Commerce

TOP 5 COMMODITIES OF EXPORTS 2013-2014:

  1. Petroleum (Crude and Products),
  2. Gems and Jewellery
  3. Transport Equipments
  4. Machinery and Instruments
  5. Drugs, Pharmaceuticals and Fine Chemicals.

TOP 5 IMPORT ITEMS CONSTITUTE:

  1. Petroleum (Crude and Products),
  2. Electronic Goods,
  3. Gold, Pearls,
  4. Precious and Semi—Precious Stones
  5. Machinery except Electrical and Electronic goods

TOP FIVE COUNTRIES OF EXPORT

  1. USA (12.42%)
  2. United Arab Emirates (9.7%)
  3. China (4.77%)
  4. Hong Kong (4.05%)
  5. Singapore (3.94%)

TOP FIVE COUNTRIES OF IMPORT

  1. China (11.39%)
  2. Saudi Arabia (8.12%)
  3. United Arab Emirates (6.41%)
  4. USA (499%)
  5. Switzerland (4.14%)
  • The Trade deficit during 2013-14 decreased to Rs.820000 crore as against 1034843 crore during 2012-13.
  • During the period 2013-14, the share of Asia region comprising East Asia, ASEAN, West Asia—Gulf Cooperation Council (GCC), Other West Asia, NE Asia and South Asia accounted for 45% of India’s total exports.
  • The share of Europe in India’s exports stood at 57% of which EU Countries (27) comprises 16.44%.
  • Both North and Latin America stand third together as a region with a share of 17.23% in India’s total exports.
UPSC Prelims 2025 Notes