Page 74 - International Marketing

NPP

76 International Marketing BRILLIANT'S

 During 2011-12, share of European Union in India's total imports
declined marginally to 11.7 percent from 12.0 percent during 2010-
11. On the other hand, the share of OPEC group of countries and
Africa rose during 2011-12.Country-wise, China continued to be
the largest source of imports with a share of 11.8 percent in total
imports, followed by the UAE, Switzerland, Saudi Arabia and the
US. These five countries together constituted around 37 percent
of India's imports. Among the OPEC countries, share of Indonesia,
Iraq, Kuwait and Saudi Arabia in India's imports increased
significantly, perhaps reflecting higher POL imports during 2011-
12. In contrast, the share of Iran in India's total imports declined
from 3.0 percent in 2010-11 to 2.8 percent in 2011-12.
Nonetheless, growth in imports from all OPEC countries, except
UAE, increased sharply during 2011- 12.
Trade Balance
The trade deficit for April-October, 2012-13 was estimated at US $
110212.91 million which was higher than the deficit of US $ 106805.58
million during April-October, 2011-12
(Figures in US $ million)
DEPARTMENT OF COMMERCE
ECONOMIC DIVISION
EXPORTS & IMPORTS

October April-October
EXPORTS (including re-exports)
2011-2012 23632.02 177915.69
2012-2013 23246.91 166922.57
% Growth 2012-2013/ 2011-2012 -1.63 -6.18
IMPORTS
2011-2012 41175.06 284721.27
2012-2013 44208.35 277135.48
% Growth 2012-2013/ 2011-2012 7.37 -2.66
TRADE BALANCE
2011-2012 -17543.04 -106805.58
2012-2013 -20961.44 -110212.91

Source: Ministry of Commerce and Industry,Government of India