India and China trading up by 45.6 YoY

According to latest statistics from Indian commercial department, India & China trade volume in the first 11 months of 2007 or 2008 fiscal year recorded USD 33.77 billion up by 45.6% YoY.

Among this, the export to China gained USD 20.16% billion to USD 8.96% billion accounting for 6.27% of the total export of these country. China has become Indian third biggest export destination.

The 5 major items for export to China contain iron ore, other ores, non ferrous metal, plastics and asphalt felt products and dye.

Iron ore in particular took by 92.14% of the country's total export of this resource, as equal as 45% of total export to China.