The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Commercial Report



Monthly Commercial Report- March 2017   

                                                                                                                                                        

China’s Global Trade

As per the statistics of the Chinese General Administration of Customs, China’s total global trade till March 2017 amounted to US$ 887.94 billion.  During this period, China’s global exports increased by 4.16 % to US$ 483.21 billion while its global imports grew by 24.05 % to US$ 404.73 billion.  Thus, China had a positive trade balance of US$ 78.48 billion.

 

Bilateral Trade- January to March 2017

In the period from January to March 2017, India-China bilateral trade increased 17.6% year-on-year to reach US$ 19.11 billion. India’s exports to China increased by 48.96% year-on-year to reach US$ 4.19 billion. India’s imports from China saw a year-on-year growth of 11.02% to reach US$ 14.92 billion. The trade deficit for March 2017 stood at US$ 10.73 billion.

 

 

Bilateral Trade- Month of March 2017

India-China trade in the month of March 2017 increased 30.43% to US$ 7.27 Billion as compared to trade figures for the month of March 2016. In March 2017, India’s exports to China increased by 29.07 % to US$ 1.494 Billion and imports from China increased by 30.78 % to reach US$ 5.776 Billion. As a result, India’s trade deficit for the month of March 2017 increased by 31.38 % to US$ 4.282 Billion as compared to trade figures for the month of March 2016.

 

Trade Figures- Month of March 2017

(In US$ billion)

Month/Year

India’s Exports

India’s Imports

Total Trade

Trade Deficit for India

March 2017

1.494  

5.776

 7.270

4.282  

March 2016

1.158  

4.417  

 5.574

3.259  

% Growth

29.07 %

30.78 %

 30.43%

31.38 %

 

 

Top Five

 

Sl. No.

Items of India’s Export to China

Items of India’s import from China

1.      

Ores, Slag And Ash

Electric Machinery; Sound Equipment; TV Equipment

2.      

Cotton, Including Yarn And Woven Fabric Thereof

Nuclear Reactors, Boilers, Machinery Etc.; Parts

3.      

Natural Pearls, Precious Stones, Precious Metals; Coin

Organic Chemicals

4.      

Copper And Articles Thereof

Plastics And Articles Thereof

5.      

Organic Chemicals

Optic, Photo, Medic Or Surgical Instruments Etc