Comparative Study Of Sino-india Merchandise Trade

Being neighboring countries,China and India are the two largest developing countries in Asia.As one of the "troikas" driving economic growth,foreign trade has contributed tremendously to the economic growth of China and India.Since 2000,China and India both have made improvement in the merchandise trade.Over the past decades,successive Indian governments have paid increasing attention to the development of the merchandise trade.since in 2014,when Modi was elected as the prime minister of India,he launched the "Made in India" campaign and relaxed policies to attract foreign investment.In terms of the total trade volume,there is still a big gap between India and China.However,it remains to be seen whether India is likely to catch up with China in the merchandise trade and whether China should stay alert to it.In addition,India is one of the most important countries along the countries along the "One Belt And One Road" initiative,and the comparison of merchandise trade between China and India can also provide better advices for the merchandise trade between the two countries.Based on the basic theory of the world economic and trade geography,using qualitative and quantitative analysis,comparative analysis and chart method,from the perspective of the international market and bilateral trade between the two countries merchandise trade.The main conclusions are as follows:(1)Regardless of the total amount of imports or the total amount of exports,India obviously lags behind China.The difference in the commodity structure between the two countries is also large.China's export and import commodity structure are more concentrated,and India's import and export commodity structure is more decentralized than China's.(2)China and India's export trade centers are all in Asia,and the common export partners of the two countries are the United States,Hong Kong,Germany,the Netherlands,the United Kingdom,and Singapore.China and India share relatively few major import trading partners.China and India are competing mainly in SITC8(miscellaneous products)in the trade of goods in the six major export trade areas.(3)Both labor-intensive products of China and India have strong international competitiveness.In addition,China's SITC7(mechanical and transport equipment)and India's SITC0(food and animal products)also have strong international competitiveness.(4)China's trade in goods with India has experienced a long-term surplus,and the trade surplus has been growing.The major categories of goods exported to each other by China and India are quite different.China is dominated by capital or technology-intensive products,while India is dominated by labor-intensive products and primary products.(5)The degree of interdependence between China and India's trade in goods is still relatively low,and the dependence of Chinese exports on India is slowly increasing,while the dependence of Indian exports on China is slowly declining.However,India's current dependence on China's exports is slightly higher than its dependence on India's exports.(6)The category of goods that China and India has long-term competitiveness in the other market is significantly different.China's long-term competitiveness in the Indian market is SITC5(chemicals not otherwise specified)and SITC6(finished products mainly based on raw materials);India's long-term competitiveness in the Chinese market is SITC2(non-edible raw materials)(Excluding fuel)),SITC4(animal and vegetable oils,fats and waxes).(7)India's current overall trade situation is not scary,but the potential for the development of India's trade in goods is still relatively large.China should maintain appropriate vigilance and increase its trade strength.