July 13, 2020: Even though India has been pushing for exports of high-value manufactured goods across major markets in place of raw materials and input goods, its top exports to China remain in the raw materials category, shows the latest data released by the Commerce Department for FY20. Apart from organic chemicals and processed petroleum, most of the top shipments to China remain raw materials. Iron ore shot up to a value of $2.3 billion in FY20 from $950 million in the previous year, said a report.
However, shipments of high-value manufactured goods to China did see an uptick in 2019-20, the report added.
Source: EXIM India Online
