EXPORT INDEX🪡🧶 Flashcards
Why in news ?
March 21, India broke its merchandise export target of $400 billion for the first time ever, with 10 days to spare, the total exports at the end of the fiscal was $418 billion
FY-21-22
Exports on 21st was $400.8 billion
Merchandise- only tangible goods, no services.
_________% increase wasa it compared to FY 20-21
37% increase,from $292 billion
______% increase compared to FY 19(previous record)
21% from $331.02 billion
What was India’s imports during the period?What is its trade deficit?
a record $610.22 billion imports
a record $192.2 billion BOT deficit
What were the reasons for the Increase in exports?
pent-up global demand
commodity price hike
both due to Covid
Which good did India export the most?
Engineering goods India’s largest export item, contributing 26.9% of entire volume.
$111 billion at the end of the year.
which good witnessed the highest % increase ?
Export of petroleum products grew by 147.6 percent
How much agricultural goods did India export?
India’s single largest agricultural export — made up for 2.3% of all merchandise exports.
Which two countries soo %hike in exports from India?
exports to US increasing by 46 per cent, UAE increasing by 65 per cent
What were the major agricultural products that were exported?
export of (1)rice, marine products, wheat, spices and sugar.
total agricultural exports of India were 2.5 percent of world agricultural trade
Major goods that were exported?Major export destinations were?
Electronics goods,gems and jewellery,Engineeringgoods,Petroleum Products, Drug Formulations
(1)USA, Saudi Arabia, Iran, Nepal, and Bangladesh,china and UAE
Major import products and Import sources?
Crude Oil, Petroleum products and Gold
(1)China, USA, and UAE.
What is UNCTAD?when was it established , where is HQ?
United Nations Conference on Trade and Development intergovernmental organization ,,intended to promote the interests of developing states in world trade.
EST 1964 by UNGA
Hq- geneva
Goal of UNCTAD?under what does it come, whom does it have to report to?
“maximize the trade, investment and development opportunities of developing countries and assist them in their efforts to integrate into the world economy on an equitable basis”
United Nations Secretariat dealing with trade, investment, and
development issues.
UN General Assembly and United Nations Economic and Social Council
How many members UNCTAD
195 members
