Current trend in the Indian trade data

Entering the new phase of globalisation, India is at the centre of emerging economies around the world. Countries from around the world are looking to have a special bond with India. David Cameron, in recent past,expressed his desire to build a ‘special relationship’ with India which was reflected in the largest traded elegation ever to any country by a British prime minister. In the period between 2002 and 2016, East Asia has shown the most promise followed by South-East Asia and South America. South-East Asia’s growth reflects the importance of emerging markets in this new phase of globalisation. Its growth is backed up with a decline in import and export data from North America and Europe.



In March of 2018, Indian imports rose 7.2% to $ 42.8 million on a yearly basis. The amount rose mainly due to the purchase of petroleum, crude and other related products which account for 13.92% of our total imports. Followed by these are electronic goods which account for 2.53 and electrical and non-electrical purchase which is said to be around 33.41%. One of the notable business was seen in coal, coke and briquettes which was 44.7%.

Noticeable Import Trendsin Indian Trade Data

  • Mineral fuels, oil, bituminous substances and waxes account for 27% of the total imports whereas pearls, semi-precious stones and jewellery make up for 14% of the trade figure.
  • Electrical machinery and equipment (10%)
  • Nuclear Reactors, Mechanical Appliance, Machinery and Boilers (8%)
  • Organic Chemicals (4%).


As far as the exports are concerned, China is the biggest import partner at 16% and is followed by the United States (6%), United Arab Emirates (6%), Saudi Arabia (5%) and Switzerland (5%) respectively. China has considerably taken over the United States with regards to imports as in FY 2012-13, the US was India’s biggest import partner at 13.87% followed by UAE at 13.09%.

Noticeable Export Trends in Indian Trade Data

As compared to the imports, Exports have declined by 0.7% to $29.11 B. Considering the period between April 2017 to March 2018, exports rose to $ 302.8 billion.

Bottom line:

India’s trade deficit had widened to $13.69 billion in March 2018 from $10.65 billion a year ago. Import data rose to 7.2% year-on-year to $42.8 billion. As for the FY 17.18, the trade gap has widened sharply to $156.83 billion from $108.5 billion in FY 16/17. Imports jumped 19.6% to $459.7 billion whereas exports rose at a comparatively slower rate.

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