India trade reports

The overall deceleration of trade growth reflects a broad-based slowdown across key economic sectors. Amidst increasing global volatility, a slower local economy and the USA’s withdrawal of preferential access for certain Indian products, India’s import-export trade is expected to continue to face headwinds in the coming months. However, the recently proposed export promotion scheme, coupled with a weaker rupee, is expected to boost Make in India and benefit multiple industries.

Steve Felder, Managing Director - Maersk South Asia


  • Overall imports grew at a mere 2% while exports remained flat 
  • Saudi Arabia emerged as one of the strongest export partners to India, while imports from Northern Europe grew
  • India’s exports to North America strengthened; vehicles growth slowed

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“Over the past many months, both international factors – such as slowing trade growth, and growing trade tensions – coupled with domestic factors – such as rural consumer distress, tightening liquidity and a slow-down in key manufacturing sectors, have impacted the country’s economic activity” -Steve Felder, Managing Director - Maersk South Asia

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“In India, consumption of paper is growing at 6-7% annually, mainly driven by an expanding middle class, urbanisation and rise in disposable incomes.” - Steve Felder, Managing Director - Maersk South Asia

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“While India’s export growth with the world stagnated, export growth to North America actually doubled to 15% in Q2 2019” - Steve Felder, Managing Director - Maersk South Asia

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“In its second term now, the Government is extremely focused enhancing the ease of doing business and reduce overall logistics costs for the industry through the new proposed draft National Logistics Policy”

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