India’s rank remained unchanged at 19th in 2015 in the list of top 30 merchandise exporters of the world, according to a WTO report. China continues to hold the top position in the list. However, India’s ranking among top importers slipped by one notch to 13th in 2015, from 12th in previous year.
In imports, the US topped the list. India’s exports dipped by 17.2 per cent to $267 billion last year while imports aggregated at $392 billion.
In 2014, the country's outbound and inbound shipments aggregated at $317 billion and $460 billion respectively. Slowdown in the gobal demand hit India's exports in 2015 and this year too the shipments are in the negative zone.
Further, India's rank remained unchanged at 8th last year among the top 30 leading exporters of commercial services respectively. This list was topped by the US in both exports and imports.
In imports, India positioned 10th. In 2015, India's commercial services exports aggregated at $158 billion while imports were $126 billion. Indian Government has announced a host of incentives with an aim to nearly double goods and services exports to $900 billion by 2019-2020.
The report said that China registered the highest merchandise trade by value in 2015 with $2,275 billion worth of exports. Total world merchandise exports were $16,482 billion whereas imports were $16,766 billion.