Channel: Trade

May 19, 2010
Trade in Iron and Steel
Tables & Graphs
The trade volume of iron and steel between India and the UK has seen an unsteady pattern ever since 2001. The total trade went up till 2005 after which it declined before reaching an all-time high of 375 million GBP in 2008. The best growth rate was observed in 2004 when there a 201 % increase over the previous year. Though the total trade has decreased by 67% in 2009 as compared to 2008, there is still an expected of increased growth keeping in mind the phenomenal way in which India is poised to grow in the coming years.

Quick Facts

Trade Growth and Declines

  • The exports of iron and steel and related products from the UK to India in year 2009 stands at 226.27 million GBP.
  • Exports from the UK to India are down by 16.29% when compared to 2008, the year when exports had seen an all-time high of 270.31 million GBP.
  • On the other hand the imports of iron and steel and related products stand at 34.5 million GBP in the year 2009
  • Imports from India by the UK again down by 67.22% as compared to 2008 when they were as high as 105.24 million GBP.
  • UK’s Imports from India have seen the highest growth in 2004 when the imports increased by over 201% as compared to the previous year.
  • UK’s imports increased steadily from 2001 to 2008 but fell down considerably in 2009. Over the period 2001 to 2009 have shown a CAGR of 0.269.
  • UK’s exports to India on the other hand have seen their share of ups and downs. The best year for exports was 2005 when exports increased by 133.59% over the previous year.
  • The worst year came soon after the best when exports to India dropped by 48.42% in 2006 when compared to 2005.

Share of trade

  • India’s share in the UK’s total exports of iron and steel and related products’ was 5.22 % in 2009, a 1.5% increase over the previous year when it was 3.71%.
  • UK’s total export of iron and steel and related products to the world was 4.333 billion GBP in 2009.
  • From 2001 to 2009, India’s share in the UK’s exports has been varying between 1 to 5%.
  • India’s share in the UK’s total imports of iron and steel and related products’ was 1.22 % in 2009, a 0.88% decrease over the previous year when it was 2%.
  • UK’s total import of iron and steel and related products from the world was 2.819 billion GBP in 2009.
  • From 2001 to 2009, India’s share in the UK’s exports has been varying between 0.22 to 2%.
  • In terms of total trade, India and the UK’s total trade of iron and steel and products stands at 260.77 million GBP, of which India’s share is a meagre 14.4% and the UK’s a whopping 86.6%.

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