TEA-Book 5
TEA-Book 5
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TIRUPPUR EXPORTERS’ ASSOCIATION
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June 07, 2024
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy
Committee (MPC) at its meeting today (June 7, 2024) decided to:
Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing
facility (MSF) rate and the Bank Rate at 6.75 per cent.
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation
progressively aligns to the target, while supporting growth.
These decisions are in consonance with the objective of achieving the medium-term target for consumer
price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
2. Global economic activity is rebalancing and is expected to grow at a stable pace in 2024. Inflation has
been moderating unevenly, with services inflation staying elevated and slowing progress towards targets.
Uncertainty on the pace and timing of policy pivots by central banks is keeping financial markets volatile.
Equity markets have touched new highs in both advanced and emerging market economies. Non-energy
commodity prices have firmed up, while the US dollar and bond yields are exhibiting two-way movement
with spillovers to emerging market currencies. Gold prices have surged to record highs on safe haven
demand.
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3. According to the provisional estimates released by the National Statistical Office (NSO) on May 31,
2024, real gross domestic product (GDP) growth in Q4:2023-24 stood at 7.8 per cent as against 8.6 per
cent in Q3. Real GDP growth for 2023-24 was placed at 8.2 per cent. On the supply side, real gross value
added (GVA) rose by 6.3 per cent in Q4:2023-24. Real GVA recorded a growth of 7.2 per cent in 2023-24.
4. Going forward, high frequency indicators of domestic activity are showing resilience in 2024-25. The
south-west monsoon is expected to be above normal, which augurs well for agriculture and rural demand.
Coupled with sustained momentum in manufacturing and services activity, this should enable a revival in
private consumption. Investment activity is likely to remain on track, with high-capacity utilisation, healthy
balance sheets of banks and corporates, government’s continued thrust on infrastructure spending, and
optimism in business sentiments. Improving world trade prospects could support external demand.
Headwinds from geopolitical tensions, volatility in international commodity prices, and geoeconomic
fragmentation, however, pose risks to the outlook. Taking all these factors into consideration, real GDP
growth for 2024-25 is projected at 7.2 per cent with Q1 at 7.3 per cent; Q2 at 7.2 per cent; Q3 at 7.3 per
cent; and Q4 at 7.2 per cent (Chart 1). The risks are evenly balanced.
5. Headline inflation has seen sequential moderation since February 2024, albeit in a narrow range from
5.1 per cent in February to 4.8 per cent in April 2024. Food inflation, however, remains elevated due to
persistence of inflation pressures in vegetables, pulses, cereals, and spices. Deflation in fuel prices
deepened during March-April, reflecting the cut in liquified petroleum gas (LPG) prices. Core (CPI
excluding food and fuel) inflation eased further to 3.2 per cent in April, the lowest in the current CPI series,
with core services inflation also falling to historic lows.
6. Looking ahead, overlapping shocks engendered by rising incidence of adverse climate events impart
considerable uncertainty to the food inflation trajectory. Market arrivals of key rabi crops, particularly
pulses and vegetables, need to be closely monitored in view of the recent sharp upturn in prices. Normal
monsoon, however, could lead to softening of food inflation pressures over the course of the year.
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Pressure from input costs have started to edge up and early results from enterprises surveyed by the
Reserve Bank expect selling prices to remain firm. Volatility in crude oil prices and financial markets along
with firming up of non-energy commodity prices pose upside risks to inflation. Taking into account these
factors, CPI inflation for 2024-25 is projected at 4.5 per cent with Q1 at 4.9 per cent; Q2 at 3.8 per cent;
Q3 at 4.6 per cent; and Q4 at 4.5 per cent (Chart 2). The risks are evenly balanced.
7. The MPC noted that the domestic growth-inflation balance has moved favourably since its last meeting
in April 2024. Economic activity remains resilient supported by domestic demand. Investment demand is
gaining more ground and private consumption is exhibiting signs of revival. Although headline inflation is
gradually easing, driven by softening in its core component, the path of disinflation is interrupted by
volatile and elevated food inflation due to adverse weather events. Inflation is expected to temporarily fall
below the target during Q2:2024-25 due to favourable base effect, before reversing subsequently. For the
final descent of inflation to the target and its anchoring, monetary policy has to be watchful of spillovers
from food price pressures to core inflation and inflation expectations. The MPC will remain resolute in its
commitment to aligning inflation to the 4 per cent target on a durable basis. Accordingly, the MPC decided
to keep the policy repo rate unchanged at 6.50 per cent in this meeting. The MPC reiterates the need to
continue with the disinflationary stance, until a durable alignment of the headline CPI inflation with the
target is achieved. Enduring price stability sets strong foundations for a sustained period of high growth.
Hence, the MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation
progressively aligns to the target, while supporting growth.
8. Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to
keep the policy repo rate unchanged at 6.50 per cent. Dr. Ashima Goyal and Prof. Jayanth R. Varma
voted to reduce the policy repo rate by 25 basis points.
9. Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to
remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target,
while supporting growth. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted for a change in stance to
neutral.
10. The minutes of the MPC’s meeting will be published on June 21, 2024.
11. The next meeting of the MPC is scheduled during August 6 to 8, 2024.
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(Unit of CR Garments)
S.F.NO.47/1,47/2,47/2A47/2B,Kosavankadu, Karaipudur Village, Arulpuram (P.O), Tirupur-5
cell:97877 77673 ph:0421 2216601, 2216602 Fax: 2219164 E-mail: sltp@crgarments.com
Certified By
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We are having individual Modernised ETP,RO Plant & Multiple effect Evaporator
and achieving Zero Liquid Discharge system
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COFFEE WITH AN EXPERT - EPISODE - 5 ON 20TH JUNE 2024
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HAPPENINGS IN TEA
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HAPPENINGS IN TEA
export contribution to Japan was very low due to inspection techniques, the readymade garment
lack of quality inspection centres available and market in Japan and the business culture of the
Textiles Committee has taken proactive measures Japanese.
to address this issue.
Business Development Manager, of NISSENKEN,
Our President Shri. K.M. Subramanian welcomed Shri. Junji Iwata said that Bangladesh's exports to
the delegates from Japan and said that we all know Japan have increased manifold in a short span of
how important quality testing was in the Knitting time, while India's exports were very low. He said
Industry. He appreciated the fellow exporters who that there was a huge potential in Japan for Tirupur
are already exporting to Japan under very stringent exporters.
quality control norms. All products exported to
Japan must undergo 100% third-party inspection at Senior Member of the Association and Member of
the common facility. India's share in Japanese the Advisory Committee, Dr. M. Veluswamy and
textile imports was very low (1%). AOTS and Executive Committee Member Shri. K. Mezhiselvan
NISSENKEN have been chosen by the shared their experiences in the Japanese market.
Government of Japan to explore the possibility of
increasing India's market share in Japanese The questions posed by the participants were
imports. He thanked the Textiles Committee for answered by the Japanese Delegation Team and
taking the initiative to establish a common platform Shri. Karthikeyan Natarajan.
for third party inspection of garments proposed to
be exported to Japan by entering into an MoU with
NISSENKEN, Japan.
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MEETING WITH REVERSE RESOURCES ON 28TH JUNE 2024
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imports of certain kinds of items. When your
economy is growing faster than the world, then
obviously there will be these twin effects higher
domestic demand will mean less exportable
surplus, and your requirements for imports from
the rest of the world will be higher than the world’s
requirements from you,” Mr. Barthwal pointed.
58 TEA NEWS
The union and state governments should help us
with that. A special financial scheme and also
provide unconditional loans to exporters,”.
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statement indicated that the proposal to include all
garments was being considered.
The Production Linked Incentive (PLI) scheme for Singh said that India was working on a textile
the textile sector may be expanded to all garments, roadmap to move ahead of not only Bangladesh
including those made of cotton, to enable the but also China in the sector. He said his Ministry
labour-intensive sector fully benefit from it, Textiles would soon hold meetings with big companies to
Minister Giriraj Singh has indicated. understand their concerns.
“We are considering to review the PLI scheme,” The Minister stated that the size of the Indian
Singh said at the India International Garment Fair apparel and textiles market has to be increased to
on Tuesday. He added that the government was $350 billion from present $165 billion.
also considering inclusion of the garments sector in
the scheme. He said revamping textile parks, and promoting
green textiles will be in focus.
The government launched the PLI scheme for
textiles sector in 2021 with an approved outlay of “Global headwinds negatively affected Indian
Rs. 10,683 Crore to promote the production of apparel exports. But despite these adverse
man-made fibers (MMF) apparel, MMF fabrics and scenarios, the Indian apparel export industry was
products of technical textiles in the country. able to hold its own and contain the damage to
quite an extent,” pointed out AEPC Chairman
The industry has been demanding that garments
Sudhir Sekhri.
made of all fibre, including cotton, be included in
the scheme to give a boost to the sector. Singh’s (Business Line, 26.06.2024)
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85%
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85
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The Certificate of Origin is the instrument to establish evidence on the origin of goods imported into any country. Our
Association has been approved by the Ministry of Commerce & Industry, Government of India, New Delhi, to issue
Certificate of Origin by inserting the name of our Association under Serial No. 12 under the State of Tamil Nadu in
Appendix-2E to the Foreign Trade Policy and Hand Book of Procedures 2015-2020 (Vol. 1) Accordingly, our
Association has been issuing Certificate of Origin (Non - Preferential) to the exporters.
We would like to draw your kind attention to Director General of Foreign Trade, Trade Notice No. 35/2023-2024
dated 05.12.2023, informing about the issuance of Non-Preferential Certificate of Origin through DGFT's platform
to 31.12.2024.
Please note that, any member who has been already availing services on this common digital platform for issuance
of Preferential Certificate of Origin is not required to register again. Existing credentials may be used for login into
the portal for CoO (NP).
Members may note that an option for bulk payment e-wallet facility is also available to save time on submission of
CoO by avoiding redirection to the payment gateway in lieu of auto debit from the e-wallet.
72 TEA NEWS
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QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024
TRADE: EXPORT
Values in Rs Crore % Change
Sl. Commodities
MAY'23 APR'23- MAY'24 APR'24- MAY'24 APR'24-
No.
MAY'23 MAY'24 MAY'24
1 Tea 445.25 836.89 539.19 1040.01 21.10 24.27
2 Coffee 930.24 1901.90 1547.24 2692.12 66.33 41.55
3 Rice 8047.28 16251.37 8375.09 16315.86 4.07 0.40
4 Other cereals 860.11 1381.16 161.57 346.74 -81.21 -74.89
5 Tobacco 751.53 1611.53 1205.49 2195.58 60.40 36.24
6 Spices 3730.72 6694.10 3011.91 6395.04 -19.27 -4.47
7 Cashew 232.00 454.08 174.37 360.57 -24.84 -20.59
8 Oil Meals 1243.20 2871.27 942.30 2053.48 -24.20 -28.48
9 Oil seeds 855.11 1971.80 915.79 1855.98 7.10 -5.87
10 Fruits & Vegetables 2018.26 4587.71 2468.14 4913.20 22.29 7.09
11 Cereal preparations & 1900.26 3819.29 2199.82 4248.76 15.76 11.24
miscellaneous processed items
12 Marine Products 4934.62 9590.24 4802.14 8923.96 -2.68 -6.95
13 Meat, dairy & poultry products 2534.13 5324.32 3155.34 5836.33 24.51 9.62
14 Iron Ore 2378.90 5289.43 2241.24 3457.93 -5.79 -34.63
15 Mica, Coal & Other Ores, 3149.48 6356.28 3224.00 6069.73 2.37 -4.51
Minerals including processed
minerals
16 Leather & leather products 3039.94 5720.31 3013.07 5542.82 -0.88 -3.10
17 Ceramic products & glassware 3071.95 6055.14 3003.69 5839.36 -2.22 -3.56
18 Gems & Jewellery 23246.67 43139.29 23015.97 41848.08 -0.99 -2.99
19 Drugs & Pharmaceuticals 17160.82 35713.69 19196.08 39453.54 11.86 10.47
20 Organic & Inorganic Chemicals 18420.26 35959.11 19253.38 40074.95 4.52 11.45
21 Engineering Goods 76585.46 149988.87 83296.39 155572.11 8.76 3.72
22 Electronic Goods 19879.48 37166.23 24756.49 46870.06 24.53 26.11
23 Cotton Yarn/Fabs./made-ups, 7574.63 14856.58 8419.45 16316.75 11.15 9.83
Handloom Products etc.
24 Man-made Yarn/Fabs./made-ups 3256.08 6478.96 3450.98 6523.21 5.99 0.68
etc.
25 RMG of all Textiles 10176.08 20107.55 11319.73 21315.07 11.24 6.01
26 Jute Mfg. including Floor 250.12 524.21 240.12 466.25 -4.00 -11.06
Covering
27 Carpet 915.91 1778.54 1090.33 2016.96 19.04 13.41
28 Handicrafts excl. handmade 1015.87 2017.24 1241.04 2283.61 22.17 13.20
carpet
29 Petroleum Products 48206.79 100868.75 56509.45 111676.65 17.22 10.71
30 Plastic & Linoleum 5358.82 10664.45 6327.96 11882.33 18.08 11.42
Sub-Total 272170.00 539980.30 299097.77 574387.07 9.89 6.37
GRAND TOTAL 287810.22 571753.51 317997.81 609787.03 10.49 6.65
Note 1: Grand total is inclusive of component ‘Other’. Source : Ministry of Commerce & Industry
Note 2: The figures for MAY’24 are provisional.
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QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024
TRADE: EXPORT
Values in Million USD % Change
Sl. Commodities
APR'23- APR'24- APR'24-
No. MAY'23 MAY'24 MAY'24
MAY'23 MAY'24 MAY'24
1 Tea 54.07 101.82 64.66 124.70 19.57 22.47
2 Coffee 112.97 231.44 185.54 322.80 64.23 39.48
3 Rice 977.28 1977.53 1004.29 1956.36 2.76 -1.07
4 Other cereals 104.45 167.98 19.37 41.58 -81.45 -75.25
5 Tobacco 91.27 196.12 144.56 263.26 58.38 34.24
6 Spices 453.07 814.37 361.17 766.79 -20.28 -5.84
7 Cashew 28.17 55.25 20.91 43.23 -25.79 -21.75
8 Oil Meals 150.98 349.47 113.00 246.22 -25.16 -29.54
9 Oil seeds 103.85 239.99 109.82 222.54 5.75 -7.27
10 Fruits & Vegetables 245.10 558.37 295.97 589.12 20.75 5.51
11 Cereal preparations & 230.77 464.74 263.79 509.45 14.31 9.62
miscellaneous processed items
12 Marine Products 599.27 1166.89 575.84 1070.03 -3.91 -8.30
13 Meat, dairy & poultry products 307.75 647.93 378.37 699.81 22.95 8.01
14 Iron Ore 288.90 643.75 268.76 414.63 -6.97 -35.59
15 Mica, Coal & Other Ores, 382.48 773.46 386.60 727.79 1.08 -5.90
Minerals including processed
minerals
16 Leather & leather products 369.18 695.97 361.31 664.62 -2.13 -4.51
17 Ceramic products & glassware 373.07 736.78 360.19 700.17 -3.45 -4.97
18 Gems & Jewellery 2823.14 5248.45 2759.94 5017.83 -2.24 -4.39
19 Drugs & Pharmaceuticals 2084.06 4346.03 2301.88 4730.66 10.45 8.85
20 Organic & Inorganic Chemicals 2237.01 4375.35 2308.75 4805.17 3.21 9.82
21 Engineering Goods 9300.75 18250.12 9988.43 18653.96 7.39 2.21
22 Electronic Goods 2414.22 4521.83 2968.66 5619.97 22.97 24.29
23 Cotton Yarn/Fabs./made-ups, 919.88 1807.70 1009.61 1956.46 9.75 8.23
Handloom Products etc.
24 Man-made Yarn/Fabs./made-ups 395.43 788.36 413.82 782.17 4.65 -0.79
etc.
25 RMG of all Textiles 1235.81 2446.66 1357.40 2555.79 9.84 4.46
26 Jute Mfg. including Floor 30.38 63.79 28.79 55.91 -5.21 -12.36
Covering
27 Carpet 111.23 216.40 130.75 241.84 17.55 11.76
28 Handicrafts excl. handmade 123.37 245.46 148.82 273.82 20.63 11.55
carpet
29 Petroleum Products 5854.37 12274.93 6776.29 13390.59 15.75 9.09
30 Plastic & Linoleum 650.79 1297.65 758.81 1424.76 16.60 9.79
Sub-Total 33053.08 65704.59 35866.10 68872.03 8.51 4.82
GRAND TOTAL 34952.48 69570.93 38132.48 73116.68 9.10 5.10
Note 1: Exports include Re-Exports. Source : Ministry of Commerce & Industry
Note 2: The figures for MAY’24 are provisional.
Note 3: Grand total is inclusive of component ‘Other
TEA NEWS 75
QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024
TRADE: IMPORT
Values in Rs Crore % Change
Sl. Commodities
MAY'23 APR'23- MAY'24 APR'24- MAY'24 APR'24-
No.
MAY'23 MAY'24 MAY'24
1 Cotton Raw & Waste 478.35 849.89 365.90 682.10 -23.51 -19.74
2 Vegetable Oil 9387.85 18232.11 12118.03 23273.01 29.08 27.65
3 Pulses 1085.59 2323.72 3093.09 6521.73 184.92 180.66
4 Fruits & vegetables 1797.41 3434.43 1874.66 3999.84 4.30 16.46
5 Pulp and Waste paper 1123.97 2325.90 1400.13 2595.54 24.57 11.59
6 Textile yarn Fabric, made-up 1550.03 2872.74 1551.75 2901.58 0.11 1.00
articles
7 Fertilisers, Crude & 9720.49 15062.35 7833.71 12814.69 -19.41 -14.92
manufactured
8 Sulphur & Unroasted Iron 54.25 237.16 43.44 96.02 -19.93 -59.51
Pyrites
9 Metaliferrous ores & other 7617.10 12201.53 8058.49 12990.14 5.79 6.46
minerals
10 Coal, Coke & Briquettes, etc. 36990.90 65751.67 27517.52 53339.54 -25.61 -18.88
11 Petroleum, Crude & products 128242.46 240560.06 166357.38 303663.80 29.72 26.23
12 Wood & Wood products 4789.71 9200.97 4501.34 8354.01 -6.02 -9.21
13 Leather & leather products 782.59 1288.02 633.63 1151.50 -19.03 -10.60
14 Organic & Inorganic 21091.10 40225.98 21255.23 39654.66 0.78 -1.42
Chemicals
15 Dyeing/tanning/colouring 2915.53 5656.03 2802.26 5515.65 -3.89 -2.48
materials
16 Artificial resins, plastic 15511.64 31081.93 15747.30 29956.09 1.52 -3.62
materials, etc.
17 Chemical material & products 8704.07 16805.03 7949.83 15553.92 -8.67 -7.44
18 Newsprint 327.11 525.02 316.41 542.88 -3.27 3.40
19 Pearls, precious & Semi- 15469.46 32761.41 15923.88 29795.00 2.94 -9.05
precious stones
20 Iron & Steel 15021.87 29019.93 14201.85 27263.41 -5.46 -6.05
21 Non-ferrous metals 16861.94 31366.05 17266.69 32097.20 2.40 2.33
22 Machine tools 3270.61 5972.79 3717.80 7055.56 13.67 18.13
23 Machinery, electrical & non- 34076.37 66316.12 34597.05 66221.42 1.53 -0.14
electrical
24 Transport equipment 19276.98 36876.28 25745.71 43598.39 33.56 18.23
25 Project goods 467.56 731.57 263.65 578.35 -43.61 -20.94
26 Professional instrument, 5178.21 9907.35 5368.77 10589.02 3.68 6.88
Optical goods, etc.
27 Electronic goods 55193.68 107755.96 59619.12 118430.73 8.02 9.91
28 Medicinal & Pharmaceutical 5784.53 10520.35 6366.50 12067.99 10.06 14.71
products
29 Gold 30413.23 38680.91 27795.08 53772.97 -8.61 39.02
30 Silver 223.58 1149.48 1150.21 2268.98 414.45 97.39
Sub-Total 453408.16 839692.71 495436.41 927345.74 9.27 10.44
GRAND TOTAL 473321.02 875683.13 516321.52 967510.51 9.08 10.49
Note 1: Grand total is inclusive of all countries. Source : Ministry of Commerce & Industry
Note 2: The figures for MAY’24 are provisional.
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QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024
TRADE: IMPORT
Values in Million USD % Change
Sl. Commodities
APR'23- APR'24- APR'24-
No. MAY'23 MAY'24 MAY'24
MAY'23 MAY'24 MAY'24
1 Cotton Raw & Waste 58.09 103.39 43.88 81.79 -24.46 -20.89
2 Vegetable Oil 1140.09 2218.38 1453.12 2790.55 27.46 25.79
3 Pulses 131.84 282.79 370.91 781.99 181.34 176.53
4 Fruits & vegetables 218.28 417.87 224.80 479.60 2.99 14.77
5 Pulp and Waste paper 136.50 283.04 167.90 311.22 23.01 9.96
6 Textile yarn Fabric, made-up 188.24 349.50 186.08 347.92 -1.15 -0.45
articles
7 Fertilisers, Crude & manufactured 1180.48 1831.76 939.37 1536.57 -20.42 -16.12
8 Sulphur & Unroasted Iron Pyrites 6.59 28.89 5.21 11.51 -20.92 -60.14
9 Metaliferrous ores & other minerals 925.04 1483.98 966.33 1557.61 4.46 4.96
10 Coal, Coke & Briquettes, etc. 4492.28 7998.80 3299.74 6395.68 -26.55 -20.04
11 Petroleum, Crude & products 15574.12 29267.92 19948.63 36411.05 28.09 24.41
12 Wood & Wood products 581.68 1119.50 539.77 1001.69 -7.20 -10.52
13 Leather & leather products 95.04 156.66 75.98 138.07 -20.05 -11.87
14 Organic & Inorganic Chemicals 2561.36 4894.29 2548.81 4754.82 -0.49 -2.85
15 Dyeing/tanning/colouring materials 354.07 688.19 336.03 661.35 -5.10 -3.90
16 Artificial resins, plastic materials, 1883.78 3782.11 1888.33 3591.90 0.24 -5.03
etc.
17 Chemical material & products 1057.05 2044.72 953.30 1865.00 -9.81 -8.79
18 Newsprint 39.72 63.85 37.94 65.09 -4.49 1.94
19 Pearls, precious & Semi-precious 1878.65 3986.89 1909.50 3572.58 1.64 -10.39
stones
20 Iron & Steel 1824.30 3530.95 1703.00 3269.02 -6.65 -7.42
21 Non-ferrous metals 2047.76 3816.11 2070.52 3848.63 1.11 0.85
22 Machine tools 397.19 726.64 445.82 846.00 12.24 16.43
23 Machinery, electrical & non- 4138.33 8069.01 4148.68 7940.30 0.25 -1.60
electrical
24 Transport equipment 2341.05 4486.76 3087.28 5227.74 31.88 16.51
25 Project goods 56.78 88.97 31.62 69.35 -44.31 -22.05
26 Professional instrument, Optical 628.86 1205.43 643.79 1269.67 2.37 5.33
goods, etc.
27 Electronic goods 6702.87 13111.28 7149.18 14200.43 6.66 8.31
28 Medicinal & Pharmaceutical 702.49 1279.88 763.43 1447.01 8.67 13.06
products
29 Gold 3693.47 4701.47 3333.03 6447.66 -9.76 37.14
30 Silver 27.15 140.04 137.93 272.07 407.99 94.28
Sub-Total 55063.15 102159.08 59409.91 111193.87 7.89 8.84
GRAND TOTAL 57481.42 106537.53 61914.33 116009.84 7.71 8.89
Note 1: Imports include Re-Imports. Source : Ministry of Commerce & Industry
Note 2: The figures for MAY’24 are provisional.
Note 3: Grand total is inclusive of component ‘Other’.
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(Value in Rs. Crores)
1 Germany 3945 3902 4213 4218 4633 3766 3452 4325 4614 3641 284
2 Netherland 1260 1112 1299 1435 1823 1691 1603 2156 2604 2509 223
3 France 2917 2903 2829 2537 2685 2282 1851 2158 2442 2248 188
4 Spain 1509 1501 1653 1961 1828 1968 1474 1748 1707 1483 153
5 Poland 483 567 746 779 1005 1183 809 1213 1271 1305 138
6 Italy 1518 1349 1409 1492 1796 1353 1265 1724 1706 1453 92
7 Belgium 877 611 593 619 653 734 658 885 1269 1006 80
8 Denmark 396 361 424 376 403 391 421 595 532 488 35
9 Sweden 345 313 326 346 396 364 337 437 469 402 32
10 Ireland 306 359 345 363 358 345 294 344 407 361 30
11 Romania 13 12 12 15 19 19 17 30 42 165 22
13 Czech Republic 96 151 218 211 212 225 197 184 177 150 12
18 Greece 51 56 55 75 65 62 36 59 63 71 2
19 Austria 82 51 59 38 38 48 40 38 35 42 2
20 Croatia 6 7 7 9 10 8 6 9 21 33 2
21 Cyprus 5 54 16 28 4 2 2 8 6 8 1
22 Latvia 0 0 1 4 1 1 2 7 10 5 1
23 Malta 3 24 3 1 2 5 2 10 3 5 0.1
24 Estonia 58 78 112 70 4 1 1 10 28 2 0
25 Bulgaria 1 99 1 5 2 1 1 1 1 1 0
26 Luxembourg 0 0 0 1 1 0 0 0 0 1 0
27 Lithuania 1 0 7 0 1 1 1 2 0 0 0
TEA NEWS 79
(Value in Rs. Crores)
1 Nigeria 230 406 604 512 912 1291 1144 859 399 387 38
2 South Africa 351 693 741 691 762 654 495 548 461 440 34
5 Somalia 42 18 34 23 96 109 85 29 49 74 19
6 Kenya 12 27 29 34 21 18 16 20 35 72 5
7 Togo 10 16 14 38 23 24 37 43 24 43 5
8 Senegal 198 111 174 140 139 261 218 213 199 23 5
9 Mauritius 52 30 38 32 26 23 64 52 34 69 3
10 Algeria 19 14 24 24 24 27 8 1 3 18 3
12 Cameroon 96 36 18 4 6 34 53 49 8 10 1
13 CONGO D. REP. 4 4 3 7 5 8 6 13 17 14 1
14 Guinea 0 3 7 5 14 4 3 6 5 7 1
15 Guinea Bissau 0 0 0 1 0 3 0 0 0 4 1
16 Libya 11 16 9 3 6 11 10 5 11 9 1
17 Zambia 24 25 12 15 22 17 11 16 5 9 1
18 Congo 3 2 1 5 8 11 2 4 16 10 1
19 Ghana 27 17 48 4 4 8 6 10 8 4 1
20 Morocco 3 3 12 14 14 13 10 16 18 1 1
21 Botswana 4 0 31 5 2 2 1 1 3 0 1
22 Madagascar 9 0 0 0 0 0 1 1 3 6 0.4
23 Egypt 9 7 4 3 4 18 25 33 16 5 0.4
24 Mozambique 38 5 3 6 21 10 10 15 22 2 0.3
25 Djibouti 14 4 7 3 5 3 3 2 4 2 0.1
26 Seychelles 1 1 0 0 1 1 1 1 1 2 0
27 Rwanda 90 21 10 7 17 18 33 70 55 4 0
28 Namibia 31 0 3 0 0 0 39 10 2 1 0
29 Angola 3 2 4 8 5 3 3 2 5 3 0
30 Liberia 2 0 0 2 0 0 1 1 1 1 0
31 Burundi 1 0 0 0 0 3 6 3 1 6 0
32 Malawi 1 1 2 2 2 5 8 4 0 0 0
33 Sierra Leone 0 0 0 0 0 0 0 0 1 0 0
34 Gambia 0 1 10 112 24 8 23 24 1 1 0
35 Comoros 1 1 3 0 5 7 15 11 2 18 0
36 Zimbabwe 225 4 8 1 1 0 0 1 3 3 0
37 Mali 15 2 1 0 2 2 1 1 0 0 0
38 Tunisia 2 0 1 0 0 1 3 3 1 0.7 0
39 Gabon 0 0 4 1 1 0 0 0 0 0.3 0
42 Swaziland 2 2 2 2 0 1 2 0 0 1.1 0
43 Chad 0 0 0 0 0 0 0 0 1 0.5 0
44 Niger 3 4 2 4 2 0 0 0 4 1.8 0
45 Benin 11 6 9 5 0 1 0 2 8 2.5 0
46 Mauritania 0 0 0 0 2 0 0 0 2 0.2 0
47 Lesotho 2 0 0 15 36 0 0 0 0 0 0
80 TEA NEWS
(Value in Rs. Crores)
1 Vietnam 1 1 1 2 4 6 8 4 13 53 25
2 Japan 204 211 212 215 216 250 286 335 414 339 21
3 Malaysia 75 104 116 108 134 145 114 168 335 324 18
4 North Korea 103 126 124 145 178 141 110 147 231 220 17
5 China (PRC) 152 181 173 203 297 240 163 187 190 272 12
7 Hong Kong 143 229 128 204 178 149 98 116 146 123 8
8 Nepal 49 52 62 55 64 64 90 107 91 90 6
10 Philippines 16 21 19 28 48 72 22 25 72 80 3
11 Thailand 69 67 84 58 53 121 41 42 59 64 3
12 Jordan 31 30 29 36 29 11 53 34 25 27 3
13 Taiwan 6 16 16 21 39 44 33 30 55 47 2
14 Indonesia 8 9 4 11 23 19 21 21 33 23 2
15 Kyrghyzstan 84 42 58 41 48 23 24 19 43 26 1
16 Bangladesh 37 45 80 34 35 34 20 34 49 29 1
17 Maldives 4 7 7 6 8 8 5 13 16 21 1
19 Lebanon 11 15 14 12 10 7 2 0 2 7 0
20 Tajikistan 83 3 2 2 1 1 3 0 1 0 0
21 Kazakhstan 281 86 53 30 6 6 13 2 2 2 0
22 Pakistan 1 3 1 0 0 0 3 0 59 16 0
23 Cambodia 0 12 1 0 1 0 1 1 3 1 0
24 Mongolia 0 0 0 0 0 0 0 0 0 0.1 0
25 Turkmenistan 0 0 0 0 6 0 0 0 0 0.1 0
26 South Korea 5 1 3 4 1 0 0 0 0 0 0
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(Value in Rs. Crores)
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1 Mexico 412 380 337 268 393 457 250 436 612 606 39
2 Panama Republic 710 233 285 287 280 274 157 423 407 315 17
4 Peru 93 59 28 33 45 46 37 46 68 79 9
5 Venezuela 23 26 19 5 2 12 5 8 14 16 5
7 Colombia 25 15 27 43 23 33 24 47 65 44 2
8 Uruguay 12 15 19 29 36 30 24 32 50 45 2
9 Ecuador 0 0 0 0 0 4 2 1 9 6 1
10 Argentina 22 15 14 27 32 22 10 10 18 11 1
11 Guyana 2 2 6 6 8 3 8 12 13 5 1
12 Paraguay 1 1 2 3 5 3 2 2 2 2 0.3
13 Bolivia 0 0 0 0 0 0 0 0 1 1 0
14 Suriname 4 1 5 6 8 4 3 1 3 3 0
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