Before Moving towards our main topics first let’s discuss what is export and import. Sales of goods and services overseas with earning a good profit is export whereas buying of goods and services from different countries to fulfil countries’ needs is called import. In India, the export-import trade is flourishing more than ever and more people are drawn towards this trend. Export-Import Course in India has developed Exporting strategies that help Indian Exporters earn more returns! Agriculture products, Pharmaceutical products and Textile are the major exports from India. Since ancient times, India has been an exporting hub, which drew the attention of many European countries towards India. India is in very good trade relations with China even after the war was ignited between the nations. In 2017-2018, India and China signed a Bilateral Trade Treaty, and in 2019, India became the 12th largest Trading Partner with China. However, the trade between the two nations has been going on since 1980. India and China export and import many goods from each other and earn a mutual return! Here’s a video about India’s trade relations with China https://www.youtube.com/watch?v=E4G78cx53Os&t=1s Is good news for India that India’s exports to China have risen and imports have fallen in recent years.
- China has become the second-largest export destination of India in the year 2021.
- Average Exports from China have been around 13 billion dollars in the year ending 2019-20.
- India’s annual exports to China crossed 20 billion dollar mark for the first time in 2020 with shipments rising 16.15% to 20.87 billion dollar.
- Export to China increased despite tension between both the countries.
India exports many goods and services to China. Here’s a list of all the profitable goods India exports to China:
- Ores, Slag and ash – 2.55 k Cr INR
- Organic Chemicals – 1.76 k Cr INR
- Iron and Steele – 1.76 k Cr INR
- Mineral fuel – 811 Cr INR
- Cotton – 759 Cr INR
Other exports to China from India-
India’s major export to China in last few years were iron ore, organic chemicals, petroleum fuels, refined copper, fish and seafood, vegetable oils & fats, peppers, granite & building stones, etc. There is a sharp rise in export of rice, wheat, cereals, processed foods, fruits and vegetables in 2020-2021. These figures say a lot about India’s manyfold Profit in exporting goods to China. China may be the exporting giant but in times of need, China turns to India. India is capable to fulfil the demand for goods in the Chinese market and earn huge! You could earn high returns too if you decide to export your goods and services to Asian countries. The most profitable deal India Exporters can land is to export in neighbouring countries. It helps with a lot of transporting cost-cutting. As India’s exports increase, the economy of the nation also grows and stabilizes at the same time. An increase in Exports will lead to growth in the economy and in turn strengthen the value of the Indian Rupee in the international markets. Import export training course plays an important role in making you understand the facts and reality of international trade. Visit us know get more details!
