India exports various chemicals to foreign countries. The data shows the exports of various major chemicals, viz., Alkali Chemicals, Inorganic Chemicals, Organic Chemicals, Pesticides & Insecticides and Dyes & Dyestuff, during the period from 2007-08 to 2013-14.
India has witnessed an increasing trend in Exports of Major Chemicals in terms of value during 2007-08 to 2013-14. In value terms, the exports of major chemicals have increased from Rs 793820 Lakhs in 2007-08 to Rs 2298037 Lakhs in 2013-14, showing a growth rate of 189.49% during the said period at current prices. Exports of major chemicals in terms of value increased by 19.4% CAGR during this period.
The CAGR 19.4 is much more in comparison to CAGR in quantity terms i.e. 9.6. This is partly due to inflation and partly due to the fact that various chemical manufactures/exporters of India, have moved up the value chain and exporting more valuable high end products and/or to the foreign markets/countries, where they are able to get higher prices.