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Bilateral trade
| India’s exports have grown dramatically by 80.01 per cent from 2003-04 to 2004-05 to cross India’s imports from Singapore and balance of trade is now in India’s favour. |
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| India’s exports to Singapore – top ten commodities, Jan-Sep 2005
Topped Crudes, Parts & Accessories Of Automatic Data Processing Machines, Automatic Data Processing Input And Output Units, Motor Spirit Refined Premium Leaded, Styrene, Automatic Data Processing Storage Units, Other Monolithic Integrated Circuits, P-Xylene, Monolithic Digital Integrated Circuits, Radio Transmission Apparatus with Reception Apparatus
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India’s imports from Singapore – top ten commodities, Jan-Sep 2005
Non-Industrial Diamonds Worked, Topped Crudes, Motor Spirit Refined Premium Leaded, Aluminium Unwrought, Benzene, Articles Of Jewellery Of Other Precious Metal Whether Or not Plated Or Clad With Precious Metal, Other Medicaments Packed For Retail Sale, Parts Of Boring Or Sinking Machinery, Static Converters, Other Medical Surgical Dental Or Veterinary Instruments & Appliances
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India’s exports to Singapore
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2003-04 |
% Share |
% Growth |
2004-05 |
% Share |
% Growth |
| Exports to Singapore |
2,124.84 |
3.33 |
49.47 |
3,824.94 |
4.75 |
80.01 |
| India’s total export |
63,842.97 |
|
21.10 |
80,540.19 |
|
26.15 |
Source: Exports Import Databank, Ministry of Commerce & Industry, Government of India
India’s imports from Singapore In US$ million
|
2003-04 |
% Share |
% Growth |
2004-05 |
% Share |
% Growth |
| Imports from Singapore |
2,085.38 |
2.67 |
45.34 |
2,584.63 |
2.37 |
23.94 |
| India’s total import |
78,149.61 |
|
27.25 |
109,173.23 |
|
39.70 |
Source: Exports Import Databank, Ministry of Commerce & Industry, Government of India
Relative importance of India’s trade with Singapore (2004-05)
India’s total global trade
1,89,713.42 |
India’s trade with Singapore
6,409.57 |
% Share of India’s trade with Singapore
3.38 |
India’s total global export
80,540.19 |
India’s exports to Singapore
3,824.94 |
% Share of India’s exports to Singapore
4.75 |
India’s total global import
109,173.23 |
India’s import from Singapore
2,584.63 |
% Share of India’s imports from Singapore
2.37 |
Source: Exports Import Databank, Ministry of Commerce & Industry, Government of India
India’s share in Singapore’s global trade (2002-03)
Singapore’s global trade
2,72,117 |
India’s trade with Singapore
2,856.39 |
India’s % Share
1.05 |
Singapore’s global imports
1,27,996 |
India’s exports to Singapore
1,421.58 |
India’s % Share
1.11 |
Singapore’s global exports
1,44,121 |
India’s imports from Singapore
1,434.81 |
India’s % Share
0.99 |
Source: Exports Import Databank, Ministry of Commerce & Industry, Government of India and Direction of Trade Statistics Yearbook, 2004
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