Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Immense potential exists for enhancing trade between India, Africa: Study.


Date: 07-06-2013
Subject: Immense potential exists for enhancing trade between India, Africa: Study
Exim Bank's latest study highlights that the two-way trade between India and Africa has witnessed a robust 12-folds rise from USD 5.2 billion (2001) to USD 63 billion (2011).

Underlying this trade growth is the significant rise in Africa's trade balance with India, from a deficit of USD 0.4 billion in 2001, to a trade surplus of USD 16.4 billion in 2011.

While India has emerged as the third largest export destination for Africa, India, however, ranks as the fifth largest source for Africa's imports, highlighting the potential for further enhancing Africa’s imports from India.  

The latest publication titled - ''Enhancing India's trade relations with Africa: focus on select countries'' - was released at the hands of Arvind Mayaram, secretary, Department of Economic Affairs, Ministry of Finance, Government of India during the India-Africa partnership day, jointly organized by Exim Bank and Federation of Indian Chambers of Commerce and Industry (FICCI), in Marrakech, Morocco as part of the Annual Meeting of African Development Bank Group.

Potential to enhance India's exports to Africa can be accessed from the fact that, despite the increasing trend in India's exports to Africa, India's share in the import basket of major importers in Africa is still marginal. For instance in 2011, India had  only 1.7% share in Algeria's total imports; 3% share in Angola's total imports; 3.6% share in Egypt’s total imports; 1% share in Morocco's total imports, 4.3% share in South Africa’s total imports, and 3.4% share in Nigeria’s total imports.

The study draws attention to the fact that with a view to balancing the burgeoning trade gap between India and Africa, there is need for increased focus on India's export potential to the major countries in Africa with which India maintains the largest and rising trade deficit as also to potential countries in Africa, based on projected growth of imports, projected growth of GDP and size of the market.

With a focus on enhancing India's exports to Africa, while also addressing the issue of rising trade deficit, Exim Bank's study attempts to identify potential focus items for increased exports to select countries in Africa, based on India's export capability and import demand in focus countries, up to the 6-digit level of HS commodity code classification.

Source : myiris.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001