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International Trade Between India & Africa

8 percent over the preceding fiscal year. Exports to Africa represented six-percent of India's total exports. The value of imports from Africa during the 2003-2004 fiscal year was US$3.2 billion, a decrease of seven-percent from the preceding fiscal year. Imports from Africa represented 4.1 percent of India's total imports. The value of total trade between India and Africa during the 2003-2004 fiscal year was US$7 billion, and increase of 7.7 percent over the preceding fiscal year. Total trade with Africa during the 2003-2004 fiscal year represented five-percent of India's total international trade (Department of Commerce, Government of India, 2005).

The top three African trading partners with India are South Africa, Nigeria, and Egypt. Detailed export and import data covering India's trade with these three African countries are presented in the charts that follow. The data presented in these charts were obtained from the United Nations COMTRADE database. While the data are the latest published trade data between India and the five countries, the data do not reflect 2004 trading activities.

India's Export of Principal Commodities to South Africa

VALUE IN US$ MILLION APRIL - DEC., 2002

VALUE IN US$ MILLION APRIL - DEC., 2003

% AGE GROWTH / DECLINE APR - DEC 2003 / APR - DEC 2002

Readymade Garments of Cotton including accessories

Drugs, Pharmaceuticals & Fine Chemicals

Cotton Yarn, Fabrics, Madeups, etc.

Primary & Semi Finished Iron & Steel

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International Trade Between India & Africa. (1969, December 31). In LotsofEssays.com. Retrieved 09:26, April 27, 2024, from https://www.lotsofessays.com/viewpaper/1696493.html