Share of exports to top destinations rose to 51.6 per cent in FY17: PHDCCI

Posted by Daily Shipping Times on 14-07-2017        Tweet

NEW DELHI: Share of India's total exports to top 10 destinations worldwide has increased to 51.6 per cent in 2016-17, compared to 49 per cent in 2013-14, industry body PHDCCI said recently.

India's main export destinations include the US, Japan, Hong Kong, UAE, China, Singapore, UK and Germany. The Country's merchandise exports to the US grew from $39.14 billion in 2013-14 to $42.33 billion in 2016-17, PHDCCI President Gopal Jiwarajka said in a statement.

Nearly 53 per cent of exports to America are in the form of consumer goods, followed by intermediates, capital goods and raw materials.

Similarly, India's exports to Hong Kong grew 11.2 per cent to $14.2 billion in 2016-17.

"Going ahead, we are hopeful that our exports will touch $325 billion mark in the current financial year," Jiwarajka added.