Mobile phones, tobacco, processed food products, electronics, gold jewellery and leather goods have driven India<\/a>'s merchandise exports in the first six months of the fiscal at a time when global trade volume growth is slowing. 印度的电信设备出口同比上涨88.24%在助力FY23 50.3亿美元而黄金和其他珍贵金属珠宝增长22.24%至65亿美元,受消费者信心在美国、中东和香港。 手机、烟草、加工食品、电子产品、黄金首饰和皮革制品有驱动的印度在前六个月的商品出口的财政在全球贸易额增长正在放缓。
India's outbound shipments of telecom instruments rose 88.24% on-year in April-September FY23 at $5.03 billion while those of gold and other precious metallic jewellery grew 22.24% at $6.5 billion, buoyed by the consumer sentiment across the US, Middle East<\/a> and Hong Kong. Thailand, Switzerland and Singapore have emerged as new growth markets<\/a> for the country's gem and jewellery exports. Petroleum products exports grew a whopping 84.02% to $52.6 billion. Processed fruits and vegetables exports increased 42.42% during the period and those of electronic instruments were up 24% to almost $2 billion.
World trade growth is expected to slow down to 1% in 2023, down sharply from the previous estimate of 3.4%, due to global uncertainties, the World Trade Organization<\/a> said in its October forecast. India's merchandise exports in H1 of FY23 rose 16.96% on-year to $231.88 billion against $198.25 billion in the year-ago period.
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\"We have been working with all the stakeholders such as farmers, exporters, and processors to ensure that quality agricultural and processed food products are exported from the country,\" said M Angamuthu, chairman, Agricultural and Processed Food Export Development Authority<\/a>.
The country's overall export<\/a> of agricultural and processed food products has risen 25% to $13.7 billion in April-September FY23 compared to the same period last fiscal.
However, exports of iron and steel, organic chemicals, plastic raw materials, cotton fabrics and made-ups have been laggards, slowing the overall merchandise exports growth<\/a> to single digits in the second quarter of FY23. Their exports contracted 36.86%, 2.43%, 16.67% and 7.49%, respectively in the first half of 2022-23.
Slowdown in Europe<\/a> and China also contributed to the fall in the exports of engineering goods-of which iron and steel are key components-which account for nearly one-fourth of the total merchandise exports from the country.
\"Engineering exports have been experiencing a downward trend. In September, they recorded a 10.85% fall whereas in cumulative terms, that is April-September 2022, they exhibited a meagre rise of only 1.15%,\" said EEPC India chairman Arun Kumar Garodia, attributing the decline to an above 60% fall in iron and steel exports in September and a 15% export duty on iron and steel products applicable since May 21, 2022.
Commerce and industry<\/a> minister Piyush Goyal<\/a> is likely to meet export promotion councils and industry representatives on Monday to discuss issues related to India's trade.
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电子、石油产品、手机驱动H1出口增长
印度的电信设备出口同比上涨88.24%在助力FY23 50.3亿美元而黄金和其他珍贵金属珠宝增长22.24%至65亿美元,受美国消费者信心在,中东和香港。泰国、瑞士和新加坡已经成为新的增长市场为国家的宝石和珠宝出口。石油产品出口增长了84.02%,至526亿美元。加工水果和蔬菜出口期间增长了42.42%,电子仪器的增长了24%,达到近20亿美元。
“我们一直与所有的利益相关者如农民、出口商,和处理器,以确保质量农产品和加工食品出口的国家,”M Angamuthu说,主席,农业和加工食品出口发展局。
国家的整体出口农产品和加工食品的产品上升了25%,至137亿美元在助力FY23相比去年同期财政。
然而,钢铁出口、有机化工、塑料原料、棉织品和虚构的落后者,减缓整个商品出口增长在第二季度的FY23个位数。他们的出口萎缩了36.86%,2.43%,16.67%和7.49%,分别在今年上半年2022 - 23所示。
放缓欧洲和中国也导致了出口的下降工程货物钢铁是关键组件占总商品出口额的近四分之一。
“工程出口已经经历一个下降的趋势。9月,他们记录,累计下降了10.85%,而这是2022年的助力,他们表现出微薄的增长仅为1.15%,”主席说EEPC印度Arun Kumar Garodia下降归因于一个9月份钢铁出口下降60%以上,对钢铁产品征收15%的出口税适用自5月21日,2022年。
商业和行业部长总裁Goyal可能会满足出口促进委员会和行业代表周一讨论印度的贸易有关的问题。
Mobile phones, tobacco, processed food products, electronics, gold jewellery and leather goods have driven India<\/a>'s merchandise exports in the first six months of the fiscal at a time when global trade volume growth is slowing.
India's outbound shipments of telecom instruments rose 88.24% on-year in April-September FY23 at $5.03 billion while those of gold and other precious metallic jewellery grew 22.24% at $6.5 billion, buoyed by the consumer sentiment across the US, Middle East<\/a> and Hong Kong. Thailand, Switzerland and Singapore have emerged as new growth markets<\/a> for the country's gem and jewellery exports. Petroleum products exports grew a whopping 84.02% to $52.6 billion. Processed fruits and vegetables exports increased 42.42% during the period and those of electronic instruments were up 24% to almost $2 billion.
World trade growth is expected to slow down to 1% in 2023, down sharply from the previous estimate of 3.4%, due to global uncertainties, the World Trade Organization<\/a> said in its October forecast. India's merchandise exports in H1 of FY23 rose 16.96% on-year to $231.88 billion against $198.25 billion in the year-ago period.
\"We have been working with all the stakeholders such as farmers, exporters, and processors to ensure that quality agricultural and processed food products are exported from the country,\" said M Angamuthu, chairman, Agricultural and Processed Food Export Development Authority<\/a>.
The country's overall export<\/a> of agricultural and processed food products has risen 25% to $13.7 billion in April-September FY23 compared to the same period last fiscal.
However, exports of iron and steel, organic chemicals, plastic raw materials, cotton fabrics and made-ups have been laggards, slowing the overall merchandise exports growth<\/a> to single digits in the second quarter of FY23. Their exports contracted 36.86%, 2.43%, 16.67% and 7.49%, respectively in the first half of 2022-23.
Slowdown in Europe<\/a> and China also contributed to the fall in the exports of engineering goods-of which iron and steel are key components-which account for nearly one-fourth of the total merchandise exports from the country.
\"Engineering exports have been experiencing a downward trend. In September, they recorded a 10.85% fall whereas in cumulative terms, that is April-September 2022, they exhibited a meagre rise of only 1.15%,\" said EEPC India chairman Arun Kumar Garodia, attributing the decline to an above 60% fall in iron and steel exports in September and a 15% export duty on iron and steel products applicable since May 21, 2022.
Commerce and industry<\/a> minister Piyush Goyal<\/a> is likely to meet export promotion councils and industry representatives on Monday to discuss issues related to India's trade.
<\/p><\/body>","next_sibling":[{"msid":95341787,"title":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","entity_type":"ARTICLE","link":"\/news\/jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process\/95341787","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"95342546","title":"Have free-trade agreements helped India?","entity_type":"IMAGES","seopath":"news\/economy\/foreign-trade\/electronics-petro-goods-mobile-phones-drive-h1-exports-growth\/have-free-trade-agreements-helped-india","category_name":"Electronics, petro goods, mobile phones drive H1 exports growth","synopsis":"Representative Image","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-79992\/95342546.cms?width=150&height=112","link":"\/image\/economy\/foreign-trade\/electronics-petro-goods-mobile-phones-drive-h1-exports-growth\/have-free-trade-agreements-helped-india\/95342546"}],"msid":95344656,"entity_type":"ARTICLE","title":"Electronics, petro goods, mobile phones drive H1 exports growth","synopsis":"India's outbound shipments of telecom instruments rose 88.24% on-year in April-September FY23 at $5.03 billion while those of gold and other precious metallic jewellery grew 22.24% at $6.5 billion, buoyed by the consumer sentiment across the US, Middle East and Hong Kong. ","titleseo":"telecomnews\/electronics-petro-goods-mobile-phones-drive-h1-exports-growth","status":"ACTIVE","authors":[{"author_name":"Kirtika Suneja","author_link":"\/author\/479242995\/kirtika-suneja","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242995.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479242995,"author_name":"Kirtika Suneja","author_seo_name":"kirtika-suneja","designation":"Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2022-11-07 07:22:33","lastupd":"2022-11-07 07:24:27","breadcrumbTags":["exports growth","india","world trade organization","processed food export development authority","Markets","Export","europe","middle east","piyush goyal","Industry"],"secinfo":{"seolocation":"telecomnews\/electronics-petro-goods-mobile-phones-drive-h1-exports-growth"}}" data-news_link="//www.iser-br.com/news/electronics-petro-goods-mobile-phones-drive-h1-exports-growth/95344656">
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