  in  each  district,  addressing  bottlenecks  for  exporting  these  products  and supporting local exporters/manufacturers to generate employment in the district.
- (viii) Active  role  of  Indian  missions  abroad  towards  promoting  India's  trade,  tourism, technology and investment goals has been enhanced.
- (ix) Regular monitoring of export performance with Commercial Missions abroad, Export Promotion Councils, Commodity Boards/ Authorities and Industry Associations and taking corrective measures from time to time.

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