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June 9, 2001
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Money > Business Headlines > Report June 9, 2001 |
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Imports from US, Europe upBS Economy Bureau Imports from the US and European regions increased while the Asia and Oceania region's share decreased to 27.5 per cent during April-February 2000-01 against 45 per cent during the corresponding period last year. According to the dis-aggregated trade data released by the commerce department, a decrease of 35 per cent in imports from Asia and Oceania, which were estimated at $12.47 billion in the 11-month period last year, compared to $19.20 billion in 1999-2000, resulted in a decrease in the region's share. During April-February 2000-01, India's import bill amounted to $45.45 billion, which represented an increase of 6.79 per cent over the corresponding period in the previous year. Within the Asia and Oceania region, imports from Indonesia and all neighbouring countries increased, while the import growth from other countries was negative. Import growth from Nepal registered the largest increase among the countries in the region with a rise of 89.1 per cent to $208 million. Imports from China increased by 16.43 per cent to $13.34 billion, while imports from Bangladesh grew 8.76 per cent to $4 73 million. The decrease in the share of the Asia and Oceania region can be explained to the decrease in imports from Japan and Malaysia, which decreased by 22.44 per cent and 44.58 per cent respectively. Imports from Japan were estimated at $1.66 billion, while Malaysia's exports to India were valued at $1.04 billion. The UK continued to be India's largest source of imports with goods worth $2.8 billion coming into the country. Belgium overtook the US as the second largest source of India's imports, which were estimated at $2.64 billion. Imports from the US amounted to $2.54 billion. India's export to all regions, except Africa and South America, decreased during April-February 2000-01. While the share of Africa in India's exports remained at 5.3 per cent, Latin America's share increased from a meagre 0.1 per cent during April-January 1999-2000 to 1.3 per cent in 2000-01, on account of a 55 per cent growth to $498 million. During the 11-month period, exports to the US, India's largest market, increased 12.86 per cent to $8.47 billion. Exports to the UK also increased by the same amount to reach $2.06 billion. Powered by YOU MAY ALSO WANT TO READ:
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