News Updates

Recent developments in the trade industry

Export Import Newsletter 20th December 2021

Export Import Newsletter 20th December 2021

India’s merchandise exports jumped 27.16% to USD 30.04 billion in November on the back of good performance by sectors like petroleum products, engineering goods and electronic items. The exports stood at USD 23.62 billion in November 2020. Imports in November were at USD 52.94 billion, showing an increase of 56.58% over inbound shipments of USD…

Export Import Newsletter 07th December 2021

Export Import Newsletter 07th December 2021

India’s growth in exports slowed down in November to 26.49% totalling $29.88 billion with items such as gems and jewellery and pharmaceuticals registering a decline. As the imports have grown by 8%, the trade deficit has more than doubled to $23.27 billion. Outward shipments of engineering goods, which accounted for 28.19% of total exports in…

Export Import Newsletter 16th November 2021

Export Import Newsletter 16th November 2021

India slipped to eighth position in 2020 in terms of its share of merchandise exports among developing economies, while China, the Republic of Korea, and Mexico remained the top traders. In terms of service exports and imports, China, India, and Singapore bagged the top positions. While India has been dipping in global rankings of merchandise…

Export Import Newsletter 2nd November 2021

Export Import Newsletter 2nd November 2021

In the last few months, India has seen tremendous growth in export value in several sectors. Be it because of rising prices or rising volumes. Although recently, India has been facing troubles with China, one of its biggest trade partners. China has set up non-tariff barriers which is raising concerns in the Indian export community, at…

Export Import Newsletter 22nd October 2021

Export Import Newsletter 22nd October 2021

Once again postponed from October 2021 to March 2022, the next Foreign Trade Policy (FTP) (following FTP 2015-20) wants to grow India’s annual goods and services exports to over US$1 trillion by FY 2026-27. Key objectives will include ensuring India’s greater integration with the global supply chain and reducing logistics costs. To reach its goals…

Export Import Newsletter 12th October 2021

Export Import Newsletter 12th October 2021

India’s export growth prospects are likely to get a boost from the World Trade Organization’s (WTO) latest report that now sees a brighter global merchandise trade outlook for 2021 compared to its earlier projections. India’s exports to its top trading partners such as the US, European Union, nations in West Asia, among others, are expected…

Newsletter 01st October 2021

Newsletter 01st October 2021

Over the past few months, there has been a high degree of optimism regarding India’s export prospects, with commerce minister Piyush Goyal setting a target of $400 billion for FY22. India’s exports surged on the back of consistent recovery of the global economy, especially in the country’s main export destinations. The US and China, the…

Newsletter 23rd September 2021

Newsletter 23rd September 2021

Indian exports continue to make a comeback from the lows of the year 2020, but container services are still struggling to keep up with this rising demand.  Because of this, competition for containers is getting fierce and rates are on the rise, despite carrier announcements regarding spot rate caps. Even regional operators have increased the…

Export Import Newsletter 12th October 2021

Export Import Newsletter 12th October 2021

According to India Exim Bank, India’s merchandise exports during the second quarter of FY22 are expected to be $98.45 billion and non-oil exports to be $85.63 billion as against $74.02 billion and $66.73 billion respectively logged during corresponding period, last year. The rise in India’s exports could be attributed largely to the low base effect,…

Newsletter 9th September 2021

Newsletter 9th September 2021

After being disrupted due to the first wave of the COVID-19 pandemic, exports had begun to rise in December of 2020. Due to the low base effect (the tendency of a small absolute change from a low initial amount to be translated into a large percentage), merchandise exports grew substantially at 193.63 %in April 2021…

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