New Delhi: Around 90 major items such as iron ore, telecom equipment and electronic components exported to China have registered positive growth in 2023 out of the total 161 items shipped to the neighboring country, according to Commerce Ministry data.
The data shows that these 90 items account for 67.7 per cent of India's export basket to China, while the 71 products recording negative export growth in 2022 account for 32.3 per cent.
There are four commodity levels where India has improved its exports to China by more than USD 100 million in 2023. They are iron ore (216.8 per cent to USD 3.3 billion in 2023), cotton yarn (542.6 per cent to USD 611.17 million in 2023). ) spices (19.4 percent to US$ 132.26 million in 2023), and processed minerals (174.19 percent to US$ 129 million in 2023).
For the other fifteen products, the improvement in exports is in the US$ 10 -100 billion bracket.
These goods include marine products, iron and steel, telecommunication equipment, vegetable oils, agrochemicals, paper, paper board, pharmaceutical formulations biologicals, ACs, refrigeration machinery, paints, bulk minerals and ores, processed vegetables.
India's exports of telecom equipment and electronic components to China increased by 46.45 per cent and 6.75 per cent to US$ 247.54 million and US$ 156.5 million respectively in 2023, the data showed.
"Indian goods have recorded strong exports to China in 2023 despite a significant decline in Chinese imports," an official said.
The data shows that these 90 items account for 67.7 per cent of India's export basket to China, while the 71 products recording negative export growth in 2022 account for 32.3 per cent.
There are four commodity levels where India has improved its exports to China by more than USD 100 million in 2023. They are iron ore (216.8 per cent to USD 3.3 billion in 2023), cotton yarn (542.6 per cent to USD 611.17 million in 2023). ) spices (19.4 percent to US$ 132.26 million in 2023), and processed minerals (174.19 percent to US$ 129 million in 2023).
For the other fifteen products, the improvement in exports is in the US$ 10 -100 billion bracket.
These goods include marine products, iron and steel, telecommunication equipment, vegetable oils, agrochemicals, paper, paper board, pharmaceutical formulations biologicals, ACs, refrigeration machinery, paints, bulk minerals and ores, processed vegetables.
India's exports of telecom equipment and electronic components to China increased by 46.45 per cent and 6.75 per cent to US$ 247.54 million and US$ 156.5 million respectively in 2023, the data showed.
"Indian goods have recorded strong exports to China in 2023 despite a significant decline in Chinese imports," an official said.
