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Exports from SEZs achieve USD 100 Billion mark

February 18, 2020
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Exports from SEZs achieve USD 100 Billion mark

Services sector shows 23.69% growth in Rupee terms

Number of operational SEZs grow to 241

The Special Economic Zones (SEZs) continue to take the lead in expanding the exports for the country. Even in the midst of volatile global economy, SEZs in India have shown resilience and have achieved 100-billion-dollar worth of exports in FY 2019-20,as on 17th February 2020. It may be mentioned that SEZs achieved this land-mark of 100-billion-dollar worth of exports in 2018-19 in full financial year. A comparison of FY 2019-20 vs. 2018-19 upto February 17th is given below:

Exports in INR Terms (In Crores)

Export Segment

FY 2019-20 (Upto Feb 17)

FY 2018-19 (Upto Feb 17)

Growth in Export Value (INR)

Growth in Export Value (%)

Merchandise

2,97,557

2,86,553

11,004

3.84%

Services

4,04,264

3,26,825

77,439

23.69%

 

7,01,821

6,13,378

88,443

14.42%

Exports in USD Terms (In Millions)

Export Segment

FY 2019-20 (Upto Feb 17)

FY 2018-19 (Upto Feb 17)

Growth in Export Value (USD)

Growth in Export Value (%)

Merchandise

42,702

41,471

1,231

2.97%

Services

57,891

47,217

10,674

22.61%

 

1,00,593

88,688

11,906

13.42%

It is observed that while the services segment, constituting majorly of IT &ITeS services was driver of the export growth at 23.69 %. Therewas almost 4% growth in manufacturing segment also. This reflects overall expansion and interest in SEZs in the country. Number of operational SEZs have grown to 241 as against 235 at the end of FY 2018-19.

Important sectors that saw healthy growth in this financial year include Gems & Jewelry (13.3%), Trading & Logistics (35%), Leather & Footwear (15%), Non-Conventional Energy (47%), Textiles & Garments (17.6%). Petrochemicals constitute a major segment of SEZ exports, how ever growth was muted in this segment; which may be attributed to softening of global crude prices.

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