BUDGET PRESENTATION 2018 ON EXPORT-IMPORT

1. Budget 2017-2018
Indian Export-Import
Scenario

2. Exports & Imports of India in last 5 Years
Year
Total Exports
(Mn.$)
Total Imports
(Mn.$)
Total Trade
(Mn.$)
Current A/c
Deficit/ Surplus
(Mn.$)
%age
change
2012-13 300,400.7 490,736.7 791,137.40 (190,336.00) -
2013-14 314,415.7 450,213.6 764,629.30 (135,797.90) 28.7%
2014-15 310,338.5 448,033.4 758,371.90 (137,694.90) -1.4%
2015-16 262,290.1 381,006.6 643,296.70 (118,716.50) 13.8%
2016-17 276,547.0 382,740.9 659,287.90 (106,193.90) 10.5%
Note: The trade balance in India is in Deficit since last 5 years, that is decreasing
year-on-year
Source: RBI

3. Current A/c Deficit
-200000
-180000
-160000
-140000
-120000
-100000
-80000
-60000
-40000
-20000
0
2012-13 2013-14 2014-15 2015-16 2016-17
Current A/c Deficit(Mn.$)

4. Foreign Currency Reserve
0
50000
100000
150000
200000
250000
300000
350000
400000
Dec.
2013
Dec.
2014
Dec.
2015
Dec.
2016
Dec.
2017
19th Jan
18
268469.7
295670.9
329191.46 336582.5
385103.9 390768.8
Foreign Currency (Mn. $)

5. Top 10 Commodities Exported from India
• Petroleum Products (11.83%)
• Pearl, Precious, Semiprecious Stones (8.69%),
• Gold & Other Precious Metal Jewellery (4.48%),
• Drug Formulations, Biologicals (4.27%),
• Iron And Steel (3.77%),
• RMG Cotton Incl Accessories (2.74%),
• Marine Products (2.68%),
• Motor Vehicle/Cars (2.62%),
• Products of Iron and Steel (2.23%) and
• Organic Chemicals (2.17%)
These top 10 principal commodities together accounted for about
45% of India’s total export.

6. Top 10 Commodities Imported in India
• Petroleum: Crude (17.68%),
• Gold (7.79%),
• Pearl, Precious, Semiprecious Stones (7.55%),
• Telecom Instruments (4.90%),
• Coal, Coke and Briquettes etc (4.79%),
• Petroleum Products (4.28%),
• Vegetable Oils (2.74%),
• Organic Chemicals (2.62%),
• Iron and Steel (2.38%) and
• Plastic Raw Materials (2.38%)
These top 10 principal commodities together accounted for
about 57% of India’s total import.

7. Top 10 Source Countries of Import

8. Top ten Destinations of Export

9. Amendments in the rate levied
on products under export -
import

10. COMMODITY FROM TO
FRUICT JUICE 30% 50%
SOLAR
TEMPERED
GLASS
5% NIL
MOBILE
PHONES
15% 20%

11. COMMODITY FROM T0
LCD/LED/LED
PARTS
7.5%/10% 15%
CKD
IMPORTS OF
MOTOR
VECHILE,
MOTOR
CARS
10% 15%
CBU
IMPORTS OF
MOTOR
VECHILE
20% 25%

12. COMMODITY FROM TO
PERFUMES ,
ORAL AND
DENTAL
HYGIENE
10% 20%
CASHEW
AND NUTS
5% 2.5%
MEDICAL
DEVICES
2.5% NIL
EDIBLE OILS 12.5% 30%

13. FACTS AND FIGURES OF EXPORT - IMPORT
2018

14. EXPORT ARE LIKELY TO EXPAND BY ABOUT 15%
DURING THE CURRENT FISCAL.
EXPORT IN SERVICES IN NOVEMBER 2017 WERE
VALUED AT $15.4 BILLION WHILE IMPORTS WERE
VALUED AT $9.64 BILLION.
AGRICULTURE PRODUCT ACCOUNT FOR OVER
10% OF THE COUNTRY’S TOTAL EXPORTS.
• EXAMPLE:-
TEA,COFFEE,RICE,CEREALS,CASHEW,SPICES,OIL
MEALS,MARINE PRODUCTS.

15. PROMOTION POLICIES OF EXPORT-
IMPORT 2018

16.  BUDGET 2018-19 HAS A FINANCIAL OUTLAY OF
RS.2500CR TOWARDS INTEREST SUBSIDY FOR
THE EXPORT SECTOR.
 EQUALISATION SCHEME(IES) ON PRE AND POST
SHIPMENT RUPEE EXPORT CREDIT WILL
PROVIDE INTEREST EQULISATION COVERAGE
OF MORE THAN ONE LAKH RUPEE CRORE
WORTH OF TRADE SHIPMENT

17. • AN OUTLAY IS PREPARED OF 500CR
TOWARDS INVESTMENT IN EXPORT
CREDIT GURANTEE
CORPORATION(ECGC).
• PROPOSAL TO SET UP STATE OF THE
ART TESTING FACILITATES 42 MEGA
FOOD PARKS WILL UNLEASH THE
POTNTIAL OF FOOD PROCESSING
EXPORTS.

18. SCHEMES 2017-18 2018-19
INVESTMENT IN
ECGC
50 500
INTEREST
EQUALISATION
1100 2500
MINISTRY OF COMMERCE AND
INDUSTRY (CRORE)

19. SOCIAL WELFARE SURCHARGE-
10% OF THE AGGREGATE DUTIES OF
CUSTOM ON IMPORTED GOODS.
GOLD IMPORT INCRESED
71% TO $3.3 BILLION
PUSHING INDIA’S DEFICIT OF
$14.8 BILLION.

20. CONCULSION :-
•Components of mobile phones and other electronics will
be costlier now with greater import duties. This is
ostensibly to promote ‘Make In India’.
•The basic and additional excise duties on petrol and
diesel have been replaced with a new road cess. This
basically tells the state governments to either control
their value added tax (VAT) on petroleum products or let
these products flow into the GST NET.