indian import data, indian import ports, india import custom duty
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DESCRIPTIONAlong with studying global demands of goods/services Indian Import Data details, Daily lists of Indian ports like jnpt, Delhi, Chennai, nahava sheva, Mumbai. India Import Data provided by SEAIR EXIM.
- 1.Indian Import Data:India Custom Data Seair Exim Solution Along with studying global demands of goods/services Indian Import Data details, Daily lists of Indian ports like jnpt, Delhi, Chennai,nahava sheva, Mumbai. India Import Data providedby SEAIR EXIM.
2. Broad Outline Indias increased presence in the global economyaccompanied by increasing integration with thedeveloping Asia. Other than with China , integration with the mostdynamic segment of the region-South East Asia- hasincreased rapidly in the last few years. But has Indias presence made a significant impact ondeveloping Asian countries trade? If yes, where? What is the nature of integration where India has a largepresence? What is the impact of Indias investment on developingAsia? 3. Indias Increasing Presence in the Global EconomyIndia Relative to the World (Percentage Shares) 198519952000 2005 2006Exports of goods and services (Constant 2000 US$)India0.4 0.7 0.7 1.071.05Imports of goods and services (constant 2000 US$)India 0.490.81 0.811.00GDP (Constant 2000 US$)India1 1.3 1.4 1.81.9GDP, PPP (Constant 2005 international $)India2.6 3.3 3.7 4.44.5 4. Trends in the direction of trade: Evidence ofgreater Integration with developing Asia Share of Indias importsShare of Indias exports60.0 60.055.0 50.050.045.0 40.040.035.0 30.030.0 20.025.020.0 10.015.010.00.01998 1999 20002001 2002200320042005 20061998 1999 200020012002 20032004 2005 2006Industrial countriesAsian developing countries Industrial countriesAsian developing countriesIndias integration with developing Asia evident in bothexports and import trends. 5. Pattern of Integration with Developing AsiaIncreasing importance of China and South-East Asia inIndias exports and imports.South Asias role much smaller- especially in Indiasimports.Integration with China, SE Asia dominating aspect ofintegration with dev. Asia 6. Indias Presence in South-East Asian countries TradeIncrease in Indias presence in South-East Asiancountries trade, especially in recent years.But India has not yet made a big impact in overall tradeof the countries of this region- accounts for maximum 3%of trade 7. Indias Presence in South Asian countries TradeIndia relatively more important for South Asiancountries.Significant increase in Indias share in the case of SriLanka, Nepal and Pakistan.Indias importance for Bangladesh more or less constant 8. Nature and Pattern of South AsianCountries Integration with India:Bangladesh and Sri Lanka 9. Indias Share in Bangladeshs Export and ImportBilateral trade doubled from 1998 to 2006. Large informaltrade implies integration with India more than that shown byrecorded trade.But, in both, India more important as a source of importsand less as a market for Bangladeshs exports. 10. Reasons for Ballooning Trade Deficit Bangladeshs trade regime more liberal in terms of thelength of time, the coverage of items and pace,compared to India. Level of tariffs and other protective duties on importsin India, higher than in Bangladesh even in 2001 (Islam,2004). Between 1985 to 1999, 50% appreciation of the Takavis--vis the Rupee (World Bank, 2006), compared toits value in mid 1980s. Bangladeshs exports heavily biased towards textilesand ready made garments. India is itself an exporter of similar products and hencea competitor. 11. Other reason: Ineffectiveness of SAPTA/SAFTA Restrictions contained in the trade agreements SAPTA& SAFTA (e.g. limited product coverage, existence ofnegative list, restrictive rules of origin) Also, the preferences accorded by India not mucheffective - are limited in terms of products that are ofBangladeshs export interests. Para-tariff and non-tariff barriers, including restrictiverules of origin Rules of Origin (ROO) hinderBangladeshs exports to India. Quota fixed for textile exports by Bangladesh to Indiaunder trade agreement recently (since 2007) yet to befully utilised. 12. Composition of Bangladeshs Imports from India:1998-2003 and 2004-2006 Basic necessities like cereal & other food items form alarge part of imports in both periods. Other imports: intermediate goods, (cotton yarn,petroleum products, etc.), machinery, vehicles etc. 13. Some Salient Features: Disaggregated data Shift towards import of raw cotton and machines forprocessing textile fibres India is one of the top-3 suppliers of textile machineriesto Bangladesh in the world. Bangladesh depends on imports of input and machineryfor its textiles exports It seems Bangladesh has been able to effectively usetrade with India -by sourcing the required inputs andcapital goods - in sustaining export of its mostimportant foreign exchange earner - textiles and ready-made garments (RMG). 14. Composition of Bangladeshs Export to India: 1998-2003 and 2004-2006 India is an important market for Bangladeshs export ofchemical fertilisers (urea), and its input ; anhydrousammonia Since 2004, of the important markets-Australia, USA,France, etc. India the single largest market India accounted for nearly 88% of Bangladeshs export ofurea in 2007, from 10% in 1998. 15. Nature of Integration: ShallowSome diversification in Bangladeshs exports to India. ButIndia not a large market in overall exports.Integration confined to mainly cross-border trade. Someincrease in investment-but sporadic and not given rise tomuch trade-investment nexus yet.Some change has begun. FDI Inflow in Bangladesh (US $ Million)FDI 20002005 2006India8.4 2.71Global Total578.6 845.3490.3Indias share (%)1.450.32 0.20 16. Indias increasing importance for Sri Lanka In 1996, India replaced Japan as the largest source of imports toSri Lanka. India-Sri Lanka FTA (ISLFTA) implemented in 2000 and dutyfree access to Indian market by 2003 in many products. India has become even more important both as a destinationfor Sri Lankas exports as well as a source of imports by SriLanka. Growing importance of India in Sri Lankas exports: from 16th in2000, 3rd largest export destination since 2003. Growth in export earnings to India has far outstripped totalexport earnings for the country since 2001 and helped reduce 17. Indias Share in Sri Lankas Export and Import20.010.09.118.09.017.316.016.5 17.3 8.014.013.87.0 7.012.06.011.110.09.5 5.0 5.0 8.04.03.6 6.03.0 4.02.01.5 2.01.1 1.0 0.00.0 1999 2001 2003 2004 2002 2005Indias Share in Sri Lankas Import from WorldIndias Share in Sri Lankas Export to World 18. Composition of Sri Lankas Exports to India: 1999-2002 and 2003-2005Visible shift from agricultural to manufacturing goods.Refined copper products and vansapati, main drivers of exportgrowth in period 2003-2005.Some diversification in exports, rise of exports of electrical,electronic equipment - electric conductors and memory chips,between the two sub-periods 19. Strengths and weaknesses of Sri Lankas export success Momentum in Sri Lankas exports to India, spilled over toitems in Indias negative list-plastics, rubber articles,textile articles (Weerakoon, 2008) New products ceramics, value-added tea entered SriLankas exports to India (Kelegama, Mukherjee, 2007). But, export success driven mainly by 2 commodities-copper articles and vanaspati Likely to be more of trade deflection. The recently signedASEAN-India FTA could pose challenge to Sri Lankasexports of these products to India. 20. Investment links in Trade Integration with India has lead to inflow of FDI, in copperproducts, vanaspati, cement, automobile components,chemicals, electrical equipments. India now 5th largest investor- accounts for 6% p.a. Indian investment with a view to buy back for the dutyfree Indian market, has contributed to exports also. Increased diversion of investment towards --services -within manufacturing towards, machinery and transportequips. Growing opportunity for intra-industry links- jointventures already in tyres, plans to set us automobileassembly operations (Kelegama, 2009). 21. Composition of Indias outward FDI and Indiasimportance in FDI Inflows in select developing Asian countries Developed countries, together with Channel Islands (22%) and Mauritius (8%) accounted for 70% of Indias outward FDI between 2003-2007. Within developing Asia, more developed countries like Singapore and Hong Kong together accounted for another 8%. Therefore, barring countries like, Sri Lanka and Nepal, Indias share in other dev. Asian countries is meager. Increase in Indias investment in Indonesia, Thailand, China in 2007, although very small share. 22. Some Tentative Observations: Possibilities of Future IntegrationIndias integration with SE economies is in a nascentphaseThe high rate of growth in trade (and investment tosome extent), in the last few years, perhaps indicatesstrong potential for future integration.In this, India-ASEAN FTA is also expected to play animportant role.But India-ASEAN FTA could pose significant challengefor Sri Lanka India integration. That could also alterthe nature and pattern of integration witnessed thusfar. 23. Some Tentative Observations: Possibilities ofFuture Integration-contd. The global financial crisis and recession in the Northernmarkets, also highlight the need for diversification ofexport markets. Recent trade info, shows the initial signsof this happening. A lot however, depends on whether India can sustain itshigh growth path in the aftermath of the global crisis.Given increasing protectionism in the major markets ofIndias exports, thin chances of exports reaching theheights it had witnessed earlier. In this scenario, India hasto depend even more on domestic demand to spurgrowth. Whether or not that can happen is open todebate.