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Embassy of India Beijing Trade and Commerce Wing *** Commercial Report May 2017
Transcript
Page 1: Embassy of India Beijing Trade and Commerce Wing · Exports China’s Total Imports China’s Total Trade Growth % of China’s Exports Growth % of China’s Imports 853.80 686.52

Embassy of India

Beijing

Trade and Commerce Wing

***

Commercial Report

May 2017

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2 TRADE & COMMERCE WING

Table of Contents

1. Trends in India-China trade in January to May - 2017

(i) Bilateral Trade

(ii) Top 15 items of India’s exports to China

(iii) Top 15 items of global exports to China

(iv) Top 15 items of India’s imports from China

(v) Top 15 items of global imports from China

(vi) Top 5 competitors of top 15 exports from India to China

(vii) India-China Mutual Investments

(viii) China’s Global Investment

(ix) Significant trends in India-China trade and investment

2. Important statements of commercial significance by Chinese leaders

3. Market access (Alerts on tariff changes, non-tariff barriers)

4. Events organized by the Embassy during the period under report

5. Trade Queries received and replied during the periodregarding imports/exports between India and China

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3 TRADE & COMMERCE WING

1. Trends in India-China trade in January to May 2017

(i) A. India-China Bilateral Trade (In US$ Billion)

India’s Trade with China

India’s Exports to

China

India’s Imports

from China

Total

Bilateral trade

Growth % of India’s Exports to

China

Growth % of India’s Imports

from China

6.997 26.39 33.39 46.29 13.96

Source: China Customs

(i) B. China’s Total Trade (In US$ Billion)

China’s Total Global Trade

China’s Total

Exports

China’s Total

Imports

China’s Total Trade

Growth % of China’s

Exports

Growth % of China’s Imports

853.80 686.52 1,540.31 4.45 19.55

Source: China Customs

(ii) Top 15 items of India’s exports to China (In US$ Million)

SN HS Code

Category Value % Share in total Import

Percentage (%) growth

Total 6,997 100 46.29

1. 26 Ores, Slag And Ash 1,253 17.9 164.16

2. 71 Nat Pearls, Prec Stones, Pr Met Etc; Coin

1,000 14.29 20.83

3. 74 Copper And Articles Thereof 799 11.42 71.99

4. 52 Cotton, Including Yarn And Woven Fabric Thereof

686 9.8 22.92

5. 29 Organic Chemicals 512 7.32 33.07

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4 TRADE & COMMERCE WING

Source: China Customs

(iii) Top 15 items of global exports to China

(In US$ Billion)

SN HS Code

Category Value

% Share in total Import

Percentage (%) growth

Total 686.52 100 19.55

1. 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts

159.75 23.27 5.07

2. 27 Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax

102.20 14.89 59.58

3. 84 Nuclear Reactors, Boilers, Machinery Etc.; Parts

64.39 9.38 9.71

4. 26 Ores, Slag And Ash 54.02 7.87 61.75

5. 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc

37.02 5.39 5.45

6. 87 Vehicles, Except Railway Or Tramway, And Parts Etc

30.45 4.44 14.62

7. 39 Plastics And Articles Thereof 27.73 4.04 17.76

8. 29 Organic Chemicals 22.82 3.32 33.63

6. 25 Salt; Sulfur; Earth & Stone; Lime & Cement Plaster

464 6.64 44.07

7. 72 Iron And Steel 283 4.04 385.11

8. 84 Nuclear Reactors, Boilers, Machinery Etc.; Parts

259 3.71 23.36

9. 85 Electric Machinery Etc; Sound Equip; TV Equip; Pts

211 3.02 15.07

10. 15 Animal Or Vegetable Fats, Oils Etc. & Waxes

165 2.36 26.51

11. 39 Plastics And Articles Thereof 164 2.34 57.13

12. 27 Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax

122 1.75 -5.27

13. 41 Raw Hides And Skins (No Furskins) And Leather

111 1.58 -4.7

14. 32 Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks

76 1.08 0.43

15. 28 Inorg Chem; Prec & Rare-Earth Met & Radioact Compd

70 1.01 41.74

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5 TRADE & COMMERCE WING

9. 12 Oil Seeds Etc.; Misc Grain, Seed, Fruit, Plant Etc

18.07 2.63 31.7

10. 74 Copper And Articles Thereof 15.37 2.24 5.84

11. 30 Pharmaceutical Products 9.98 1.45 33.53

12. 44 Wood And Articles Of Wood; Wood Charcoal

9.02 1.31 17.95

13. 72 Iron And Steel 8.97 1.31 41.17

14. 47 Wood Pulp Etc; Recovd (Waste & Scrap) Ppr & Pprbd

8.80 1.28 27.86

15. 40 Rubber And Articles Thereof 8.21 1.2 57.73

Source: China Customs

(iv) Top 15 items of India’s imports from China

(In US$ Million)

SN HS

Code

Category Value % Share in

total Export

Percentage

(%) growth

Total 26,393 100 13.96

1. 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts

8,537 32.35 36.04

2. 84 Nuclear Reactors, Boilers, Machinery Etc.; Parts

4,719 17.88 10.61

3. 29 Organic Chemicals 2,572 9.74 7.47

4. 39 Plastics And Articles Thereof 1,152 4.36 18.09

5. 94 Furniture; Bedding Etc; Lamps Nesoi Etc; Prefab Bd

742 2.81 17.98

6. 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc

694 2.63 1.37

7. 73 Articles Of Iron Or Steel 550 2.08 -5.44

8. 72 Iron And Steel 440 1.67 -33.43

9. 87 Vehicles, Except Railway Or Tramway, And Parts Etc

437 1.66 -8.51

10. 59 Impregnated Etc Text Fabrics; Tex Art For Industry

303 1.15 8.98

11. 70 Glass And Glassware 291 1.1 1.06

12. 76 Aluminum And Articles Thereof 291 1.1 11.41

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6 TRADE & COMMERCE WING

13. 83 Miscellaneous Articles Of Base Metal

287 1.09 54.16

14. 64 Footwear, Gaiters Etc. And Parts Thereof

282 1.07 12.79

15. 62 Apparel Articles And Accessories, Not Knit Etc.

255 0.97 159.97

Source: China Customs

(v) Top 15 items of global imports from China

(In US$ Billion)

Source: China Customs

SN HS Code

Category Value

% Share in total Export

Percentage (%) growth

Total 853.80 100 4.45

1. 85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts

214.75 25.15 3.08

2. 84 Nuclear Reactors, Boilers, Machinery Etc.; Parts

143.57 16.82 5.54

3. 94 Furniture; Bedding Etc; Lamps Nesoi Etc; Prefab Bd

35.43 4.15 -0.49

4. 62 Apparel Articles And Accessories, Not Knit Etc.

27.99 3.28 5.19

5. 39 Plastics And Articles Thereof 27.78 3.25 6.38

6. 90 Optic, Photo Etc, Medic Or Surgical Instrments Etc

26.92 3.15 3

7. 87 Vehicles, Except Railway Or Tramway, And Parts Etc

25.80 3.02 7.41

8. 61 Apparel Articles And Accessories, Knit Or Crochet

24.37 2.85 -10.35

9. 73 Articles Of Iron Or Steel 22.61 2.65 2.04

10. 29 Organic Chemicals 19.75 2.31 11.91

11. 64 Footwear, Gaiters Etc. And Parts Thereof

19.37 2.27 1.61

12. 72 Iron And Steel 18.52 2.17 11.85

13. 95 Toys, Games & Sport Equipment; Parts & Accessories

16.45 1.93 23.17

14. 27 Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax

13.44 1.57 47.07

15. 42 Leather Art; Saddlery Etc; Handbags Etc; Gut Art

11.54 1.35 2.09

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7 TRADE & COMMERCE WING

(vi) Top 5 competitors of top 15 exports from India to China in Jan to May 2017

(In US$ Billion)

HS Code

Category Competitors Value % Share in

total Import

Total World 54.02 100.00

26 Ores, Slag And Ash

Australia 23.00 42.57

Brazil 8.06 14.92

Peru 4.19 7.76

South Africa 3.75 6.94

Chile 2.84 5.25

Total World 5.48 100.00

71

Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin

South Africa 2.21 40.43

Japan 0.37 6.71

Belgium 0.32 5.88

Russia 0.28 5.03

United States 0.19 3.47

Total World 15.37 100.00

74

Copper And Articles Thereof

Chile 3.36 21.86

Japan 1.15 7.45

Zambia 0.98 6.39

Taiwan 0.94 6.12

Australia 0.76 4.96

Total World 3.63 100.00

52

Cotton, Including Yarn And Woven Fabric Thereof

Vietnam 0.79 21.64

United States 0.67 18.51

Pakistan 0.36 9.84

Uzbekistan 0.22 5.96

Indonesia 0.12 3.29

Total World 22.82 100.00

29 Organic

Chemicals

Korea South 5.42 23.73

Japan 2.86 12.53

Taiwan 2.31 10.14

Saudi Arabia 2.04 8.92

United States 1.59 6.98

Total World 2.23 100.00

25

Salt; Sulfur; Earths And Stone; Lime And Cement Plaster

Turkey 0.36 16.21

Australia 0.19 8.32

United States 0.12 5.36

Saudi Arabia 0.11 5.03

Iran 0.11 4.71

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8 TRADE & COMMERCE WING

Total World 8.97 100.00

72

Iron And Steel

Japan 2.43 27.11

Korea South 1.61 17.96

South Africa 0.74 8.20

Indonesia 0.67 7.50

Taiwan 0.60 6.67

Total World 64.39 100.00

84

Nuclear Reactors, Boilers, Machinery Etc; Parts Thereof

Japan 12.89 20.02

Germany 7.65 11.88

Korea South 6.94 10.78

United States 6.48 10.06

Taiwan 4.41 6.85

Total World 159.75 100.00

85

Electrical Machinery etc, Sound Equip; Tv Equip; Pts

Taiwan 32.95 20.62

Korea South 30.37 19.01

Japan 15.58 9.75

Malaysia 11.38 7.13

United States 6.91 4.32

Total World 3.38 100.00

15

Animal Or Vegetable Fats, Oils Etc. & Waxes

Indonesia 1.51 44.53

Malaysia 0.59 17.53

Canada 0.30 8.96

Ukraine 0.20 5.97

Brazil 0.10 2.91

Total World 27.73 100.00

39

Plastics And Articles Thereof

Korea South 4.42 15.94

Japan 3.71 13.37

Taiwan 3.35 12.08

United States 3.09 11.13

Saudi Arabia 1.57 5.67

Total World 102.20 100.00

27

Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax

Russia 11.02 10.79

Saudi Arabia 9.44 9.24

Angola 9.18 8.98

Australia 6.51 6.37

Oman 5.74 5.61

Total World 2.43 100.00

41

Raw Hides And Skins (No Furskins) And Leather

United States 0.53 22.00

Brazil 0.26 10.89

Italy 0.22 9.16

Australia 0.22 8.92

Korea South 0.13 5.25

Total World 1.81 100.00

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9 TRADE & COMMERCE WING

32

Tanning & Dye Ext Etc; Dye, Paint, Putty Etc; Inks

Japan 0.38 21.04

Germany 0.22 12.22

Korea South 0.21 11.49

United States 0.20 11.29

Taiwan 0.18 9.70

Total World 3.88 100.00

28

Inorg Chem; Prec & Rare-Earth Met & Radioact Compd

Korea South 0.67 17.13

United States 0.50 12.86

Kazakhstan 0.41 10.58

Germany 0.39 10.16

Japan 0.28 7.14

Source: China Customs

(vii) India-China Mutual Investments*

Chinese Investment in India till May 2017

(cumulative)

US$ 4.929 billion

Chinese Investment in India (Jan-May 2017)

provisional (NON-FINANCIAL)

US$ 95 million

Indian Investment in China till May 2017

(cumulative)

US$ 720 million

Indian Investment in China (Jan-May 2017)

provisional (NON-FINANCIAL)

US$ 23.77 million

(*Provisional data by Chinese MOFCOM)

(viii) China’s Global Investment

China’s Outward FDI Flows (non-financial) January to May 2017

US$ 34.59 billion (-53% y-o-y)

Foreign Direct Investment in China January to May 2017

US$ 49.79 billion (-0.7% y-o-y)

Source: Chinese MOFCOM

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10 TRADE & COMMERCE WING

(ix) Significant trends in trade and investment

S.N. Details of Significant Trends & Analysis

1. China’s Economy - January to May 2017: According to official data released by the National Bureau of Statistics (NBS), China’s manufacturing purchasing managers' index (PMI) came in at 51.2 in May 2017, which was the same figure that was registered in the month of April 2017. This indicates a continuation of the expansion of manufacturing activity in the country. China’s Consumer Price Index (CPI), a main gauge of inflation, rose 1.5% year on year in May 2017. China's Producer Price Index (PPI) - which measures costs of goods at the factory gate, rose 5.5% year on year in May 2017. The speed of the rise registered eased from the 6.4% registered in April, 2017.

In the period from January to May 2017, Chinese investors made direct non-financial investments to the tune of US$ 34.59 billion. This figure represents a notable decrease of 53% year on year.

In the period from January to May 2017, China’s actual use of Foreign Direct

Investment (FDI) amounted to US$ 49.79 billion registering a slight year on year

decrease of 0.7%.

2. Bilateral Trade - January to May 2017 : In the period from January to May 2017, India-China bilateral trade increased 19.5% year-on-year to reach US$ 33.39 billion. India’s exports to China increased by 46.29% year-on-year to reach US$ 6.997 billion. India’s imports from China saw a year-on-year growth of 13.96% to reach US$ 26.39 billion. The trade deficit for May 2017 stood at US$ 19.4 billion. India’s exports to China: The export of Ores and Slag to China showed an increase of 164.16%. Exports of iron and steel to China also showed a sharp increase of 385.11%. India’s cotton (including yarn and woven fabric) exports to China showed a growth of 22.92% to reach US$ 686 million-India was the second largest exporter of cotton to China with 18.88% market share. India was the second largest exporter of diamonds (worked/not worked) to China (US$ 994 million with a share of 34.39%) after South Africa. India was the largest exporter of Salt; Sulfur; Earths And Stone; Plastering Materials, Lime And Cement to China (US$ 464 million with 20.86% market share). India’s imports from China: China exported electrical machinery and equipment (HS Code: 85) worth US$ 8.54 billion showing year-on-year increase of 36.04%. Out of this, Electrical apparatus for line telephony (HS Code: 8517) constituted 38.03% of exports with a value of US$ 3.25 billion. India was the second largest export destination for Chinese organic chemicals, with exports worth US$ 2.57 billion and a market share 13.02%. India became the largest export destination for Impregnated, Coated, Covered Or

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11 TRADE & COMMERCE WING

Laminated Textile Fabrics, and Textile Articles Suitable For Industrial Use with imports amounting to US$ 303 million and a market share of 10.2%. India became the second largest export destination for Chinese Miscellaneous Articles Of Base Metal, with imports amounting to US$ 287 million and a year on year increase of 54.16%. Imports of iron and steel from China showed a decrease of 33.43%. Imports of Apparel Articles and Accessories saw a growth of 159.97% to reach US$255 million.

2. Important India related statements of commercial significance by political leaders, think tanks, chambers, associations etc.:

Speech by H.E. President Xi at opening of Belt and Road forum on 15 May 2017 http://www.fmprc.gov.cn/mfa_eng/wjdt_665385/zyjh_665391/t1465819.shtml

Openness and inclusiveness. The ancient silk routes spanned the valleys of the Nile, the Tigris and Euphrates, the Indus and Ganges and the Yellow and Yangtze Rivers. They connected the birthplaces of the Egyptian, Babylonian, Indian and Chinese civilizations as well as the lands of Buddhism, Christianity and Islam and homes of people of different nationalities and races. These routes enabled people of various civilizations, religions and races to interact with and embrace each other with open mind. In the course of exchange, they fostered a spirit of mutual respect and were engaged in a common endeavor to pursue prosperity. Today, ancient cities of Jiuquan, Dunhuang, Tulufan, Kashi, Samarkand, Baghdad and Constantinople as well as ancient ports of Ningbo, Quanzhou, Guangzhou, Beihai, Colombo, Jeddah and Alexandria stand as living monuments to these past interactions. This part of history shows that civilization thrives with openness and nations prosper through exchange. Joint Communique of the Leaders Roundtable of the Belt and Road Forum for International Cooperation http://www.fmprc.gov.cn/mfa_eng/wjdt_665385/2649_665393/t1462012.shtml

We are mindful that the world economy is undergoing profound changes, presenting both opportunities and challenges. This is an era of opportunity, where countries continue to aspire for peace, development and cooperation. The UN 2030 Agenda for Sustainable Development with the set of Sustainable Development Goals at its core provides a new blueprint of international cooperation. In this context, we welcome bilateral, triangular, regional and multilateral cooperation where countries place emphasis on eradicating poverty, creating jobs, addressing the consequences of international financial crises, promoting sustainable development, and advancing market-based industrial transformation and economic diversification. We note with appreciation that various development strategies and connectivity cooperation initiatives have been put forward, providing broad space for strengthening international cooperation.

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12 TRADE & COMMERCE WING

3. Market access

a. Alerts on tariff changes, non-tariff barriers (SPS/TBT measures, import

and export procedures/restrictions/prohibitions/licensing etc.); trade

policy developments.

S. N. Notification no. and date or other reference

Details of products, sectors affected (including HS codes)

Effective from

1 MOFCOM released a

Report on Foreign

Trade in China

(Spring, 2017)

The Comprehensive Department of the

Ministry of Commerce (MOFCOM) and the

Chinese Academy of International Trade

and Economic Cooperation jointly

released the Report on Foreign Trade in

China (Spring, 2017) on 4th May, 2017.

According to the report, challenges and

pressure facing the Chinese foreign trade

market mainly include: (1) the

groundwork for a rebound in external

demand still needs to be further

consolidated; (2) industry competition has

become increasingly intense; (3) the

effects of trade conflicts have become

more prominent. On the other hand, the

report points out, the long-term positive

outlook for the foreign trade sector has

not changed, and Chinese importers and

exporters have certain advantages and are

well-equipped to compete on the global

market. Relative to the last couple of

years, it adds, the overall environment is

expected to improve for the foreign trade

industry this year, although the situation

still remains tough and complicated. It is

estimated that China's imports and

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13 TRADE & COMMERCE WING

exports will continue to stabilize and

improve going forward. However, given

the growing uncertainties, hard effort

must be made to ensure the fulfilment of

the full-year growth targets.

2 GAC lays down 12

priorities for

supporting the

implementation of

“the Belt and Road”

initiative

The General Administration of Customs

(GAC) recently issued the High Priorities

for Customs Supporting "the Belt and

Road" Program in 2017, setting out 12

"high priorities" covering port opening-up

and supervision, free trade area

development, law enforcement

cooperation, etc. The main objective is to

facilitate trade activities and infrastructure

interconnection, focusing on reforming

key customs operations, innovating

supervisory and regulatory models,

creating cooperation systems, in line the

rapid increase in trade, investment and

human resources exchanges between

China and other countries along the Belt

and Road. The high priorities mainly

involve the following five aspects: (1)

continuing to open up ports; (2)

establishment of relevant mechanisms; (3)

pushing forward trade facilitation; (4)

ensuring trade security; (5) deepening

international cooperation.

11.5.2017

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14 TRADE & COMMERCE WING

4. Events organized by the Embassy during the period under report:

S.N.

Event Particulars

1. Roundtable on India-China Cooperation in Information Technology on 23 May 2017

This event was organized in partnership with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), People’s Republic of China. Around 70 representatives from prominent Chinese State Owned Companies based in Beijing like Sinopec, State Grid, China Unicom, Dongfeng Motors, China Merchants Group and China Aerospace Science and Technology Corporation (CASC) attended the event.

2. Roundtable on India-China Cooperation in Information Technology on 24 May 2017

This event was organized in partnership with the China Chamber of International Commerce (CCOIC) Around 60 representatives of major private Chinese companies like Mobike, Didi Chuxing, Shanghai Automotive Industry Corporation, Changan Motors and Media Company Toutiao participated in the seminar.

5. Trade Queries received and replied during the period regarding Imports/Exports

between India and China:

30 Trade Queries were received and responded to during the period of reporting.

******


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