dimensions of india’s export trade with...

Chapter-IV

DIMENSIONS OF INDIA’S EXPORT TRADE WITH UNITED ARAB EMIRATES – AN

ANALYSIS

The discussion in this core chapter of the thesis is focused on

India’s export trade with the United Arab Emirates. The analysis of

the export trade covers a period of 15 years from 1996-97 to 2010-

11. The data on the export trade have been analysed relating to the

three aspects of India’s export trade with United Arab Emirates viz.,

(i) Quantitative analysis of the value of Indian exports to UAE

during the period from 1996-97 to 2010-11. The analysis is made

by looking into the exports to UAE during the later years of the 90s

and the value of export earnings during the first decade of the new

millennium. An attempt is made to assess the UAE’s share in India’s

total exports during the period and the rate of growth of UAE’s

share in India’s exports. A comparison is also made with the rate of

export growth of India with the UAE’s share and its growth rate

relating to the growth of Indian exports during the corresponding

period.

(ii) The second part of the analysis is related to the

significance of the position of UAE’s in relation to the other major

trade partners of India in its export trade. UAE’s rank in the export

trade of India during the 15 year period along with other major

trade partners of India in this context has been highlighted.

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(iii) The third part of the analysis in this chapter of the thesis

relates to the commodity composition of India’s exports to United

Arab Emirates. Major export commodities from India to the UAE

have been described and the potentials for future expansion of

exports of these commodities have been explained.

India’s Exports to United Arab Emirates – Growth Trends

during 1996-97 to 2010-11

A continuous uptrend in India’s exports to United Arab

Emirates is observed during a decade and a half from 1996-97 to

2010-11. This trend of export trade of India with the United Arab

Emirates during this post liberalization period is positively indicated

both in terms of the share of United Arab Emirates in India’s total

exports and also in terms of the growth rate of India’s exports to

the UAE during the corresponding period.

The share of UAE (United Arab Emirates) in India’s exports

rose from 4.41 percent in 1996-97 to 4.68 percent in 1997-98

registering an annual growth of 10.40 percent. This was higher than

the growth of India’s total exports at 3.93 percent during the same

period. The share of UAE in India’s exports in 1998-99 rose to 5.62

percent and the growth rate to 14.61 percent which was much

higher than India’s total export growth of -4.50 percent. There has

been a further rise in the share of UAE’s in India’s exports in 1999-

2000 to 5.65 percent. Growth rate of UAE’s share in India’s total

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exports was 11.52 percent in 1999-2000, while growth rate of

India’s exports was 10.85 percent.

The details of the share and growth of UAE in India’s total

exports during second half of 90s of the post-liberalization period

have been provided in the following table.

Table 4.1

Share of UAE in India’s Total Exports and the Growth Rate during

the Second Half of the 90s from 1997-98 to 1999-2000

Year India’s Total Exports US $

Million

Share of UAE in India’s

Exports (%)

Growth of UAE’s Share in India’s

Exports (%)

Growth of India’s

Exports (%)

1997-98 34784.98 4.68 10.40 3.93

1998-99 33218.72 5.62 14.61 -4.50

1999-2000 36822.49 5.65 11.52 10.85

Source: Department of Commerce, Govt. of India.

The details in the above table indicate a continuous increase

in UAE’s share in India’s total exports during the three years in the

second half of 90s. The growth rate of UAE’s share in India’s total

exports has shown a trend of fluctuations. However the growth rate

of UAE’s share in India’s total exports has been higher than the

growth rate of India’s total exports during the corresponding period.

UAE’s Share in India’s Total Exports During the First Decade

in the New Millennium

There has been an expansion of a higher magnitude in the

total exports earnings by India during the first decade of the New

Millennium from 2000-01 to 2010. Similarly the share of UAE in the

113

total exports of India too has gone up substantially during the

corresponding period. Growth rate of the share of UAE in India’s

exports as well as the growth rate of India’s total exports during

2000-01 have been at a high level.

The total exports of India in 2000-01 stood at US $ 44560.29

million registering a growth of 21.01 percent over the previous

year. The UAE’s share in India’s total exports rose to 5.82 percent

registering a growth of 24.72 percent over the previous year. Thus

the growth of UAE’s share in India’s total exports at 24.72 percent

in 2000-01 was higher than the latter’s total exports growth of

21.01 percent. This trend indicates growing trade relation of UAE

with India since the liberalization of India’s economy from the early

part of 90s.

The higher growth of UAE’s trade with India is further

observed during the subsequent period with a slow down in the year

2001-02. India’s total exports declined to US $ 43826.72 million in

2001-02 and the exports registered a negative growth of -1.65

percent over the previous year. Similarly UAE’s share in India’s

exports declined to 5.68 percent and the rate of growth too showed

a negative trend with -4.07 percent in 2001-02.

A good revival of the export growth from India and UAE’s

share in India’s total exports have been recorded in the subsequent

period. Total exports from India reached a high of USD 52719.43

million in 2002-03. It amounted to a growth rate of 20.29 percent

114

over the previous year. Similarly UAE registered a high share of

6.31 percent in India’s total export earnings during the

corresponding period. It amounted to a growth rate of 33.54

percent over the previous year. India’s total exports went up further

to a high of USD 63842.55 million in 2003-04 with a growth rate of

21.10 percent over the previous year. Similarly UAE’s share in

India’s total exports went up by 8.02 percent and growth rate of

UAE’s share in India’s total exports increased by 54.04 percent. The

year 2004-05 witnessed a further growth of India’s total exports to

US $ 83535.94 million registering a growth rate of 30.85 percent

over the previous year. Similarly UAE’s share in India’s total exports

went upto 8.79 percent with a growth rate of 43.36 percent. Thus

UAE’s share in India’s total exports grew at a higher rate than the

growth rate of India’s total exports.

The performance of India’s export trade and the share of UAE

in the total exports of India have been impressive during the year

2005-06 though at a lower level compared to the position in 2004-

05. Total exports from India in 2005-06 stood at USD 103090.53

million which is much higher compared to the previous year.

However the growth rate of Indian exports was at a lower level of

23.41 percent. Similarly the share of UAE in India’s total exports

was lower at 8.33 percent and the growth rate was at lower level of

16.93 percent.

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There has been a steep rise in India’s total exports during

2006-07. Total export rose to a high of USD 126414.05 registering

a growth rate of 22.62 percent. UAE’s share in India’s total exports

rose to 9.50 percent and the growth rate is much above the growth

rate of India’s total exports during the corresponding year.

The rising trend in the growth of India’s export earnings and

the share of UAE’s in the total export earnings has been sustained

in the subsequent period in the decade of the new millennium. The

total export earnings of India in 2007-08 stood at USD 163132.18

million with a growth rate of 29.05 percent which is much above the

growth rate for the previous year. The share of UAE in India’s total

export earnings has gone up to 9.58 percent which is more than its

share in the previous year. However the growth rate of this share

slowed down to 30.07 percent. The growth rate of UAE’s share in

India’s total exports in 2007-08 is above the growth rate of India’s

total exports during this period.

India’s total export earnings and the share of UAE in the total

exports have much higher in the year 2008-09 compared to the

previous year of 2007-08. The total exports earnings of India in

2008-09 amounted to USD 185295.36 million with a growth rate of

13.59 percent. The growth rate is lower compared to the previous

year though the absolute amount of export earnings during the year

2008-09 was higher at 13.21 percent compared to the previous

year. The growth rate of UAE’s share in India’s total export earnings

116

was the highest at 56.54 percent, during 2008-09 compared to the

growth rate during all the entire period from 1996-97 to 2010-11.

The performance of India’s export trade during the year 2009-10

has been at a low level. Similarly the growth rate of UAE’s share in

India’s total exports too has been much below the level recorded in

2008-09. The total export earnings of India in 2009-10 stood at

USD 178751.43 million with negative growth rate of -3.53 percent.

The UAE’s share in India’s total export earnings was at 13.40

percent and the growth rate of the UAE’s share in India’s total

exports was negative at -2.07 percent.

The data regarding India’s total export earnings and the share

of UAE in the same have been available for the period April-June

2010-11. The total export earnings of India during this period

amounted to US $ 52709.81 million UAE’s share in India’s total

export earnings during this period stood at US $ 7385.39 million

accounting for 14.01 percent.

The following table provides the details of the India-UAE

export trade relations during the first decade (2000-01 to 2010-11)

of the new millennium in terms of total export earnings of India and

UAE’s share in the same period.

117

Table 4.2

UAE’s Share in India’s Total Exports and the Growth Rate during

2000-01 to 2010-11

Year India’s Total Exports (US $

Million)

UAE’s Share in India’s Total Exports (%)

Growth of UAE’s Share in India’s

Exports (%)

Growth of India’s Exports

(%)

2000-01 44560.29 5.82 24.72 21.01

2001-02 43826.72 5.68 -4.07 -1.65

2002-03 52719.43 6.31 33.54 20.29

2003-04 63842.55 8.02 54.04 21.10

2004-05 83535.94 8.79 43.36 30.85

2005-06 103090.53 8.33 16.93 23.41

2006-07 126414.05 9.50 39.97 22.62

2007-08 163132.18 9.58 30.07 29.05

2008-09 185295.36 13.21 56.54 13.59

2009-10 178751.43 13.40 -2.07 -3.53

2010-11

(April-June)

52709.81 14.01 - -

Source: Department of Commerce, Govt. of India.

Significance of United Arab Emirates in India’s Export Trade

1997-98 to 2010-11

There has been a growing trade relationship between India

and United Arab Emirates during the post liberalization period. It is

clear from the increasing value of export trade during this period.

Based on the value of export trade with India the United Arab

Emirates has been occupying a higher rank among the top six

countries to whom India has been exporting during the above period.

118

Table 4.3

UAE’s Rank among the Top Six Export Markets for India

Year Rank

I II III IV V VI

1997-98 USA UK Hong Kong Germany Japan UAE

1998-99 USA Hong Kong UAE UK Germany Japan



2001-02 USA UAE Hong Kong UK Germany Japan

2002-03 USA UAE Hong Kong UK Germany China

2003-04 USA UAE Hong Kong UK China Germany

2004-05 USA UAE China Singapore Hong Kong UK

2005-06 USA UAE China Singapore UK Hong Kong

2006-07 USA UAE China Singapore UK Hong Kong

2007-08 USA UAE China Singapore UK Netherlands

2008-09 UAE USA China Singapore Hong Kong UK

2009-10 UAE USA China Hong Kong Singapore Netherlands

2010-11 (April-June)

UAE USA China Singapore Hong Kong UK

Source: Derived from ‘Export Import Data Bank’, Dept. of Commerce, Govt. of India

India’s exports in terms of value to UAE were limited till late

90s. UAE ranked sixth in terms of value of exports from India in

1997-98. A quick increase in India’s export trade then onwards

resulted in UAE occupying third rank in the very next year in 1998-

99. UAE held the same position in the next two years 1999-2000

and 2000-01 indicating its significance as an important destination

119

for India’s exports. A further improvement in UAE’s position as an

important trade partner is indicated from the enhanced exports

from India raising its position as the second largest export market

for India’s exports. UAE occupied the second rank for India’s

exports in 2001-02 next only to USA. The significance of UAE for

India’s export trade is clear from the fact that UAE occupied second

rank next to USA as the export market for India in the subsequent

period from 2002-03 to 2007-08. Currently UAE is the largest

export market for Indian exports since 2008-09. UAE replaced the

traditional dominance of USA as the largest export market. Hence

UAE occupies the first place in terms of value of exports from India

till 2010-11. The gradual but substantial improvement in UAE’s

trade relations is clear from the emergence of UAE as the largest

buyer of India’s exports.

Commodity Composition of India’s Exports to United Arab

Emirates (UAE)

India’s export to United Arab Emirates consists of some

traditional and non-traditional commodities. The following major

commodities are exported to the UAE.

Gems and Jewellery

Chemicals and Allied Products

Engineering Goods

Cotton Yarn, Fabrics and Made ups, etc.

Readymade Garments

120

Cashew including Cashew nut Shell and Liquid

Marine Products

Tea

Rice

Tobacco

Spices

The rapid development of trade links between India and UAE

has led to a good amount of export trade diversification as could be

seen from the above list of principal commodities exported to UAE

from India. The principal exports from India to UAE consist of

traditional items like Gems and Jewellery, Cotton Yarn and Fabrics,

Tea, Rice, Tobacco and Spices. With natural advantages in these

agro based exports. India has been a major exporter to the Gulf

countries in general and the UAE in particular. There is a good

demand for these goods in the UAE where large part of the

population consist of migrants from India and other Asian countries

with special preference for these traditional export commodities.

Non-traditional exports from India to UAE’s consist of Chemicals and

Allied Products, Engineering Goods, Readymade Garments and

Marine Products. India with great strides in industrial field has

emerged as a major exporter of chemicals and engineering goods.

India has also developed its readymade garment industry in view of

great demand for these products in high income countries like UAE

and other Gulf countries. With low cost of labour these labour

121

intensive goods have provided good opportunities for Indian

exporters to sell these goods in countries like UAE.

A detailed analysis of the exports of principal export

commodities from India to UAE has been made here.

Gems and Jewellery Exports to UAE

Gems and Jewellery exports have developed as one of the

principal export commodities from India during the post

liberalization period. UAE has emerged as one of the major buyer of

gems and jewellery from India along with countries like Belgium,

Hong Kong, Israel, Japan, Switzerland, Thailand, UK, USA and

Others. UAE has been one of the largest buyers of gems and

jewellery after USA and Hong Kong in recent years.

The export value of gems and jewellery to UAE have gone up

considerably with a moderate amount of USD 87.2 million in 1995

to maximum of USD 10756.3 million in 2009. The growth of India’s

exports of gems and jewellery to UAE is indicated in the following

table.

122

Table 4.4

Exports of Gems and Jewellery to UAE (US $ million)

Year India’s Total

Exports (US $ million)

India’s Exports

to UAE (US $ million)

UAE’s Share in

Total Exports (%)

1995 4500.4 87.2 1.9

1996 5274.8 93.7 1.8

1997 4752.7 103.3 2.2

1998 5345.5 211.7 4.0

1999 5929.3 246.6 4.2

2000 7502.3 259.0 3.5

2001 7384 440.0 6.0

2002 7306.3 542.1 7.4

2003 9029.9 661.9 7.3

2004 10573.3 1373.5 13.0

2005 13761.8 2537.4 18.4

2006 15529.1 2488.0 16.0

2007 15977 3299.9 20.7

2008 19678.7 4039.0 20.5

2009 27955.2 10756.3 38.5

Total 160500 27139.6 16.9

Source: Reserve Bank of India, Sept. 2010.

123

Exports of Gems and Jewellery to UAE

0

2000

4000

6000

8000

10000

12000

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

Exports of gems and jewellery from India to UAE have shown

a steep increase since the second part of the decade of 90s. Exports

which stood at USD 87.2 million in 1995 reached the three figure

mark with USD 103.3 million in 1997. There has been a persistent

rise in the value of exports of gems and jewellery to UAE in

subsequent period of 90s. Exports rose by more than hundred

percent and stood at USD 259 million in the year 2000. The value of

exports of gems and jewellery to UAE registered an exponential

growth during the first decade of the new millennium. Exports

reached USD 542.1 million in 2002 and registered more than

hundred percent increase in 2004 reaching a four figure mark of

USD 1373.5 million in 2004. Further exports of gems and jewellery

to UAE reached the high of USD 2537.4 million by the middle of the

decade in 2005. With a small decline to USD 2488 million in 2006

124

exports of gems and jewellery to UAE reached the high figure of

USD 3299.9 million in 2007. A trend of slow down in exports was

observed in 2008 when the export earnings went down to USD 4039

million. However a steep rise in export earnings of gems and

jewellery took the total export earnings in 2009 to USD 10756.3

million, the highest earnings during the entire period from 1995 to

2009. The total export earnings from gems and jewellery to UAE

from India during the above period stood at USD 27139.6 million.

The total value of exports of gems and jewellery to UAE during this

period was the third highest next only to USA and Hong Kong.

India’s Exports of Chemicals and Allied Products to UAE

Chemicals and Allied Products is one of the major exports

from India to United Arab Emirates. There has been a sustained

growth of exports of this non-traditional item to UAE during the 15

years period from 1995 to 2009. UAE is one of the major buyers of

chemicals and allied products from India along with Brazil, China,

Germany, Netherlands, Russia, UK and USA. The total exports to

UAE during the above period stood at USD 2923.9 million. The

growth trend of exports of chemicals and allied products from India

to UAE is indicated in the following table.

125

Table 4.5

Exports of Chemicals and Allied Products to UAE


million)

India’s Exports to UAE (US $

million)

UAE’s Share in Total Exports

(%)

1995 1955.5 53.3 2.7

1996 2359 65.8 2.8

1997 2690.3 65.2 2.4

1998 3169.9 125.6 4.0

1999 2906.2 114.6 3.9

2000 3409 156.4 4.6

2001 4034.1 165.8 4.1

2002 4079.9 174.8 4.3

2003 5035.4 153.7 3.1

2004 6205.2 217.7 3.5

2005 7651.4 199.9 2.6

2006 14769.5 277.1 1.9

2007 17335.5 328.1 1.9

2008 14888.9 379.0 2.5

2009 16711.8 446.9 2.7

Total 107202 2923.9 2.7


126

Exports of Chemicals and Allied Products to UAE

0

50

100

150

200

250

300

350

400

450

500

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

The details in the above table indicate a slow growth of Indian

exports of chemicals and allied products to UAE during the three

years of 90s i.e. from 1995 to 1997. The export earnings marginally

rose from USD 53.3 million in 1995 to USD 65.2 million in 1997.

There has been a sudden spurt in the growth of exports of

chemicals and allied products to UAE in the next year by almost 100

percent to USD 125.6 million in 1998. With a small decline to USD

114.6 million in 1999 the exports of chemicals and allied products

to UAE rose drastically to USD 156.4 million in 2000. However a

trend of fluctuations in the exports of chemicals and allied products

to UAE is observed in the subsequent period of the first decade of

the new millennium. With an increase in exports from USD 165.8

million in 2001 to USD 174.8 million in 2002 there was a small

decline to USD 153.7 million in 2003. Exports in 2004 rose to USD

127

217.7 million but went down to USD 199.9 million in 2005. Then

onwards export earnings from chemicals and allied products to UAE

have shown an upward trend continuously. Export earnings rose to

USD 277.1 million in 2006 and further to USD 328.1 million in 2007,

USD 379.0 million in 2008 and reached the high of USD 446.9

million in 2009. There is much scope for export trade in chemicals

and allied products with UAE as the latter is in the process of

developing its chemical based industries and India has vast

production base in the supply of these products.

Exports of Engineering Goods to UAE

India with vast production potential and technology in the

manufacturing of engineering goods has been in an advantageous

position to expand its export trade with United Arab Emirates.

United Arab Emirates has emerged as the second largest buyer of

India’s engineering goods meeting the needs of UAE in the areas of

consumer durables like steel, furnitures, refrigerators, electrical

goods and electronic equipments like T.V. Sets, Radio, etc. in

addition to automobiles of different varieties. With expanding trade

with UAE in oil and other products which India needs from this gulf

country, and greater complimentarity can be inducted into the trade

relations between these two Asian neighbours. India has made

great strides in the manufacturing of engineering goods. Hence it is

worth exploring further expansion of export trade in engineering

goods with this oil rich gulf region.

128

The total exports of engineering goods from India to UAE

between 1995 and 2009 stood at USD 15660.4 million. The

following table provides the details.

Table 4.6



Exports (US $

million)

India’s Exports

to UAE (US $

million)

UAE’s Share in

Total Exports

(%)

1995 3508 232.8 6.6

1996 4391 272.7 6.2

1997 4962.7 329.4 6.6

1998 5336.2 276.3 5.2

1999 4463.9 313.2 7.0

2000 5152.1 366.0 7.1

2001 6818.6 444.7 6.5

2002 6957.8 462.4 6.6

2003 9033 600.2 6.6

2004 12405.4 957.5 7.7

2005 17348.3 1137.0 6.6

2006 21718.8 1835.4 8.5

2007 29567.2 2098.7 7.1

2008 37365.2 2845.4 7.6

2009 47285.6 3488.7 7.4

Total 216314 15660.4 7.2


129


0

500

1000

1500

2000

2500

3000

3500

4000

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

Export earnings from engineering goods to United Arab

Emirates have shown a continuous increase during the 15 years

from 1995 to 2009 except a small decline in 1998. The export

growth of engineering goods to UAE, have shown a slow rate during

the first 5 years between 1995 to 2000. The rate of growth of

engineering goods exports to UAE has been quite fast in the next 5

years and thereafter.

Engineering goods exports from India rose moderately from

USD 232.8 million in 1995 to USD 366.0 million in 2000. The export

growth has been fast then onwards with an almost doubling of

export earnings to USD 600.2 million in 2003. Engineering goods

exports to UAE reached the four digit figure of USD 1137.00 million

in 2005. Maximum earnings from exports of engineering goods to

UAE reached in 2009 with USD 3488.7 million.

130

Exports of Cotton Yarn, Fabrics, Made ups, etc. to UAE

United Arab Emirates (UAE) is one of the major buyers of

India’s exports of cotton yarn, fabrics and made ups. The following

table provides the details.

Table 4.7



million)

India’s Exports to UAE (US $

million)

UAE’s Share in Total Exports

(%)

1995 2233.8 80.6 3.6

1996 2576.6 79.4 3.1

1997 3121.7 98.8 3.2

1998 3264.3 90.9 2.8

1999 2771.9 91.6 3.3

2000 3089.6 98.2 3.2

2001 3460.7 110.8 3.2

2002 3072.9 76.9 2.5

2003 3351 92.8 2.8

2004 3394.8 88.9 2.6

2005 3450.1 113.6 3.3

2006 3944.8 120.8 3.1

2007 4218.7 101.2 2.4

2008 4653.3 105.8 2.3

2009 4115.7 99.8 2.4

Total 50719.9 1450.1 2.9


131


0

20

40

60

80

100

120

140

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

The exports of cotton yarn, fabrics and made ups rose steadily

from a moderate level of USD 80.6 million in 1995 to USD 98.2

million in 2000. This period of 5 years in the decade of 90s

witnessed a trend of fluctuations in export earnings from UAE and

the total earnings remained below USD 100 million. The export

earnings reached the USD 110.8 million in 2001. However exports

declined below 100 million dollar in the subsequent period till 2004.

A good rise of export earnings from cotton yarn, fabrics and made

ups to UAE to USD 113.6 million was realized in 2005. The trend of

fluctuation in exports to UAE has continued till the year 2009 when

export of cotton yarn, fabrics and made ups from India to UAE

slipped to USD 99.8 million. The total export earnings from cotton

yarn, fabrics and made ups during the 15 years from 1995 to 2009

stood at USD 1450.1 million. UAE offers a good market for our

132

cotton yarn, fabrics and made ups as the oil rich emirates has vast

potential for buying these products from India.

Exports of Readymade Garments to UAE

Readymade garments have emerged as one of the major non-

traditional exports from India. United Arab Emirates has been one

of the top four countries buying readymade garments from India in

recent years. UAE has been buying readymade garments on a huge

scale next only to USA, UK and Germany. India with advantages of

lower labour cost and lower cost of the needed raw material is well

placed to supply at competitive price to high income countries like

UAE. UAE imported readymade garments worth USD 6467.5 million

during the 15 years period from 1995 to 2009. The following table

provides the details.

133

Table 4.8




India’s Exports


UAE’s Share in

Total Exports (%)

1995 3281.9 107.8 3.3

1996 3675.6 117.1 3.2

1997 3753.3 133.4 3.6

1998 3876.2 173.6 4.5

1999 4364.9 404.1 9.3

2000 4765.1 490.2 10.3

2001 5568.9 542.9 9.7

2002 5006.6 364.4 7.3

2003 5689.9 395.2 6.9

2004 6231.4 612.6 9.8

2005 6561.4 522.7 8.0

2006 8617.7 446.3 5.2

2007 8892.3 523.7 5.9

2008 9687.1 690.5 7.1

2009 10935 943.0 8.6

Total 90907.3 6467.5 7.1


134


0

100

200

300

400

500

600

700

800

900

1000

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

The growth of exports of readymade garments from India to

UAE during the second part of the 90s since 1995 was slow and the

export receipts were moderate. There was trend of increase in

export of garments to UAE from USD 107.8 million in 1995 to USD

542.9 million in 2001. Subsequent period during the new millennium

has witnessed a trend of fluctuation in export earnings of

readymade garments from UAE. A sharp decline in export earnings

to USD 364.4 million in 2002 and revival to higher earnings in the

next two years up to USD 612.6 million in 2004 was witnessed.

Further the trend of fluctuation in export earnings from readymade

garments to UAE was observed in the subsequent period. Export

earnings to UAE slumped to USD 446.3 million in 2006. There was a

good revival of exports of readymade garments to UAE in the

subsequent three years. Exports rose to USD 523.7 million in 2007,

135

USD 690.5 million in 2008 and finally to a high of USD 943.0 million

in 2009.

With the growth of Indian migration and migration from other

Asian countries there are good prospects of increased demand for

India’s readymade garments in UAE. Hence export trade to UAE in

this fast growing sector would be very encouraging in the coming

years.

Exports of Cashew, Cashewnut Shell Liquid to UAE

India has been a traditional exporter of cashew products to

European and USA markets. With natural advantage of growing

cashew, India has found a good market in the rich gulf region. UAE

has emerged as a major market for India’s cashew products. UAE

ranks third in terms of major buyers of Indian cashew products next

to USA and Netherlands. UAE imported Indian cashew worth USD

421.7 million during the fifteen years from 1995 to 2009. The

following table provides the details.

136

Table 4.9

India’s Exports of Cashew Products to UAE



India’s Exports


UAE’s Share in

Total Exports (%)

1995 397.2 12.5 3.1

1996 369.9 11.5 3.1

1997 362.9 11.4 3.1

1998 378.6 12.2 3.2

1999 387.8 15.3 3.9

2000 567.9 19.5 3.4

2001 449.5 18.3 4.1

2002 376.2 13.0 3.5

2003 426.0 18.5 4.3

2004 371.0 20.0 5.4

2005 554.0 30.0 5.4

2006 585.8 42.7 7.3

2007 553.9 45.9 8.3

2008 555.1 68.0 12.3

2009 637.2 82.9 13.0

Total 6973.0 421.7 6.0


137

India’s Exports of Cashew Products to UAE

0

10

20

30

40

50

60

70

80

90

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

Exports of cashew products to UAE have indicated a marginal

decline during the first four years from 1995-1998 from USD 12.5

million to USD 12.2 million. A trend of exports of cashew products

to UAE rising from USD 15.3 million in 1999 to USD 19.5 million in

2000 is observed. Thereafter export earnings have shown a trend of

fluctuation for a three year period from 2001 to 2003. A substantial

growth of export earnings with a trend of continuous rise is found

from 2004 onwards. Exports of cashew products to UAE more than

doubled from USD 20 million in 2004 to USD 42.7 million in 2006.

Exports continued to rise then onwards though at a slow pace.

Exports of cashew products rose to USD 45.9 million in 2007, and

further to USD 68.0 million in 2008. Finally the total exports of

cashew products from India to UAE 82.9 million in 2009.

138

The oil rich region of UAE has good potential for buying these

products from India, therefore India should try to enhance its sales

of cashew products to UAE further.

Exports of Marine Products to UAE

India is one of the major exporters of marine products in the

world market. With vast coastal belts on the eastern and western

coast line, India has established as a major exporter of fisheries to

the countries in the Asian and Western parts of the world. UAE has

been one of the 5 major importers of marine products from India. It

is fifth largest importer after Japan, USA, China and Spain. Exports

of marine products to UAE have grown steadily during the last 15

years from 1995 to 2009. The following table provides the details.

139

Table 4.10




India’s Exports


UAE’s Share in

Total Exports (%)

1995 1126.4 93.2 8.3

1996 1010.8 101.0 10.0

1997 1128.9 96.8 8.6

1998 1207.3 141.1 11.7

1999 1038.4 84.0 8.1

2000 1182.6 63.3 5.4

2001 1393.8 71.2 5.1

2002 1236.8 43.4 3.5

2003 1431.6 34.6 2.4

2004 1328.7 33.8 2.5

2005 1439.8 47.1 3.3

2006 1589.2 55.7 3.5

2007 1768.2 61.5 3.5

2008 1720.5 59.0 3.4

2009 1536.4 57.3 3.7

Total 20139.4 1043.0 5.2


140


0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

Exports of marine products to UAE remained high for the first

four years from 1995 to 1998. The value of marine exports to UAE

rose from USD 93.2 million in 1995 to USD 101.0 million in 1996

but came down to USD 96.8 million in 1997. There was a good

revival of export earnings of marine products to USD 141.1 million

in 1998. Thereafter a slowdown in export earnings from marine

products is observed for period of 6 years till 2005. Exports of

marine products to UAE came down to USD 84.0 million in 1999,

USD 63.3 million in 2000. With a marginal increase in export

earnings to USD 71.2 million in 2001 a continuous decline is

observed in the subsequent period and the export earnings reached

the lowest figure of USD 33.8 million in 2004. There is a revival of

exports of marine products in the subsequent period. Exports rose

to USD 47.1 million in 2005, USD 55.7 million in 2006 and USD

141

61.5 million in 2007. With a small decline exports of marine

products stood at USD 59.0 million and finally reached a low level of

USD 57.3 million. Total exports of marine products from India to

UAE during the 15 years from 1995 to 2009 amounts to USD

1043.0 million.

Exports of Indian Tea to United Arab Emirates

United Arab Emirates is the second largest buyer of Indian tea

after Russia. Tea is the major traditional export commodity from

India along with textiles, jute and minerals. Major buyers of Indian

tea include UK, USA, Germany and some gulf countries including

UAE. UAE’s total imports of Indian tea during the 15 years from

1995 to 2009 amounted to USD 766.6 million. The details of UAE’s

purchase of Indian tea are provided in the following table.

142

Table 4.11

Exports of Indian Tea to UAE



India’s Exports


UAE’s Share in

Total Exports (%)

1995 310.7 34.3 11.0

1996 350.1 39.3 11.2

1997 292.1 33.7 11.5

1998 504.9 54.0 10.7

1999 538.4 47.1 8.7

2000 411.9 40.4 9.8

2001 391.5 59.1 15.1

2002 360.5 49.9 13.8

2003 341.4 51.1 15.0

2004 356.3 57.0 16.0

2005 409.6 60.5 14.8

2006 390.9 54.7 14.0

2007 435.3 39.2 9.0

2008 505.3 72.8 14.4

2009 584.6 73.5 12.6

Total 6183.5 766.6 12.4


143

Exports of Indian Tea to UAE

0

10

20

30

40

50

60

70

80

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

Indian tea exports to UAE have maintained a steady growth

during the 15 years from 1995 to 2009. There has been only a

marginal increase in the tea exports to UAE during the first five

years from 1995 to 2000. There is significant increase in the

exports of Indian tea to UAE since 2001 onwards. The value of tea

exports to UAE rose by almost 50 percent from USD 40.4 million in

2000 to USD 60.5 million in 2005. The subsequent 5 year period

has witnessed a trend of fluctuations in export earnings from UAE.

Tea exports slumped continuously for the next 2 years upto 2007

from USD 54.7 million in 2006 to USD 39.2 million. The last two

years from 2008 to 2009 have witnessed a good increase in the

export earnings from UAE resulting in maximum earnings of USD

73.5 million in 2009.

144

Indian tea is much in demand in the gulf region including UAE

as the migrant Indians and others from Asian region are

traditionally used to tea consumption.

Exports of Indian Rice to UAE

United Arab Emirates is the largest buyer of Indian rice after

Saudi Arabia and Bangladesh. Other major buyers of Indian rice are

South Africa, Kuwait, UK and USA. United Arab Emirates imported

Indian rice worth USD 1663.1 million during the 15 year period from

1995 to 2009. India is one of the large producers of rice and the

Basmati variety of Indian rice is in much demand in Gulf countries

and in Western Europe. The following table provides the details of

exports of Indian rice to UAE.

145

Table 4.12




India’s Exports


UAE’s Share in

Total Exports (%)

1995 384.0 32.7 8.5

1996 1365.7 54.6 4.0

1997 893.6 42.7 4.8

1998 907.0 38.2 4.2

1999 1492.9 36.9 2.5

2000 721.4 34.5 4.8

2001 641.8 24.8 3.9

2002 665.6 17.6 2.6

2003 1204.9 29.1 2.4

2004 907.0 51.5 5.7

2005 1506.5 82.0 5.4

2006 1405.2 90.3 6.4

2007 1554.9 119.9 7.7

2008 2919.6 377.1 12.9

2009 2427.4 631.2 26.0

Total 18997.5 1663.1 8.8


146


0

100

200

300

400

500

600

700

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

The exports of Indian rice to UAE have shown a trend of

decline during the first 8 years from 1995 to 2002. The exports

earnings of Indian rice to UAE declined continuously from 1997 from

USD 42.7 million to USD 17.6 million in 2002. The subsequent

period from 2003 onwards has witnessed a steep rise in the exports

value realized from rice exports to UAE. Rice exports from India to

UAE rose by nearly 50 percent from USD 29.1 million in 2003 to

USD 51.5 million in 2004. A sharp increase in export of Indian rice

is observed in the subsequent period. Exports rose from USD 82.0

million in 2005 to USD 119.9 million in 2007. The export value of

Indian rice to UAE rose by more than 300 percent from USD 119.9

million in 2007 to USD 377.1 million in 2008. A further increase in

export of Indian rice to UAE to USD 631.2 million was realized in the

year 2009. Thus there is a substantial rise in the rice exports from

India to the UAEs. India should explore further possibilities to

147

increase in its export trade in rice with UAE which is fast emerging

as an important trade partner in the world market.

Indian Tobacco Exports to UAE

United Arab Emirates has emerged as the third largest buyer

of Indian tobacco next to Belgium and Russia. Tobacco is another

traditional export commodity from India. With natural advantages of

soil and climate India is one of the major tobacco producing

countries in the world. India’s total exports of tobacco to UAE during

the 15 years from 1995 to 2009 amounted to USD 308.1 million.

The following table provides the details of tobacco exports to UAE

from 1995 to 2009.

148

Table 4.13




India’s Exports


UAE’s Share in

Total Exports (%)

1995 81.1 6.9 8.5

1996 133.6 6.9 5.2

1997 213.2 7.2 3.4

1998 288.0 10.5 3.6

1999 181.1 14.4 8.0

2000 232.8 9.0 3.9

2001 189.8 15.3 8.1

2002 169.4 12.6 7.4

2003 211.4 21.4 10.1

2004 238.6 23.3 9.8

2005 279.2 16.1 5.8

2006 300.6 22.3 7.4

2007 372.4 36.8 9.9

2008 479.8 55.5 11.6

2009 752.5 49.9 6.6

Total 4123.5 308.1 7.5


149


0

10

20

30

40

50

60

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

Tobacco exports to UAE remained almost stagnant during the

three years from 1995 to 1997. Further during late 90s and the first

decade of the new millennium has witnessed a trend of fluctuations

in tobacco exports from India to UAE. Exports reached double digit

figure to USD 10.5 million in 1998 but slumped to a low of USD 9.0

million in 2000 with a good revival to USD 15.3 million in 2001.

There was a good increase in the exports of tobacco to UAE in 2003

and 2004 but declined to a low of USD 16.1 million in 2005.

However the period from 2006 to 2009 has witnessed a sharp

increase in exports of Indian tobacco to UAE. There is need for

exploring the further possibilities for expanding exports of Indian

tobacco to UAE in the new millennium.

150

Exports of Indian Spices to UAE

United Arab Emirates is the third largest buyer of Indian

spices after USA and UK. Other major buyers of Indian spices

include Japan, Germany, Srilanka, Singapore and Bangladesh.

Exports of spices to UAE have maintained a steady growth

during the second half of the decade of 90s. Exports of spices to

UAE amounted to USD 378.6 million during the 15 years from 1995

to 2009. The details of the annual export earnings of spices to UAE

are provided in the following table.

151

Table 4.14




India’s Exports


UAE Share in

Total Exports (%)

1995 195.0 10.5 5.4

1996 237.2 18.4 7.8

1997 338.6 12.4 3.7

1998 379.3 18.4 4.9

1999 388.0 18.2 4.7

2000 407.9 17.0 4.2

2001 354.1 20.8 5.9

2002 313.9 14.6 4.7

2003 342.1 14.1 4.1

2004 336.0 20.2 6.0

2005 419.1 20.7 4.9

2006 477.9 24.6 5.1

2007 697.9 34.3 4.9

2008 1071.7 52.8 4.9

2009 1378.1 81.6 5.9

Total 7336.8 378.6 5.2


152


0

10

20

30

40

50

60

70

80

90

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Year

US

$ M

illio

n

Spices have been one of India’s traditional export

commodities. Indian spices are in good demand in the world

market. Hence India is one of the leading exporters of spices. UAE

being an important importer of Indian spices there is need for

further developing this neighbouring market for this traditional

export commodity for which India has natural advantages of

suitable land and climate. The UAE market for Indian spices has

been growing at a sustained rate. Export earnings from export of

spices to UAE remained almost stationary during the second half of

90s. Export earnings rose from USD 10.5 million in 1995 to USD

20.8 million in 2001 an increase of almost 100 percent in 6 years.

Exports marginally declined in 2002 but picked up well since 2004

and have increased substantially thereafter. Exports of spices more

than doubled between 2004 and 2008 from USD 20.2 million to USD

153

52.8 million. The export earnings of spices to UAE reached the

maximum level of USD 81.6 million in 2009. There are good

prospects for increased exports of this traditional item of Indian

exports to the rich gulf country like UAE.

The details of the commodity composition of India’s Exports to

United Arab Emirates for the year 2009-10 are provided in the

following table.

Sl.No. Commodity 2009-10

1 LIVE ANIMALS. 0.25

2 MEAT AND EDIBLE MEAT OFFAL. 63.77

3 FISH AND CRUSTACEANS, MOLLUSCS AND OTHER AQUATIC INVERTABRATES.

56.07

4 DAIRY PRODUCE; BIRDS' EGGS; NATURAL HONEY; EDIBLE PROD. OF ANIMAL ORIGIN, NOT ELSEWHERE SPEC. OR INCLUDED.

15.77

5 PRODUCTS OF ANIMAL ORIGIN, NOT ELSEWHERE SPECIFIED OR INCLUDED.

0.32

6 LIVE TREES AND OTHER PLANTS; BULBS; ROOTS AND THE LIKE; CUT FLOWERS AND ORNAMENTAL FOLIAGE.

2.26

7 EDIBLE VEGETABLES AND CERTAIN ROOTS AND TUBERS. 81.35

8 EDIBLE FRUIT AND NUTS; PEEL OR CITRUS FRUIT OR MELONS.

200.45

9 COFFEE, TEA, MATE AND SPICES. 131.69

10 CEREALS. 685.83

11 PRODUCTS OF THE MILLING INDUSTRY; MALT; STARCHES; INULIN; WHEAT GLUTEN.

7.71

12 OIL SEEDS AND OLEA. FRUITS; MISC. GRAINS, SEEDS AND FRUIT; INDUSTRIAL OR MEDICINAL PLANTS; STRAW AND FODDER.

20.12

13 LAC; GUMS, RESINS AND OTHER VEGETABLE SAPS AND EXTRACTS.

3.84

14 VEGETABLE PLAITING MATERIALS; VEGETABLE PRODUCTS NOT ELSEWHERE SPECIFIED OR INCLUDED.

1.29

15 ANIMAL OR VEGETABLE FATS AND OILS AND THEIR CLEAVAGE PRODUCTS; PRE. EDIBLE FATS; ANIMAL OR VEGETABLE WAXES.

8.72

154


16 PREPARATIONS OF MEAT, OF FISH OR OF CRUSTACEANS, MOLLUSCS OR OTHER AQUATIC INVERTEBRATES

12.57

17 SUGARS AND SUGAR CONFECTIONERY. 10.4

18 COCOA AND COCOA PREPARATIONS. 0.12

19 PREPARATIONS OF CEREALS, FLOUR, STARCH OR MILK; PASTRYCOOKS PRODUCTS.

16.17

20 PREPARATIONS OF VEGETABLES, FRUIT, NUTS OR OTHER PARTS OF PLANTS.

9.45

21 MISCELLANEOUS EDIBLE PREPARATIONS. 13.33

22 BEVERAGES, SPIRITS AND VINEGAR. 41.11

23 RESIDUES AND WASTE FROM THE FOOD INDUSTRIES; PREPARED ANIMAL FODER.

58.19

24 TOBACCO AND MANUFACTURED TOBACCO SUBSTITUTES.

49.79

25 SALT; SULPHUR; EARTHS AND STONE; PLASTERING MATERIALS, LIME AND CEMENT.

41.12

26 ORES, SLAG AND ASH. 12.62

27 MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXES.

4,467.63

28 INORGANIC CHEMICALS; ORGANIC OR INORGANIC COMPOUNDS OF PRECIOUS METALS, OF RARE-EARTH METALS, OR RADI. ELEM. OR OF ISOTOPES.

121.34

29 ORGANIC CHEMICALS 127.05

30 PHARMACEUTICAL PRODUCTS 50.36

31 FERTILISERS. 1.81

32 TANNING OR DYEING EXTRACTS; TANNINS AND THEIR DERI. DYES, PIGMENTS AND OTHER COLOURING MATTER; PAINTS AND VER; PUTTY AND OTHER MASTICS; INKS.

39.27

33 ESSENTIAL OILS AND RESINOIDS; PERFUMERY, COSMETIC OR TOILET PREPARATIONS.

120.3

34 SOAP, ORGANIC SURFACE-ACTIVE AGENTS, WASHING PREPARATIONS, LUBRICATING PREPARATIONS, ARTIFICIAL WAXES, PREPARED WAXES, POLISHING OR SCOURING PREP.

22.79

35 ALBUMINOIDAL SUBSTANCES; MODIFIED STARCHES; GLUES; ENZYMES.

12.33

36 EXPLOSIVES; PYROTECHNIC PRODUCTS; MATCHES; PYROPHORIC ALLOYS; CERTAIN COMBUSTIBLE PREPARATIONS.

1.66

155


37 PHOTOGRAPHIC OR CINEMATOGRAPHIC GOODS. 3.39

38 MISCELLANEOUS CHEMICAL PRODUCTS. 38.07

39 PLASTIC AND ARTICLES THEREOF. 198.6

40 RUBBER AND ARTICLES THEREOF. 87.34

41 RAW HIDES AND SKINS (OTHER THAN FURSKINS) AND LEATHER

3.35

42 ARTICLES OF LEATHER, SADDLERY AND HARNESS; TRAVEL GOODS, HANDBAGS AND SIMILAR CONT. ARTICLES OF ANIMAL GUT(OTHR THN SILK-WRM)GUT.

44.69

43 FURSKINS AND ARTIFICIAL FUR, MANUFACTURES THEREOF.

0

44 WOOD AND ARTICLES OF WOOD; WOOD CHARCOAL. 20.57

45 CORK AND ARTICLES OF CORK. 0.24

46 MANUFACTURES OF STRAW, OF ESPARTO OR OF OTHER PLAITING MATERIALS; BASKETWARE AND WICKERWORK.

0.26

47 PULP OF WOOD OR OF OTHER FIBROUS CELLULOSIC MATERIAL; WASTE AND SCRAP OF PAPER OR PAPERBOARD.

0.03

48 PAPER AND PAPERBOARD; ARTICLES OF PAPER PULP, OF PAPER OR OF PAPERBOARD.

44.74

49 PRINTED BOOKS, NEWSPAPERS, PICTURES AND OTHER PRODUCTS OF THE PRINTING INDUSTRY; MANUSCRIPTS, TYPESCRIPTS AND PLANS.

11.2

50 SILK 28.15

51 WOOL, FINE OR COARSE ANIMAL HAIR, HORSEHAIR YARN AND WOVEN FABRIC.

3.59

52 COTTON. 81.31

53 OTHER VEGETABLE TEXTILE FIBRES; PAPER YARN AND WOVEN FABRICS OF PAPER YARN.

5.4

54 MAN-MADE FILAMENTS. 293.89

55 MAN-MADE STAPLE FIBRES. 128.19

56 WADDING, FELT AND NONWOVENS; SPACIAL YARNS; TWINE, CORDAGE, ROPES AND CABLES AND ARTICLES THEREOF.

21.35

57 CARPETS AND OTHER TEXTILE FLOOR COVERINGS. 37.01

58 SPECIAL WOVEN FABRICS; TUFTED TEXTILE FABRICS; LACE; TAPESTRIES; TRIMMINGS; EMBROIDERY.

39.86

59 IMPREGNATED, COATED, COVERED OR LAMINATED TEXTILE FABRICS; TEXTILE ARTICLES OF A KIND SUITABLE FOR INDUSTRIAL USE.

7.84

60 KNITTED OR CROCHETED FABRICS. 1.55

156


61 ARTICLES OF APPAREL AND CLOTHING ACCESSORIES, KNITTED OR CORCHETED.

378.56

62 ARTICLES OF APPAREL AND CLOTHING ACCESSORIES, NOT KNITTED OR CROCHETED.

589.87

63 OTHER MADE UP TEXTILE ARTICLES; SETS; WORN CLOTHING AND WORN TEXTILE ARTICLES; RAGS

72.28

64 FOOTWEAR, GAITERS AND THE LIKE; PARTS OF SUCH ARTICLES.

39.44

65 HEADGEAR AND PARTS THEREOF. 0.9

66 UMBRELLAS, SUN UMBRELLAS, WALKING-STICKS, SEAT-STICKS, WHIPS, RIDING-CROPS AND PARTS THEREOF.

0.3

67 PREPARED FEATHERS AND DOWN AND ARTICLES MADE OF FEATHERS OR OF DOWN; ARTIFICIAL FLOWERS; ARTICLES OF HUMAN HAIR.

2.28

68 ARTICLES OF STONE, PLASTER, CEMENT, ASBESTOS, MICA OR SIMILAR MATERIALS.

61.41

69 CERAMIC PRODUCTS. 15.45

70 GLASS AND GLASSWARE. 23.54

71 NATURAL OR CULTURED PEARLS, PRECIOUS OR SEMIPRECIOUS STONES, PRE.METALS, CLAD WITH PRE.METAL AND ARTCLS THEREOF; IMIT.JEWLRY; COIN.

12,524.64

72 IRON AND STEEL 250.75

73 ARTICLES OF IRON OR STEEL 409.72

74 COPPER AND ARTICLES THEREOF. 221.34

75 NICKEL AND ARTICLES THEREOF. 0.12

76 ALUMINIUM AND ARTICLES THEREOF. 53.47

77 LEAD AND ARTICLES THEREOF. 0.67

78 ZINC AND ARTICLES THEREOF. 21.04

79 TIN AND ARTICLES THEREOF. 0.42

80 OTHER BASE METALS; CERMETS; ARTICLES THEREOF. 0.44

81 TOOLS IMPLEMENTS, CUTLERY, SPOONS AND FORKS, OF BASE METAL; PARTS THEREOF OF BASE METAL.

45.95

82 MISCELLANEOUS ARTICLES OF BASE METAL. 27.81

83 NUCLEAR REACTORS, BOILERS, MACHINERY AND MECHANICAL APPLIANCES; PARTS THEREOF.

528.27

84 ELECTRICAL MACHINERY AND EQUIPMENT AND PARTS THEREOF; SOUND RECORDERS AND REPRODUCERS, TELEVISION IMAGE AND SOUND RECORDERS AND REPRODUCERS AND PARTS.

524.83

157


85 RAILWAY OR TRAMWAY LOCOMOTIVES, ROLLING-STOCK AND PARTS THEREOF; RAILWAY OR TRAMWAY TRACK FIXTURES AND FITTINGS AND PARTS THEREOF; MECHANICAL

0.38

86 VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK, AND PARTS AND ACCESSORIES THEREOF.

94.5

87 AIRCRAFT, SPACECRAFT, AND PARTS THEREOF. 9.29

88 SHIPS, BOATS AND FLOATING STRUCTURES. 211.88

89 OPTICAL, PHOTOGRAPHIC CINEMATOGRAPHIC MEASURING, CHECKING PRECISION, MEDICAL OR SURGICAL INST. AND APPARATUS PARTS AND ACCESSORIES THEREOF;

46.08

90 CLOCKS AND WATCHES AND PARTS THEREOF. 4.41

91 MUSICAL INSTRUMENTS; PARTS AND ACCESSORIES OF SUCH ARTICLES.

0.04

92 ARMS AND AMMUNITION; PARTS AND ACCESSORIES THEREOF.

0.01

93 FURNITURE; BEDDING, MATTRESSES, MATTRESS SUPPORTS, CUSHIONS AND SIMILAR STUFFED FURNISHING; LAMPS AND LIGHTING FITTINGS NOT ELSEWHERE SPECIFIED OR INC

17.6

94 TOYS, GAMES AND SPORTS REQUISITES; PARTS AND ACCESSORIES THEREOF.

13.89

95 MISCELLANEOUS MANUFACTURED ARTICLES. 17.58

96 WORKS OF ART COLLECTORS' PIECES AND ANTIQUES. 18.51

97 PROJECT GOODS; SOME SPECIAL USES. 3.04

98 MISCELLANEOUS GOODS. 129.94

Total 23,970.40

158

India’s Exports – Prospects for 2020 Projections

Estimated UAE’s Share in India’s Exports

Year UAE’s Share in India’s

Total Exports (%)

Estimated Exports

(%)

2000-01 5.82 -

2001-02 5.68 5.85

2002-03 6.31 6.72

2003-04 8.02 7.59

2004-05 8.79 8.46

2005-06 8.33 9.33

2006-07 9.50 10.2

2007-08 9.58 11.07

2008-09 13.21 11.94

2009-10 13.40 12.81

To estimate the trend values, we use the following equation

bxay (1)

To find constants ‘a’ and ‘b’, we use the following equations

xbnay (2)

2xbxaxy (3)

Estimated trend equation is

xy )37.0(04.9ˆ

Estimated Projection of Exports for the year 2020 is

14)37.0(04.9ˆ y

22.14ˆ2020 y

UAE’s share in India’s Total exports will be 14.22% in 2020.

Thus the exports trade with United Arab Emirates has

immense potentials assuming the present trade relations continuing

during the second decade of the new millennium.

dimensions of india’s export trade with...

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