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India: Apertura internacional
Foreign Trade in Figures | Trade Compliance | Standards
India was a protectionist state for a long time, but the country has become progressively more open to international trade. It has recently signed free trade agreements with South Korea and the ASEAN, and has entered into negotiations with several partners (EU, MERCOSUR, Australia, New Zealand, South Africa). India is the world's seventh largest exporter and importer of commertical services. Trade represents almost 50% of the country's GDP.
India's has a trade deficit. The withdrawal of foreign capital in 2011 led to a fall in the value of the rupee, which worsened the trade balance and in 2011 it reached its highest level since 17 years. India imports almost 80% of its energy and the rise of oil prices is a large item on its imports invoice.
The main trade partners of India are the European Union, the United Arab Emirates, China and the United States.
| Foreign Trade Indicators | 2007 | 2008 | 2009 | 2010 | 2011 |
| Imports of Goods (million USD) | 229,370 | 321,032 | 257,202 | 322,702 | 450,957 |
| Exports of Goods (million USD) | 150,159 | 194,827 | 164,907 | 216,162 | 296,556 |
| Imports of Services (million USD) | 70,388 | 87,760 | 80,274 | 116,140 | 130,068 |
| Exports of Services (million USD) | 86,612 | 103,829 | 90,193 | 123,277 | 148,370 |
| Imports of Goods and Services (Annual % Change) | 10.0 | 23.0 | -7.3 | 13.7 | - |
| Exports of Goods and Services (Annual % Change) | 5.2 | 19.3 | -6.7 | 4.2 | - |
| Imports of Goods and Services (in % of GDP) | 24.5 | 28.9 | 24.0 | 24.9 | - |
| Exports of Goods and Services (in % of GDP) | 20.4 | 23.5 | 19.6 | 18.5 | - |
| Trade Balance (million USD) | -54,827 | -93,142 | -79,665 | -97,934 | - |
| Trade Balance (Including Service) (million USD) | -42,290 | -80,755 | - | - | - |
| Foreign Trade (in % of GDP) | 44.9 | 52.4 | 43.6 | 43.3 | - |
Source: WTO - World Trade Organization ; World Bank , Last Available Data
| Main Customers (% of Exports) |
2010 |
| United Arab Emirates | 12.4% |
| United States | 10.7% |
| China | 7.9% |
| Hong Kong | 4.3% |
| Singapore | 4.1% |
| See More Countries | 60.5% |
| Main Suppliers (% of Imports) |
2010 |
| China | 12.3% |
| United Arab Emirates | 8.8% |
| Switzerland | 6.3% |
| United States | 5.8% |
| Saudi Arabia | 5.6% |
| See More Countries | 61.3% |
Source: Comtrade, Last Available Data
Source: Comtrade, Last Available Data
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| Monetary Indicators | 2006 | 2007 | 2008 | 2009 | 2010 |
| Indian Rupee (INR) - Average Annual Exchange Rate For 1 USD | 45.31 | 41.35 | 43.51 | 48.41 | 45.73 |
Source: World Bank - Last Available Data.
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- Manufacturer's Commercial Invoice duly Signed and if possible Bank Attested
- Price list of the commodities in shipment
- Manual and Catalogue , write ups or Technical Literature for laboratory or Electronic equipment
- Import declaration and GATT Declaration sign and stamp by consignee (Two copies)
- Packing List duly signed
- Purchase Order
- Authority letter from Consignee
- Import Duty/ Warehouse / Octroi/ D.O Charges in advance
- Any applicable Special Import License
- Certificate of origin, mill test certificate, test report (applicable for metal and chemical groups only)
- Copy of IEC/BIN Number required from importer.
For clearance of all live plant and flower, a phytosanitary certificate is required from Plant Quarantine Officer.
In case of Drugs and Medicines, prior approval of assistant Drug Controller is necessary.
Delivery of radioactive materials and explosives can only be cleared if bill of entry is accompanied by NOC from the department of atomic energy or the Controller of Explosives.
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For the most current information on India’s Prohibited Import List, please see: www.exim.indiamart.com/freedlist/prohibited.html
For more details consult www.bis.org.in.
For the list of items brought under mandatory certification please consult the website of the Bureau of Indian Standards.
Click here for ‘Procedure for Granting BIS Certification'
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Last Updates: May 2012