Foreign trade in India includes all imports and exports to and from India. At the level of Central Government it is administered by the Ministry of Commerce and Industry. Foreign trade accounted for 48.8% of India's GDP in 2018.
3. TOPICS TO DISCUSS
• EXPORTS AND IMPORTS
• TRADING PARTENERS OF INDIA
• TOP 10 EXPORT & IMPORT COMMODITIES
• TRADE STATISTICS
• TOP EXPORT & IMPORT DESTINATIONS OF INDIA
• EXPORT PROMOTION SCHMES BY GOVT. OF INDIA
4. EXPORT
Selling of goods and services from domestic country to another country.
To sell the surplus and to create foreign income.
Can benefit domestic economy.
IMPORT
Bringing of goods or services from another country to
home/parent/domestic country.
To fulfil the demand of lacking goods and services.
Excessive import can have negative impact on country’s economy.
TRADE BALANCE
Trade balance is the difference between the value of a country’s exports
and the value of it’s imports.
5. LARGEST TRADING PARTENERS OF INDIA
RANK COUNTRY EXPORTS IMPORTS TOTAL TRADE TRADE BALANCE
1 U.S 73.3 40.3 113.6 33.0
2 China 16.61 65.26 81.87 -48.65
3 U.A.E 28.81 30.22 59.03 -1.41
4 Saudi Arabia 6.39 20.32 26.71 -13.93
5 Switzerland 1.21 16.9 18.11 -15.69
6 Germany 8.21 13.69 21.9 -5.48
7 Hong Kong 13.7 20.34 34.04 -6.64
8 Indonesia 4.12 15.06 19.18 -10.94
9 South Korea 4.85 15.65 20.5 -10.8
10 Malaysia 3.71 9.08 16.93 -5.30
11 Singapore 7.72 9.31 16.93 -5.30
11. TOP 10 EXPORT DESTINATIONS
% Share in Apr-Nov 2020
% Share in Apr-Nov 2019
0
5
10
15
20
% Share in Apr-Nov 2020 % Share in Apr-Nov 2019
12. TOP 10 IMPORT DESTINATIONS
% Share in Apr-Nov 2020
% Share in Apr-Nov 2019
Series 3
0
2
4
6
8
10
12
14
16
18
% Share in Apr-Nov 2020 % Share in Apr-Nov 2019 Series 3
13.
14. EXPORT SCHEMES
• RoDTEP (Remission of Duties and Taxes on Exported Products)
• DBK (Duty Drawback )
• RoSCTL (Rebate of State & Centre Taxes and Levies)
• MAI ( Market Access Initiative Scheme)
• Advance Authorization
• EPCG (Export Promotion of Capital Goods)