Exports - Indias exports recorded growth of 21.3% (CAGR) during the period FY03-FY13, and stood at USD 300.

2
billion in FY13.
Manufactured goods account for major share of exports (61.2% as of FY13), followed by petroleum and
crude products (20.1% in FY13) and agri-products (13.5% in FY13).
Contribution of petroleum and crude products in Indias export basket has risen over the years, while that of
manufactured goods has declined. Other commodity groups have registered range-bound changes in share.
Asia has always dominated as Indias exports-partner over the years; followed by Europe, America and
Africa. However, exports to America and Africa have declined from FY03 to FY13 and increased with Asia
instead.

Imports - The countrys imports, on the other hand, grew by 26.0% (CAGR) during the same period, FY03-FY13.
Value of imports in FY13 stood at USD 490.3 billion.
Imports may be classified as POL items (petroleum, oil and lubricants) and non-POL items. As of FY13, POL
items accounted for 34.5% of imports of the country and non-POL items accounted for the rest of 65.5%.
Within non-POL items, capital products and chemicals (and chemical related) products have been important.
Import sourcing appears to follow the same country composition as exports. India imports the most from
Asia, followed by Europe and America. Imports from both Asia and America to India have increased,
however from Europe has declined in FY13 (when compared with FY03).

Exports profile
Exports growth Indian exports have grown at robust annual average rate of 21.3% (CAGR between FY03 and FY13;
the value of exports rising from USD 52.7 billion in FY03 to 300.2 billion in FY13 .
The export value of FY13, comes marginally lower than the peak of USD 305.7 billion recorded in FY12, consequent
on global demand drying up to certain extent in the face of economic uncertainty and moderation in global growth.





52.7
63.9
83.5
103.1
126.3
163
183.1
178.3
250.8
305.7
300.2
0
50
100
150
200
250
300
350
FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13
US billion
US billion
Comparative picture of
commodities composition of
Indian exports, between FY03 and
FY 13

,

Agri- and allied products have registered high growth of 22.2% (CAGR, FY03-FY13) and stood at USD 40.6
billion in FY13.
Major agri- and allied commodities exported by India include basmati rice, marine products, meat and meat
products, oil meals, spices, wheat and sugar.
At USD 183.6 billion in FY13, manufactured goods have registered growth of 18.4% (CAGR, FY03-FY13).

Major manufactured goods, exported by India include engineering goods, chemicals and related products,
Textiles and ready-made garments.
The export of ores and minerals has grown by 12.1% (CAGR, FY03-FY13), to touch USD 5.6 billion in FY13,
while export of petroleum and crude products has registered exponential growth of 41.9% (CAGR, FY03-
FY13) to stand at USD 60.2 billion in FY13.

Major export items in us million
DESCRIPTION
FY 03 FY 13
AGRI & ALLIED PRODUCTS 6708 40612
BASMATI RICE 425 3561
RAW COTTON INCL WASTE 10 3639
GAURGUM MEAL 101 3892
MARINE PRODUCTS 1431 3459
MEAT& PREPARATION 285 3288
OIL MEALS 307 2906
SPICES 342 2813
SUGAR 366 1575
WHEAT 364 1926
6.7
2
40.2
2.6 1.2
40.6
5.6
183.6
60.2
10.3
0
20
40
60
80
100
120
140
160
180
200
FY 03
FY 13

ORES &MINERALS 1995 5554
IRON ORE 868 1599
PROCESSED MINERAL 550 2074

MANUFACTURING GOODS 4023
2
183,58
3
LEATHER &LEATHER PRODUCT 1848 4867
CHEMICAL & RELATED PRODUCT 5279 29482
DRUGS&PHARMACEUTICALS 2650 14584
ENGINEERING GOODS 8988 64854
METAL PRODUCT 1847 10027
TRANSPORT PRODUCT 1334 18396
ELECTRONIC GOODS 1252 8059
TEXTILE 5925 14407
READYMADE GRAMENT 5688 12916
OTHER MANUFCTURED ITEMS 12,50
3
57058
GEMS &JEWELLERY 9027 43425
PETROLUM & CRUDE PRODUCTS 2576 60180
OTHER COMMODITIES 1192 10286
TOTAL EXPORTS 52,70
3
30021
5