Page 49 - ie2 August 2019

respectively in India’s global import of the three importers of India’s non-ferrous • Spain, Israel, and Mexico registered
same. metals and products during April-June substantial growth of more than 50 per-
• Malaysia, Philippines, and China expe- 2019-20 with 16.7, 12.9, and 11.6 percent cent in import of the product group from
rienced more than 20 percent growth in shares respectively in India’s global im- India during April-June 2019 as com-
import of products of iron and steel dur- port of the same. pared with the same period last fiscal.
ing April-June 2019-20. • Singapore, Egypt, Malaysia, Poland, • On the flipside, demand for India’s air-
• Iraq, Tanzania, Oman, Qatar, and Ku- and Oman experienced more than 100 crafts and spacecrafts from Seychelles,
wait conceded substantial decline in im- percent growth in import of non-ferrous Belgium, Switzerland, Germany, Singa-
ports by more than 30 percent for the metals and products during April-June pore, and France dropped more than 50
product group from India during April- 2019-20. percent on a y-o-y basis during April-
June 2019. • Greece, Bulgaria, Turkey, and Mexico June 2019-20 when compared to April-
conceded substantial decline in imports June 2018-19.
Export of industrial machinery by more than 60 percent for the prod-
• USA was the largest importer of Indian uct group from India during April-June Export of ships, boats and floating
industrial machinery during April-June 2019-20 vis-à-vis same period last fiscal. structures and parts
2019-20 with 16.2 percent share in India’s • UAE, Singapore, and Cyprus became
global import of the product group. Thai- Export of electrical machinery and the largest importers of ships, boats and
land and Bangladesh were the two imme- components floating structures followed by Malaysia
diate followers with 5.1 and 4.9 percent • USA, Germany, and UK were the and Indonesia. Their respective shares
shares respectively. three top importers of Indian electri- are 36.1, 27.2, 13.3, 7.28, and 3.41 per-
• Korea, Thailand, Nigeria, Japan, and cal machinery and components during cent.
France were among the major importing April-June 2019-20 with market shares • Imports to Cyprus and Malaysia re-
nations that witnessed highest growth in of 27.25, 11.2, and 9.25 percent respec- corded significantly large increase as
imports of industrial machinery from tively. Germany and France experienced they had practically no imports in April-
India during April-June 2019-20 over the a drop in imports during April-June June 2018.
same period last fiscal. 2019-20 compared to April-June 2018- • However, sharp decline was noticed in
• Among the major importers, Iran, Al- 19. exports to Saudi Arabia and Bangladesh.
geria, Turkey, Spain, Saudi Arabia, and • Mexico and Korea recorded more than In fact exports to these countries have
the Netherlands recorded over 20 percent 100 percent growth in imports from In- been less than $5 million in April-June
y-o-y decline in imports during April- dia during April-June 2019-20 vis-à-vis 2019-20. Whereas the exports dropped
June 2019-20. April-June 2018-19. Nigeria, UK, and to zilch for Belgium, Nigeria, Oman,
Poland recorded more than 50 percent Qatar, and South Africa.
Export of automobiles growth in imports of India’s electri-
• Mexico, South Africa, and USA were top cal machinery and components during Export of auto components
three importers of India’s automobiles dur- April-June 2019-20 when compared • USA remained the top importer of
ing April-June 2019-20 with 14.2, 9.4, and 8.9 with April-June 2018-19. auto components in April-June 2019-20
percent shares respectively in India’s global • China experienced sharp decline in its with a share of 23.37 percent. It was fol-
exports over the same period last fiscal. imports (73.23 percent) in April-June lowed by Brazil, Bangladesh, Germany,
• Israel, Vietnam, Kuwait, Saudi Arabia, and 2019-20 when compared to April-June and Turkey with respective shares of 5.4,
Italy recorded over 100 percent growth in im- 2018-19. It is also the case for Japan and 4.8, 4.7, and 4.8 percent.
ports of the product group from India dur- Canada, which experienced more than • Saudi Arabia, Peru, and Malaysia re-
ing April-June 2019-20 over the same month 45 percent drop. corded maximum increase of more than
last fiscal. 70 percent in imports from April-June
• Argentina, Belgium, Egypt, and Australia Export of aircrafts and spacecrafts 2019-20 when compared to April-June
saw their imports of automobiles fall by more • USA, UK, and France were the top 2018-19.
than 65 percent during April-June 2019-20 three importers of India’s aircrafts and • However, Myanmar, Turkey, and Sri
compared to the same period last fiscal. spacecrafts during April-June 2019-20 Lanka recorded significant decline of
with around 39.57, 14.92, and 10.8 per- more than 30 percent in April-June
Export of non-ferrous metals cent shares respectively in India’s total 2019-20 when compared to April-June
• Korea, USA, and Malaysia were the top global exports of the product. 2018-19.

AUGUST 2019 l INDIAN ENGINEERING EXPORTS l 49