Lockdown, steel output restrictions hit exports to China, shows data

The exports basket is largely dominated by steel, iron ore, copper, paper products, plastics, organic chemicals, among others

Though robust external demand resulted in a 45 per cent jump in India’s goods exports in financial year 2021-22 (FY22), imports by China were nearly flat for a host of reasons, including the lockdowns imposed in the neighbouring country to check the spread of the Omicron variant.

In FY22, India exported goods worth $21.25 billion to China, up 0.31 per cent year-on-year (YoY), but China’s share in Indian exports declined to five per cent in FY22, a reversal of the recent trend of steady rise since FY17, and much lower than the 7.3 per cent share in FY21, according to