Commercial
Trade
Bilateral Trade
The momentum of bilateral economic cooperation has been steadily increasing in the recent years. Bilateral trade has crossed USD 7 billion in 2018, a growth of 40% in the two years during 2017 and 2018.
The major items exported to Taiwan include Naphtha, metal and metal products, organic chemicals, and agricultural products. The major items imported from Taiwan are PVC, machinery, organic chemicals, electrical machinery, ICT products and solar cells.
- Overall Trade
- Indian Exports to Taiwan
- Indian Imports from Taiwan
India-Taiwan Bilateral Trade Statistics
|
Period |
Indian Imports from Taiwan |
India Exports to Taiwan |
Total |
% growth(YoY) |
|
2017 |
3.3 |
3.05 |
6.35 |
29(from 2016) |
|
2018 |
3.79 |
3.26 |
7.05 |
11.02 |
Indian Exports to Taiwan in 2018
| Rank | HS Code | Item | US$ Million | % in total trade |
| 1 | 27101964 | Naphtha, mineral | 1,492.84 | 45.801 |
| 2 | 76011000 | Aluminium, not alloyed, unwrought | 162.65 | 4.990 |
| 3 | 72024100 | Ferro-chromium, containing by weight more than 4% of carbon | 119.26 | 3.659 |
| 4 | 79011100 | Containing by weight 99.99% or more of zinc, not alloyed | 85.6 | 2.626 |
| 5 | 72023000 | Ferro-silico-manganese | 62.69 | 1.923 |
| 6 | 29024300 | P-xylene | 45.18 | 1.386 |
| 7 | 03049910 | Other fish, minced (surimi), frozen | 43.35 | 1.330 |
| 8 | 85176900 | Other apparatus for communication in a wired or wireless network | 38.34 | 1.176 |
| 9 | 71023900 | Non-industrial diamonds, worked, but not mounted or set | 38.31 | 1.176 |
| 10 | 74031100 | Refined copper, cathodes and sections of cathodes, unwrought | 38.3 | 1.175 |
Indian Imports from Taiwan in 2018
| Rank | HS Code | Item | US$ Million | % in total trade |
| 1 | 39041000 | Poly(vinyl chloride), not mixed with any other substances, inprimary forms | 386.57 | 10.207 |
| 2 | 39081010 | Polyamide 6 (nylon 6) | 148.39 | 3.918 |
| 3 | 29173610 | Terephthalic acid | 139.36 | 3.680 |
| 4 | 85414030 | Solar cell | 106.16 | 2.803 |
| 5 | 72255000 | Flat-rolled products of other alloy steel, not further worked than cold-rolled (cold-reduced), of a width of 600 mm or more | 97.91 | 2.585 |
| 6 | 85423900 | Other electronic integrated circuits | 71.12 | 1.878 |
| 7 | 84733000 | Parts and accessories of the machines of heading 84.71 | 65.49 | 1.729 |
| 8 | 84571000 | Machining centres | 52.23 | 1.379 |
| 9 | 85258021 | Digital still image video cameras and digital cameras | 51.13 | 1.350 |
| 10 | 85176200 | Machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | 49.54 | 1.308 |
