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India’s Import from China Declined by Over 7 Billion Dollars in April-July Period:

India’s Import from China Declined by Over 7 Billion Dollars in April-July Period:

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NEW DELHI, Sep 23: India’s imports from China have recorded a significant decline in April to July period this year compared to the imports during the corresponding period last year.

Giving this information in a written reply in the Rajya Sabha on Wednesday, the Union Minister of Commerce and Industry Piyush Goyal said India’s imports from China during April-July 2020 decreased to USD 16.60 billion from USD 23.45 billion in the corresponding period of the previous year. He pointed out that due to the impact of COVID-19 pandemic there were several global and domestic supply side constraints and also a dip in global demand which contributed in the reduction in the imports from China as well.

Some of the items exhibiting decline in imports include electronic components, telecom instruments, computer hardware, industrial machinery for dairy, electric machinery, residual chemical and allied products, consumer electronics, electronic instruments, fertilisers, products of iron & steel etc.

He said to minimise the impact of such disruptions, Government had taken steps to expand domestic capacities and had implemented policies to promote domestic manufacturing through ease of doing business and Production Linked Incentives (PLIs) in select sectors including mobile phones & electronic components and medical devices & bulk drugs. Government had also sensitized stakeholders to source critical imports from diversified sources through the active support of the Indian missions abroad.

Goyal said the full impact of these measures on the industry would be discernible as the global economy recovered from the recessionary effects of the pandemic.

Following is the comparative list of  India’s top 50 Import of Principal Commodity Groups from China, during April- July, 2019 and April- July 2020

 

 

   
         
RANK COMMODITY GROUPS 2019-20 (APR-JUL) 2020-21 (APR-JUL)  
IMPORT FROM CHINA  IMPORT FROM CHINA  
VAL (MILL US $) VAL (MILL US $)  
1 ELECTRONICS COMPONENTS 2029.44 1156.15  
2 TELECOM INSTRUMENTS 1850.10 1509.13  
3 COMPUTER HARDWARE, PERIPHERALS 1589.51 1395.34  
4 INDL. MACHNRY FOR DAIRY ETC 1423.96 931.77  
5 ORGANIC CHEMICALS 1248.71 1069.92  
6 ELECTRIC MACHINERY AND EQUIPME 916.61 497.50  
7 RESIDUL CHEMICL AND ALLED PROD 906.74 857.36  
8 BULK DRUGS, DRUG INTERMEDIATES 860.85 859.66  
9 ELECTRONICS INSTRUMENTS 801.71 706.72  
10 CONSUMER ELECTRONICS 680.02 473.76  
11 FERTILEZERS MANUFACTURED 581.24 361.20  
12 AC, REFRIGERATION MACHNRY ETC 589.52 379.40  
13 PRODUCTS OF IRON AND STEEL 600.90 385.43  
14 PLASTIC RAW MATERIALS 521.71 272.91  
15 AUTO COMPONENTS/PARTS 424.32 246.33  
16 IRON AND STEEL 438.68 309.22  
17 MANMADE YARN,FABRICS,MADEUPS 379.03 185.57  
18 OTHER MISC. ENGINEERING ITEMS 373.00 214.88  
19 ALUMINIUM, PRODUCTS OF ALUMINM 408.77 174.29  
20 OTHER COMMODITIES 339.45 203.27  
21 ACCUMULATORS AND BATTERIES 329.55 140.66  
22 PLASTC SHT, FILM, PLTS ETC 287.50 145.95  
23 MACHINE TOOLS 259.52 153.80  
24 GLASS AND GLASSWARE 266.51 129.06  
25 AGRO CHEMICALS 321.43 377.65  
26 CRANES, LIFTS AND WINCHES 200.29 189.18  
27 INORGANIC CHEMICALS 248.01 164.56  
28 MEDICAL AND SCIENTIFIC INSTRUM 200.53 205.64  
29 OTH NON FEROUS METAL AND PRODC 199.40 112.80  
30 OTHER CONSTRUCTION MACHINERY 196.83 149.79  
31 MOULDED AND EXTRUDED GOODS 191.43 108.82  
32 OTHER PLASTIC ITEMS 204.52 66.76  
33 OTHER MISCELLAENIOUS CHEMICALS 212.37 240.96  
34 PAPER, PAPER BOARD AND PRODUCT 208.02 101.74  
35 OTH TXTL YRN, FBRIC MDUP ARTCL 180.72 78.69  
36 CERAMICS AND ALLIED PRODUCTS 165.58 97.36  
37 PROJECT GOODS 153.30 107.10  
38 HANDCRFS(EXCL.HANDMADE CRPTS) 156.28 168.08  
39 PAINT, VARNISH AND ALLID PRODC 148.74 110.66  
40 PETROLEUM PRODUCTS 60.58 68.83  
41 HND TOOL, CTTNG TOOL OF METALS 113.69 79.47  
42 ATM, INJCTNG MLDING MCHNRY ETC 118.77 69.71  
43 PLYWOOD AND ALLIED PRODUCTS 90.05 39.03  
44 IC ENGINES AND PARTS 89.57 58.78  
45 COTTON FABRICS, MADEUPS ETC. 83.88 32.34  
46 PUMPS OF ALL TYPES 70.75 54.97  
47 RAILWY TRNSPRT EQUIPMNTS, PRTS 76.36 57.98  
48 PRIME MICA AND MICA PRODUCTS 66.08 37.97  
49 FOOTWEAR OF RUBBER/CANVAS ETC. 66.02 22.24  
50 DYE INTERMEDIATES 77.26 47.14  
Total IMPORT of 50 Commodities 22007.79 15607.52  
TOTAL IMPORT 23452.75 16600.74  
         
Note: Figures pertaining to FY:2020-21, are provisional and subject to change                                        

(Manas Dasgupta)

 

 

 
             

 

 

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