India exports to China in Q1, 2024
In the first quarter of 2024, India’s exports to China witnessed a remarkable surge, growing by 22.5% year-on-year, as reported by China’s General Administration of Customs. Please find the major commodities that India exported to China in the first quarter of 2024:
Mineral fuels, oils, and distillation products: Valued at $1.98 billion.
Organic chemicals: Amounting to $1.63 billion.
Fish, crustaceans, mollusks, and aquatic invertebrates: Worth $1.27 billion.
Ores, slag, and ash: Valued at $1.07 billion.
Machinery, nuclear reactors, and boilers: Totaling $993.68 million.
Salt, sulfur, earth, stone, plaster, lime, and cement: Amounting to $986.81 million.
Cereals: Valued at $670.32 million.
Animal and vegetable fats and oils, cleavage products: Worth $655.20 million.
Electrical and electronic equipment: Totaling $633.77 million.
Copper: Valued at $541.42 million.
Coffee, tea, mate, and spices: Amounting to $465.26 million.
Iron and steel: Worth $442.85 million.
Bird skin, feathers, artificial flowers, and human hair: Totaling $381.11 million.
Aluminum: Valued at $368.96 million.
Plastics: Amounting to $275.62 million.
Tanning, dyeing extracts, tannins, derivatives, and pigments: Worth $270.19 million.
Optical, photo, technical, and medical apparatus: Totaling $206.36 million.
Miscellaneous chemical products: Valued at $205.56 million.
Cotton: Amounting to $161.78 million.
Sugars and sugar confectionery: Worth $147.25 million
Pacific Global Association's China member's article
By Vinpac Multitrans (China) Ltd. - Tianjin Email: annazhou@tj.vinpac.com
For a broader perspective, China’s overall exports in 2023 amounted to USD 3.38 trillion, experiencing a 4.6% year-on-year decline due to weak external demand23. While this data doesn’t focus solely on containerization, it reflects the broader economic context.
In the first quarter of 2024, China’s exports to India amounted to US$117.68 billion according to the United Nations COMTRADE database on international trade. Here are the top commodities that China exported to India during this period:
Electrical and electronic equipment: Valued at $37.78 billion.
Machinery, nuclear reactors, and boilers: Amounting to $22.23 billion.
Organic chemicals: Worth $10.73 billion.
Plastics: Valued at $6.15 billion.
Iron and steel: Amounting to $2.97 billion.
Optical, photo, technical, and medical apparatus: Worth $2.61 billion.
Furniture, lighting signs, prefabricated buildings: Totaling $2.60 billion.
Articles of iron or steel: Valued at $2.50 billion.
Fertilizers: Amounting to $2.49 billion.
Vehicles other than railway, tramway: Worth $2.05 billion.