India trade reports

Indian exporters today, are expanding their geographical range and product diversification, with a visible shift towards higher value-added manufacturing and technology-driven items. Exports have remained strong even as the rupee appreciated against the dollar, which shows a strong demand for Indian exports. The moderation of global containerised trade growth reflects a broad-based slowdown in main economies due to declining growth in private consumption, trade tensions, political risks and financial volatility.”

Steve Felder, Managing Director - Maersk South Asia

Growth at a healthy 6% in Q1 2019

India’s containerised exports with the world witnessed a stable growth of 6% in the first quarter of 2019.

Highlights

  • India’s overall container export-import (EXIM) trade grew 3%* in Q1 2019 
  • North and West India drove trade with European and Mediterranean region 
  • East India saw the highest growth in exports to USA at 17% 

“Exports were driven largely by the East and West of India, which both contributed double digits to the growth. The import demand was buoyed by pharmaceuticals, metal, appliances and kitchenware, paper, chemicals and fruit & nuts, mainly from Northern Europe, South Asia, China and Russia.”

Steve Felder,  Managing Director Maersk for India, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives on Maersk Q1 2019 India Trade Report.

"As a result of India’s move to impose anti-dumping duty on select Chinese products including chemicals, pharmaceutical, and rubber and steel items, our imports of rubber and chemicals from Russia saw a significant growth, making Russia one of our important trade partners in the first quarter.”

Steve Felder,  Managing Director Maersk for India, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives on Maersk Q1 2019 India Trade Report.

“As the Indian logistics sector gears itself for a deeper implementation of new emerging technologies the industry needs to focus on skill development to enhance the export growth.”

Steve Felder,  Managing Director Maersk for India, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives on Maersk Q1 2019 India Trade Report.

Videos related to Q1 2018 trade report

366x220-india-01

Steve Felder on Q1 2018 Trade Report

Video 1

366x220-india-02

Steve Felder on Q1 2018 Trade Report

Video 2

366x220-india-03

Steve Felder on Q1 2018 Trade Report

Video 3