Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

Table 8: India’s Major Exports to CARIFORUM Countries

Share in Exports (%, 2020)

HS Code

Product Label

2017 2018 2019

2020

All products

517.2 533.7 543.0 532.4

30 Pharmaceutical products

99.4 105.0 110.8 121.4 22.8%

52.3 55.5 67.7 47.4

8.9%

87 Vehicles other than railway or tramway rolling stock

39 Plastics and articles thereof

41.4 45.1 39.8 43.4

8.1%

2.1 2.4 2.9 41.6

7.8%

27 Mineral fuels, mineral oils and products of their distillation

84 Machinery, mechanical appliances

25.0 25.0 25.0 24.3

4.6%

21.6 20.2 25.3 20.7

3.9%

24 Tobacco and manufactured tobacco substitutes

73 Articles of iron or steel

18.3 18.0 27.8 15.4

2.9%

12.5 16.0 13.6 14.5

2.7%

85 Electrical machinery and equipment and parts thereof

72 Iron and steel

42.8 30.7 21.7 13.1

2.5%

Fish and crustaceans, molluscs and other aquatic invertebrates

17.4 20.4 18.9 13.0

2.5%

3

38 Miscellaneous chemical products

6.9 7.7 9.6 12.8 3.1 8.2 8.6 11.5 2.2 3.9 6.3 10.3 0.0 0.0 0.1 9.8 13.6 17.3 16.4 8.8

2.4% 2.2% 1.9% 1.8% 1.6%

69 Ceramic products

22 Beverages, spirits and vinegar 89 Ships, boats and floating structures

52 Cotton

Source: ITC Trademap; India Exim Bank Analysis

India’s Exports to CARIFORUM – Top Destinations, Product Wise The following table (Table 9) presents the top product categories that India exported to India’s top export partners in the CARIFORUM region. Pharmaceutical products, transport vehicles, plastics and its articles dominated India’s export basket in 2020.

India's Trade Relations with the CARIFORUM Countries

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