India’s share in global trade


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Uploaded on Jan 13, 2020

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India's share in global merchandise exports has risen from 0.6 percent in early 1990s to 1.7 percent in 2016, and similarly the share of imports has risen from 0.6 percent to 2.4 percent during the same period.

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India’s share in global trade

India’s share in global trade India import data https://www.usaimportdata.com/ India’s share in global trade India's share in global merchandise exports has risen from 0.6 percent in early 1990s to 1.7 percent in 2016, and similarly the share of imports has risen from 0.6 percent to 2.4 percent during the same period. Overall Exports and Imports for India The total value of imports (CIF) is US$ 444,052 million. At the HS6 digit level, 4,418 products are exported to 219 countries and 4,317 products are imported from 213 countries. https://www.usaimportdata.com/ Economy growth of India The economy of India is characterized as a developing market economy. It is the world's fifth-largest economy by nominal GDP and the third- largest by purchasing power parity (PPP). According to the IMF, on a per capita income basis, India ranked 142nd by GDP (nominal) and 119th by GDP (PPP) per capita in 2018. India export data https://www.usaimportdata.com/ What is the status of International Trade? International trade between different countries is an important factor in raising living standards, providing employment and enabling consumers to enjoy a greater variety of goods. International trade has occurred since the earliest civilisations began trading, but in recent years international trade has become increasingly important with a larger share of GDP devoted to exports and imports. https://www.usaimportdata.com/ Two important economy facts of world trade World exports as a % of GDP have increased from 12% in 1960 to around 30% in 2015. With an increased importance of trade, there have also been growing concerns about the potential negative effects of trade – in particular, the unbalanced benefits with some losing out, despite overall net gains. India importers data https://www.usaimportdata.com/ Some economy facts of India Officially named the Republic of India, India is a South Asian nation that shares land borders with China, Nepal and Bhutan to its north-east, Burma and Bangladesh to its east, and Pakistan to its west. India shipped US$323.1 billion worth of products around the globe in 2018. That dollar figure represents a 1.7% increase since 2014 and a 9.2% gain from 2017 to 2018. Applying a continental lens, almost half (49.3%) of Indian exports by value were delivered to fellow Asian countries. Another 19.3% was sold to European importers while 18% went to North America. Smaller percentages went to Africa (8.3%), Latin America (2.9%) excluding Mexico but including the Caribbean, then Oceania (1.3%) led by Australia. https://www.usaimportdata.com/ India’s Top Trading Partners Below is a list highlighting 15 of India’s top trading partners in terms of countries that imported the most Indian shipments by dollar value during 2018. Also shown is each import country’s percentage of total Indian ● Germany: $9 billion (2.8%) exports. ● Bangladesh: $8.8 billion (2.7%) ● United States: US$51.6 billion (16% of total Indian exports) ● Netherlands: $8.7 billion (2.7%) ● United Arab Emirates: $29 billion (9%) ● Nepal: $7.3 billion (2.3%) ● China: $16.4 billion (5.1%) ● Belgium: $6.8 billion (2.1%) ● Hong Kong: $13.2 billion (4.1%) ● Vietnam: $6.7 billion (2.1%) ● ●Singapore: $10.4 billion (3.2%) Malaysia: $6.5 billion (2%) ● Italy: $5.5 billion (1.7%) ● United Kingdom: $9.8 billion (3%) https://www.usaimportdata.com/ ● Saudi Arabia: $5.5 billion (1.7%) Contact Us +16467571060 , +91-9560057267 Give us a call [email protected] 24/7 online support Visit More Info : https://www.usaimportdata.com https://www.usaimportdata.com/ Thank You