• SENSEX  
    ( 1.05%)
  • USDINR  
    ( -0.20%)
  • GOLD  
    ( 0.68%)
  • Economy News - Detailed News
India's share in world merchandise exports increased : PHD Chamber
23-Jul-19   08:52 Hrs IST

Amid robust economic reforms, especially reforms in the trade policy environment during the last few years, India's presence in world merchandize exports remains intact and an uptick has been observed in India's share in world merchandise exports from 1.60% in 2015 to 1.68% in 2018, said the Industry body, PHD Chamber of Commerce and Industry in a press statement issued here today.

Value of India's merchandize exports increased by 22% from USD 264 billion in 2015 to USD 323 billion in 2018 which is the second highest after Netherlands. Merchandise exports of Netherlands registered highest growth at 27%, increased from USD 571 billion in 2015 to USD 723 billion in 2018, said the industry body PHDCCI.

Exports from United States increased only 11% from USD 1502 billion in 2015 to USD 1664 billion in 2018 and China's exports grew only 10%, increased from USD 2273 in 2015 to USD 2464 in 2018.

Trade tensions between USA and China seems impacted their share of merchandize exports and growth of exports significantly. China's share in world merchandize exports has declined from 13.73% in 2015 to 12.97% in 2018, while USA's share in world merchandize exports has declined from 9.07% in 2015 to 8.65% in 2018.

Few of the advanced economies of the top ten World exporters including Germany, Japan, Netherlands and Italy were also able to increase their respective shares in the World exports during the last 3 years from 2015 to 2018. Germany's share in world exports increased from 8.02% to 8.10%, Japan from 3.77% to 3.84% and Netherlands from 3.45% to 3.76% and Italy from 2.76% to 2.84%.

However, countries such as Korea, Hong Kong, France and UK faced deceleration in their respective share in the World exports during the same period. Korea's share in world exports has declined from 3.18% to 3.15%, Hong Kong's share from 3.08% to 2.96%, France's share from 2.98% to 2.96% and UK's share from 2.82% to 2.53%.

While apprehending about the recent escalation in the trade war between USA and China, the Industry body said that trade wars are not in favour of the world economy; the volume of world exports are likely to shrink if further escalations in trade war between USA and China continue.

The further improvement in logistics infrastructure and trade facilitation measures would enhance India's exports growth trajectory and create millions of new employment opportunities, said the Industry body.

To harness the export potential of the country, the overall ease of doing exports is needed to be further enhanced in terms of easier access to raw materials, building linkages for strong marketing of products, improving labour productivity, labour flexibility and capital efficiency.

Powered by Capital Market - Live News

Useful Links

Back to Top
Attention Investors
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.............issued in the interest of investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account                                    "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Investors should be cautious of unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.BSE   http://www.bseindia.com/investors/tip-off-registration.aspx?expandable  NSE   https://www.nseindia.com/int_invest/dynacontent/any_portal.htm
All payments to Stock Broker shall be received from the market intermediaries/participants strictly by account payee crossed cheques / demand drafts or by way of direct credit into the bank account through electronic fund transfer, or any other mode permitted by the Reserve Bank of India. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the Bank Account of Stock Broker.
Group Companies Members of : BSE, NSE, MCX, MCX.SX, CDSL, NCDEX, Broking Services, Depository Services, Portfolio Management Services, Member Area IPO Distribution, Insurance Broking
BSE Clearing No.: 911 | SEBI Regn. No.: INZ000177531 (Cash/F&O) | NSE Clearing No.: 11858 | SEBI Regn. No. INZ000177531 (Cash/F&O/CDs) | MCX-SX Clearing No.: 11400 | SEBI Regn. No.: INZ000177531 (CDs) | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DPCDSL-210-2003 | MCX SEBI Reg No.: INZ000032336 | MCX: 10665 | NCDEX: 00254 | NBFC RBI Regn. No.: 13.01851
© Copyright 2018 Ajmera Associates Ltd ( ISO 9001:2015 Certified )
Designed, Developed and Powered By CMOTS Infotech ( ISO 9001:2015 Certified )
Open An Account Today !