Friday, 17 May 2019

USA CHINA TRADE WAR AND IT'S EFFECT ON INDIA WITH EXPORT IMPORT NEWS LETTER

USA CHINA TRADE WAR AND IT'S EFFECT ON INDIA WITH EXPORT IMPORT NEWS LETTER


1.      Export made to OFAC countries and e-BRC not issued by bank. Exporter can submit self-declaration with payment received in INR to DGFT

2.      We know every one is very curious to know about Trade ward between USA and China, particularly it’s effect on India’s Trade. So, let us first analyse this.
China’s world export:
No.
Country
%
1
United States of America
19.2
2
Hong Kong, China
12.1
3
Japan
5.9
4
Korea, Republic of
4.4
5
Viet Nam
3.4
6
Germany
3.1
7
India
3.1
8
Netherlands
2.9
9
United Kingdom
2.3
10
Singapore
2

China’s import from World:
No.
Country
%
1
Korea, Republic of
9.6
2
Japan
8.4
3
Taipei, Chinese
8.3
4
United States of America
7.3
5
China
6.9
6
Germany
5
7
Australia
4.9
8
Brazil
3.6
9
Viet Nam
3
10
Malaysia
3
11
Russian Federation
2.8
12
Saudi Arabia
2.1
13
Thailand
2.1
14
Switzerland
1.8
15
Indonesia
1.6
16
Singapore
1.6
17
France
1.5
18
Canada
1.3
19
South Africa
1.3
20
Chile
1.3
21
Angola
1.2
22
United Kingdom
1.1
23
Iraq
1.1
24
Italy
1
25
Iran, Islamic Republic of
1
26
Philippines
1
27
India
0.9

CHINA VIS USA:
19.20 % is China’s export to USA
 7.30 % where as they import from USA is only 
11.90 % is deficit
CHINA VIS INDIA:
3.10 % China’s export to India
 0.90 % China’s import from India
 2.20 % deficit
China’s has deficit will all the countries in the world.
Therefore, if USA China Trade war starts China will be more sufferer. For USA next is India to buy from. But again, see below table:
India’s Export:
No.
Country
%
1
U.S.A.
16
2
United Arab Emirates
9
3
China
5.1
4
Hong Kong, China
4.1
5
Singapore
3.2
6
United Kingdom
3
7
Germany
2.8
8
Bangladesh
2.7
9
Netherlands
2.7
10
Nepal
2.3
11
Belgium
2.1


India’s Import:
No.
Country
%
1
China
14.5
2
United States of America
6.4
3
Saudi Arabia
5.6
4
United Arab Emirates
5.3
5
Iraq
4.5
6
Switzerland
3.6
7
Korea, Republic of
3.2
8
Indonesia
3.2
9
Hong Kong, China
3.1
10
Iran, Islamic Republic of
2.9
11
Singapore
2.8

So, India’s export on first ranker is USA i.e. 16%, but India import is more from China at 14.50%
This analysis proves that foreign companies will move from China to other countries like wise and India ‘may’ also benefit from the same. I said ‘may’ benefit, reason is that they Trade war between USA and India may also take place, if so, then latter it may go reverse too. Because, then USA have so many other countries to buy from.

Let’s take an example, USA wants India to reduce duty on their bike import from USA. But India is also a manufacturer of bikes. So, they will think before doing so. But at the same time other countries may not put duties on import of bikes from USA, because they are not manufacturing bikes. For example, Vietnam.

Therefore, time to wait and watch. India has to see two phase this month, one election declaration and other USA India Trade war, because USA too is waiting for election results.

Let’s continue with EXIM - NEWS letter.

3.      Iran plans no changes to nuclear centrifuges, IAEA ties: spokesman


4.      After Huawei blow, China says U.S. must show sincerity for talks

5.      After Huawei blow, China says U.S. must show sincerity for talks

https://in.reuters.com/article/us-usa-trade-china-media/after-huawei-blow-china-says-u-s-must-show-sincerity-for-talks-idINKCN1SN094

 

6.      A very important: India’s Foreign Trade: April 2019

http://www.pib.nic.in/Pressreleaseshare.aspx?PRID=1572061

 




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