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During 2007-12, in terms of average annual growth rate of exports, India was ahead of Russia, China and some other countries i.e Indonesia, Brazil, Thailand, Korea, Mexico, Singapore, Malaysia, South Africa, Hong Kong and Taiwan. During this period, exports of India grew at an average annual growth rate of 16.72%, whereas exports of Russia and China grew at average annual growth rates of 12.22% and 12.18%.
During 2009-12, exports of Indonesia, Brazil, Thailand, Korea, Mexico, Singapore, Malaysia, South Africa, Hong Kong and Taiwan grew at average annual growth rates of 11.38%, 10.84%, 9.26%, 9.2%, 7.82%, 7.82%, 6.96%, 6.84%, 5.76% and 5.62% respectively.
During 2000-12, among all these countries, highest positive change in share in world exports was observed for China (7.4%), India’s share in world exports marginally increased by 0.9%, from 0.7% in 2000 to 1.6% in 2012.