12,352.35-3.15
Stock Analysis, IPO, Mutual Funds, Bonds & More

India's share in world exports: 0.9%

India’s share in world merchandise exports has inched up to 0.9% after remaining stuck at 0.8% for three years.

, TNN|
Jul 25, 2006, 01.38 AM IST
0Comments
NEW DELHI: India’s share in world merchandise exports has inched up to 0.9% after remaining stuck at 0.8% for three years. Latest trade figures in the World Trade Report ’06 reveal that in calendar year ’05, India’s merchandise exports were worth $90bn which is approximately 0.89% of total global exports worth $10,121bn.

China’s share, on the other hand, increased from 6.67% in ’04 to 7.52% in ’05 with the country exporting goods worth $762bn during the year. The World Trade Report is brought out by the World Trade Organisation (WTO) annually.

While India’s share in world merchandise exports increased from 0.4% in 1992-93 to 0.7% in ’01 and subsequently to 0.8% the next year, it took three long years for the country to move another step further. At this rate, the target of reaching 1.5% of world trade by ’09 would be difficult to achieve.

To keep pace with the growth in world trade and grab a greater share of the international export market, India cannot afford to be complacent and self-congratulatory on achieving a 20%-30% annual growth. It has to strive to maintain the current momentum and aim higher.

In ’05, Germany topped the exporters chart by exporting merchandise worth $971bn. The US was second at $904bn followed by China at $762bn and Japan at $596bn. Exports from the Russian Federation in ’05 were valued at $245bn, while CIS countries exported goods worth $342bn during the year.



Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service