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China Ranked First in Source of Import of India in 2005-2006 Fiscal Year
Tuesday,August 22,2006 Posted: 08:32 BJT(0032 GMT)  MOFCOM

According to the statistics released by Ministry of Commerce & Industry of India, in 2005-2006 fiscal year, import value of India from China was US$10.74bln, up by 51.3% comparing with US$7.098bln in previous fiscal year, which ranked top 1 with 7.45% quotient of total import value of India. Export value of India to China was US$6.721bln, up by 19.68% comparing with US$6.616bln in previous fiscal year, which ranked top 3 with 6.54% quotient of total export value of India. US remained to be top 1 trade partner of India with US$24.982 trade value and China remained top 2, with US$17.461bln.


Top 5 Source of Import of India in 2005-2006 Fiscal Year   Unit: US$100mln

Rank

Source of Import

Import Value in 2004-2005

Import Value in 2005-2006

Growth Rate (%)

Share in Total Import (%)

1

China

70.98

107.40

51.3

7.54

2

US

70.01

77.78

11.09

5.46

3

Switzerland

59.40

65.26

9.86

4.58

4

Germany

40.15

58.18

44.9

4.09

5

Australia

38.25

48.51

26.84

3.41

 

Top 5 Export Destination of India in 2005-2006 Fiscal Year   Unit: US$100mln

Rank

Export Destination

Export Value in 2004-2005

Export Value in 2005-2006

Growth Rate (%)

Share in Total Import (%)

1

US

137.66

172.04

24.97

16.75

2

United Arab Emirates

73.48

85.93

16.94

8.36

3

China

56.16

67.21

19.68

6.54

4

Singapore

40.01

55.70

39.22

5.42

5

Britain

36.81

51.46

39.80

5.01

 

(Data Source: Commercial Information Service Bureau of Ministry of Commerce & Industry of India)

(Source: Network Center of MOFCOM)

 

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