india export to china: Majority of principal commodities exported to China report optimistic development in 2023: Comm Min information

These 90 commodities account for 67.7 per cent of India‘s export basket to China, whereas 71 merchandise which have registered a adverse export development in 2023 represent 32.3 per cent, the information confirmed.

There are 4 commodities stage the place India has improved its export to China by greater than USD 100 million in 2023. They’re iron ore (216.8 per cent to USD 3.33 billion in 2023), cotton yarn (542.6 per cent to USD 611.17 million in 2023), spices (19.4 per cent to USD 132.26 million in 2023), and processed minerals (174.19 per cent to USD 129 million in 2023).

For one more fifteen merchandise, the development in exports is within the bracket of USD 10 -100 billion.

These items embrace marine merchandise, iron and metal, telecom devices, vegetable oils, agrochemicals, paper, paper board, drug formulations, biologicals, AC, refrigeration equipment, paint, bulk minerals and ores, and processed greens.

India’s exports of telecom devices and digital parts to China rose by 46.45 per cent and 6.75 per cent to USD 247.54 million and USD 156.55 million, respectively, in 2023, the information confirmed. “Indian items have recorded robust exports to China in 2023 despite a major decline in China’s imports,” an official stated.