Trends in India's Foreign Trade TRENDS IN EXPORTS India's exports by principal products/ groups for 2004-05 and 2005-06 (AprilNovember) During April-November 2005, there was significant increase in the exports of Coffee, Rice, Pulses, Guargum Meals, Meat & Meat Products, Poultry and Dairy Products, Spirit & Beverages, Shellac, Ores & Minerals, Gems & Jewellery, Sports Goods, Chemicals & Allied Products,
Engineering Goods, Project Goods, Carpets, Raw Cotton including waste, and Petroleum Products. commodities like Tea, Wheat, Castor oil, Spices, Nut& Seeds, Sugar & Molasses, Leather & Manufactures, Plastic and Linoleum, Fresh Fruits/ Vegetables, Floriculture Products, Cotton Yarn Made-ups, Fabrics Manmade Textiles Made-ups, Natural Silk
ORES AND MINERALS Exports of Ores and Minerals were estimated at Rs.13858 crore during April-November 2005 registering a growth of 27.3% over the same period of the previous year. Iron Ore, Mica, Processed Minerals, other Ores and Minerals, Coal have recorded positive growth of 32.4%, 11.4%, 22.3%, 17.4% and 11.0% respectively.
LEATHER AND LEATHER MANUFACTURES
Exports of Leather and Leather Manufactures recorded a marginal decline of 1.0%. The value of export decreased to Rs. 6812 crore from Rs. 6876 crore during the same period of the previous year. GEMS AND JEWELLERY The export of Gems and Jewellery during AprilNovember 2005 increased to Rs. 44588 crore from Rs. 38328 crore during the orresponding period of last year showing a growth of 16.3%.
CHEMICALS AND ALLIED PRODUCTS Basic Chemicals, Pharmaceuticals & Cosmetics, Rubber, Glass & Other Products and Residual Chemicals and Allied Products registered positive growth.
ENGINEERING GOODS ELECTRONIC GOODS & COMPUTER SOFTWARE IN PHYSICAL FORM TEXTILES AND HANDICRAFTS
IMPORT BY MAJOR PRODUCT CATEGORIES FERTILIZERS PETROLEUM CRUDE & PRODUCTS PEARLS, PRECIOUS AND SEMIPRECIOUS STONES
CAPITAL GOODS CHEMICALS AND CHEMICAL MATERIALS
DIRECTION OF INDIA'S FOREIGN TRADE
the share of Asia and Oceania region comprising South Asian, East Asian, Mid-eastern and Gulf countries accounted for nearly 46.7% of India's total exports. The share of West Europe and America in India's export stood at 24.2% and 21.1% respectively.
During the period, USA continued to remain the most important country of export destination (17.2%) followed by United ArabEmirates(8.0%), Singapore (6%), China (5.9%), Hong Kong(4.8%), UK (5%) and Germany (3.3%). Africa accounted for the highest growth in India's export at 27.7% followed by Asia & Oceania (15.7%), West Europe (17.0%) and