Commerce Ministry sees export boost in 354 items

In these 774 items, China's imports from the US stand at an annual $20.4 billion. However, while India exports these items worth $32.8 billion to the world, it ships out only $2.9 billion to China. This means there is a huge scope for India to replace the US. However, as has been pointed out by analysts, benefits to India are contingent on greater competitiveness as well as its ability to scale up production to meet higher demand. Similarly, of the 531 tariff lines on which the US has imposed additional duties on China, India can export more, more so in 203 items. In these 531 items, China's supplies to the US are to the tune of $30.6 billion a year. While India ships out these items worth $22.2 billion to the world, it exports only $2.4 billion to the US. Indian products that can tap the Chinese market include rubber, paper/paperboard, copper ores, equipment for transmission voice/data in a wired network, tunes and pipes, while goods that can grab exports opportunities in the US market include industrial valves, vulcanised rubber, carbon or graphite electrodes and natural honey. Raising exports could help India narrow the trade deficit with China, which stood at around $52 billion in 2018-19. FE DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: The Indian Expresshttps://www.openstreetmap.org/user/shaikumar