Odisha's exports shrink by 5.6% in 2011-12

Exports of goods from Odisha in 2011-12 saw a drop of 5.61 per cent at Rs 16,139.20 crore in 2011-12 compared to Rs 17,098.88 crore in the previous fiscal. This is for the first time since 2001-02 that exports have dipped.

The steepest fall was noticed in case of exports of engineering, chemicals and allied products which nosedived 75.23 per cent from Rs 612.62 crore to Rs 151.69 crore, according to information provided in the state assembly by Damodar Rout, minister for MSMEs (micro, small & medium enterprises).

Exports of metallurgical products too fell marginally in value terms from Rs 4,807.98 crore in 2010-11 to Rs 4,793.94 crore in 2011-12. The quantity exported, however, surged from 0.26 million tonne to 0.76 million tonne.

 

Mineral product exports declined 5.89 per cent in 2011-12 at Rs 9,257.42 crore as against Rs 9,836.84 crore in 2010-11. In volume terms, it rose from 8.74 million tonne to 15.04 million tonne.

Exports of marine products from the state also registered a slight decline from Rs 541.47 crore to Rs 521.34 crore.

Export of software products rose 12.79 per cent to Rs 1,414.78 crore in 2011-12 compared to Rs 1,254.24 crore in the previous fiscal.

Odisha’s overall exports stood at Rs 2,382.83 crore in 2001-02 and have been consistently growing since then. Apart from metallurgical and mineral products that have a lion's share in the export basket, agriculture & forest products, handloom, handicrafts, textile, gems & jewellery and pharmaceutical products are also exported from the state.