Financial Daily from THE HINDU group of publications
Saturday, May 06, 2006
Financial Daily from THE HINDU group of publications Saturday, May 06, 2006 |
|
|
|
|
|
|
|
Industry & Economy - Exports & Imports Traditional items drive exports in April-Dec 2005 G. Srinivasan
New Delhi , May 5 The close to 29 per cent growth of exports in dollar terms during the first three quarters of the fiscal 2005-06 stemmed essentially from salutary performance of traditional items like agri and allied products, chemicals and related products, gems and jewellery, engineering goods and, surprisingly, to a greater extent by textiles. These products together constitute more than 70 per cent of the country's aggregate exports. Disaggregated trade data for the period April to December 2005, compiled by the Economic Division of the Commerce Ministry based on provisional figures of the Directorate General of Commercial Intelligence & Statistics (DGCI&S), Kolkata, show that surprisingly petroleum products with a weightage of 11.21 per cent in total exports put up a splendid growth of close to 64 per cent at $8,003.61 million, against $4,953.78 million in the corresponding months of 2004. While exports of agri and allied products (weightage: 7.08 per cent) logged a growth of 19.04 per cent at $1,442.53 million, against $1,327.18 million, exports of gems and jewellery (15.41) recorded a growth of 18.01 per cent at $11,128.63 million ($9,430.21 million). Exports of chemicals and related products (14.94 per cent) clocked up a growth of 19.94 per cent at $10,788.29 million ($8,994.66 million). Engineering goods exports (18.4 per cent) posted a hefty 30.68 per cent growth at $13,288.78 million ($10,168.59 million).
Readymades outperform
Particularly noteworthy is the performance of textiles exports (14.95 per cent), which after a series of setbacks in the past couple of years, looked up by registering a robust 21.21 per cent at $10,799.64 million ($8,909.76 million). Within this category, exports of readymade garments, accounting for more than half of the textile exports, turned out to be a star performer notching up an impressive 34 per cent growth at $5,874.40 million during the first three quarters of last fiscal ($4,384.34 million). Even unclassified exports with a share of 3.51 per cent in aggregate exports did exceedingly well, growing by 65 per cent at $2,535.85 million ($1,539.84 million). However, low and negative growth was noticed in the export of primary and semi-finished iron and steel (-4 per cent), manmade yarn, fabrics and made-ups (-2 per cent). Destination-wise, India's exports to West Europe, which absorbs close to a quarter of the country's exports, posted a wholesome 32.72 per cent growth at $17,728.60 million during April-December 2005, against $13,358.26 million in the corresponding period of 2004. Asia and Oceania, which account for as much as 46 per cent of India's exports revealed an equally strong growth 27 per cent at $33,436.48 million ($26,426.46 million). While exports to the Americas (21.09 per cent) grew by 28 per cent at $15,236,63 million ($11,948.15 million), exports to Africa (6.84 per cent) registered an impressive 36 per cent growth at $4,942.09 million ($3,639.03 million). On the whole, exports during the first three quarters of the fiscal 2005-06 grew by 27.9 per cent at $72,228.74 million ($56,473.96 million). Among the top 15 countries for exports, the Netherlands logged the highest growth (71 per cent) followed by South Africa (63 per cent), Singapore (55 per cent), the UK (50 per cent), Sri Lanka (50 per cent) and China (46 per cent).
Bulk imports
On the import front, bulk imports accounting for a substantial share of 42.24 per cent in total imports, registered a high growth of 45.82 per cent at $44,070.93 million during the period under review ($30,222.14 million). Import of petroleum crude and products, which account for the next slot with a share of 30.17 per cent in aggregate imports, grew by a whopping 46.93 per cent at $1,476.94 million ($21,422.92 million). While import of machinery (10.66 per cent) registered a growth of 48.19 per cent at $11,125.50 million ($7,507.64 million), import of fertilisers (1.5 per cent) grew by a high 73.22 per cent at $1,568.44 million ($905.46 million). Electronics goods with a share of 9.09 per cent in total imports posted a growth of 32.27 per cent at $9,485.35 million ($7,171.25 million), import of gold and silver (8.16 per cent) showed a relatively supine growth of 15.68 per cent at $8,510.25 million ($7,356.98 million).
Destination-wise
India's imports from West Europe (21.45 per cent) grew by 33.1 per cent at $22,375.78 million ($16,811.66 million), import from East Europe (0.24 per cent) showed a massive 70.33 per cent growth of 79.33 per cent at $249.82 million ($139.31 million). Imports from Asia and Oceania (34.41 per cent) registered a wholesome growth of 32.6 per cent at $35,898.61 million ($27,072.83 million), while imports from the Americas (7.98 per cent) posted a relatively high 27 per cent growth at $8,330.34 million ($6,559.26 million). On the whole, import growth during the period under review was 36.81 per cent at $1,04,331.33 million ($76,261.27 million) Among the top 15 countries for imports, the highest growth came from Russia (74 per cent), followed by Germany (55 per cent), South Korea (38 per cent), the UK (32 per cent) and Switzerland (30 per cent).
More Stories on : Economy | Exports & Imports
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|