ID :
118459
Sat, 04/24/2010 - 14:10
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Shortlink :
https://oananews.org//node/118459
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Indian exports to China up 75 pc in Q1 this year
INDIA-CHINA
Beijing, Apr 23 (PTI) Indian exports to China surged by
75 per cent in the first quarter this year, with a big
increase in textiles and stones and precious metals shipments
bringing down the trade deficit.
Overall trade with China grew by about 66 per cent during
the period, raising hopes of achieving the trade target of USD
60 billion this year, according to data released by the
Chinese government Friday.
The trade figures released by the Chinese customs brought
blushes back on the faces of Indian diplomats and trade
officials here as Indian exports -- which declined radically
last year and resulted in a USD 16 billion dollar trade
deficit -- have shown significant improvement.
According to the trade data, Indian exports to China
touched USD 5.81 billion in the period between January and
March this year as against USD 3.31 billion last year when
overall trade volumes declined to about USD 44 billion due to
the global economic downturn. The increase was stated to be 75
per cent.
However compared to 2008, during which the trade volumes
touched a record USD 52 billion, this year’s quarterly exports
from India still fell short by USD 53 million. The overall
trade between the two countries this quarter touched USD 14.14
billion against USD 13.24 billion in 2008 and USD 9.3 billion
in 2009.
The new trade figures brought cheer to China too, as its
exports to India went up by 38 per cent compared to 2009.
Chinese exports in Q1 were also higher than the USD 6.9
billion figure for exports to India during the same period in
2008.
The trade deficit for India was USD 2.5 billion for the
first quarter, slightly lower than the USD 2.7 billion figure
in the first quarter of 2008.
The two countries had set USD 60 billion as the trade
target this year and the first quarterly figures showed that
they are on their way to reaching it, Indian officials said.
Accrding to the new figures, cotton, yarn and fabric
exports from India have gone up from USD 495 million in 2008
to USD 729 million in the first quarter. The exports in this
sector fell to USD 81 million around the same period in 2009.
Similarly, Indian exports of copper have gone up from USD
124 million in 2008 (USD 425 million in 2009) to USD 264
million. Exports of precious stones and metals have gone up
from USD 90 million in 2008 (USD 64 million in 2009) to USD
164 million.
In plastics too, Indian exports have done well, going up
from USD 59 million in 2008 (USD 28 million in 2009) to USD
109 million in this year’s first quarter. PTI KJV
MRD
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Beijing, Apr 23 (PTI) Indian exports to China surged by
75 per cent in the first quarter this year, with a big
increase in textiles and stones and precious metals shipments
bringing down the trade deficit.
Overall trade with China grew by about 66 per cent during
the period, raising hopes of achieving the trade target of USD
60 billion this year, according to data released by the
Chinese government Friday.
The trade figures released by the Chinese customs brought
blushes back on the faces of Indian diplomats and trade
officials here as Indian exports -- which declined radically
last year and resulted in a USD 16 billion dollar trade
deficit -- have shown significant improvement.
According to the trade data, Indian exports to China
touched USD 5.81 billion in the period between January and
March this year as against USD 3.31 billion last year when
overall trade volumes declined to about USD 44 billion due to
the global economic downturn. The increase was stated to be 75
per cent.
However compared to 2008, during which the trade volumes
touched a record USD 52 billion, this year’s quarterly exports
from India still fell short by USD 53 million. The overall
trade between the two countries this quarter touched USD 14.14
billion against USD 13.24 billion in 2008 and USD 9.3 billion
in 2009.
The new trade figures brought cheer to China too, as its
exports to India went up by 38 per cent compared to 2009.
Chinese exports in Q1 were also higher than the USD 6.9
billion figure for exports to India during the same period in
2008.
The trade deficit for India was USD 2.5 billion for the
first quarter, slightly lower than the USD 2.7 billion figure
in the first quarter of 2008.
The two countries had set USD 60 billion as the trade
target this year and the first quarterly figures showed that
they are on their way to reaching it, Indian officials said.
Accrding to the new figures, cotton, yarn and fabric
exports from India have gone up from USD 495 million in 2008
to USD 729 million in the first quarter. The exports in this
sector fell to USD 81 million around the same period in 2009.
Similarly, Indian exports of copper have gone up from USD
124 million in 2008 (USD 425 million in 2009) to USD 264
million. Exports of precious stones and metals have gone up
from USD 90 million in 2008 (USD 64 million in 2009) to USD
164 million.
In plastics too, Indian exports have done well, going up
from USD 59 million in 2008 (USD 28 million in 2009) to USD
109 million in this year’s first quarter. PTI KJV
MRD
The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it.
Delete & Prev | Delete & Next
Move to:
