Export - Import Performance of Natural Rubber in India

Abstract

This paper assesses the performance of rubber exports during the period of 2010 -2011 till 2017 - 2018. Indian Rubber is an export promotion strategy promoted by the Board since 2011 with an objective of distinguishing Indian rubber in international market with its discerning quality features. The board is promoting export as a market intervention strategy to adjust imbalances in the domestic market owing to unscrupulous imports of rubber. Exports during this peak production period are at high level from December 2016 to March 2017. The exports of rubber from India jumped to 650 tonnes during April 2018 to October 2018. The price of natural rubber (NR) in India had been ruling high over international market prices since December 2013. The surge in international rubber price was due to the amplified demand for rubber from China. United States and the European Union together contribute nearly 70 % of India's overall rubber products' exports. Indian exporters, however, are looking to raise India's share in the world market to 5 per cent in the next couple of years from the existing 1.48 per cent compared to China's market share of 11 per cent. This paper examines the export and import performance of rubber from India. Researcher has collected the secondary data from various sources such as DGCIS, EXIM Bank annual reports, etc. This paper brings out the relationship between the export and import performance of rubber from India and the trade performance of Natural rubber, ratio, Pearson's Correlation Coefficient and One - Way ANOVA has been used for analyzing appropriate results.