India has not gained much from a drop in Chinas share in American imports, despite New Delhis close diplomatic relation with Washington and a recent push to boost its own local manufacturing base, a study by Rabobank shows.
The South Asian nation saw only a slight increase of its share in shipments to the U.S. last year, according to the Rabobank report, as a trade war with China pushed American companies to diversify their supply chain away from the worlds second-biggest economy.
Relocating Imports
Vietnam, Mexico and Taiwan have grabbed a bigger slice of U.S. imports
NOTE: Imports back stands for imports back to the U.S. Others include Malaysia (2%), South Korea (4%), Thailand (2%) and India (3%).
One of the reasons why India hasnt benefited more is because the largest shift is found in the computer and electronic products sector, economists Ralph van Mechelen and Michiel van der Veen wrote in the note. That is an industry that is relatively small in India at the moment.
https://www.bloomberg.com/news/articles/2020-07-15/drop-in-chinese-exports-to-u-s-didn-t-help-india-says-rabobank
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India has not gained much from a drop in Chinas share in American imports, despite New Delhis close diplomatic relation with Washington and a recent push to boost its own local manufacturing base, a study by Rabobank shows. The South Asian nation saw only a slight increase of its share in shipments to the U.S. last year, according to the Rabobank report, as a trade war with China pushed American companies to diversify their supply chain away from the worlds second-biggest economy. Relocating Imports Vietnam, Mexico and Taiwan have grabbed a bigger slice of U.S. imports NOTE: Imports back stands for imports back to the U.S. Others include Malaysia (2%), South Korea (4%), Thailand (2%) and India (3%). One of the reasons why India hasnt benefited more is because the largest shift is found in the computer and electronic products sector, economists Ralph van Mechelen and Michiel van der Veen wrote in the note. That is an industry that is relatively small in India at the moment. https://www.bloomberg.com/news/articles/2020-07-15/drop-in-chinese-exports-to-u-s-didn-t-help-india-says-rabobank