EXPORT FACILITATION FOR WEST BENGAL
(An Initiative of WBIDC in Collaboration with IIFT)
● The sixth largest state of the nation had a Gross State Domestic Product of (US$ 206.64 billion) in 2020-21 which grew at a compound rate of 12.62% from 2015-16.
● In FY21, the total exports from the state stood at US$ 8.97 billion
● According to World Bank, the Export of goods and services in 2017 accounts for about 41% of India’s total GDP. From FY 2010-11 to FY 2017-18, there has been a significant increase (38%) in the merchandise exports from the State with CAGR 4.71%.
● During the same period, the State’s share in Indian merchandise exports
has also increased (13%). In FY 2017-18, the total merchandise export value of
the state of West Bengal was US$ 9290.32 Million.
The top 10 export
potential sectors of the state are as follows:
Sr. No | Export Potential Product Category | % Share of Indian Exports |
1 | Iron & Steel | 10.07 |
2 | Gold & Other Precious Metal, Jewellery | 6.10 |
3 | Petroleum Products | 1.90 |
4 | Leather Goods | 51.32 |
5 | Marine Products | 8.22 |
6 | Products of Iron & Steel | 8.89 |
7 | Rice 15.05 | 15.05 |
8 | Plastic raw material | 11.76 |
9 | Tea | 26.32 |
10 | Organic Chemicals | 2.9 |