Dip in India’s plastic exports

Findings from Plastics Export Promotion Council (Plexconcil) suggest that India’s plastic exports for September 2019 declined by 16.8% to US$ 649 million from US$ 780 million in September 2018. There was also a negative growth of 5.9% in the cumulative value of plastics export from India during April 2019 to September 2019 to US$ 4,324 million as against US$ 4,594 million during the same period last year. The data also points out that India’s plastics exports in September 2019 were negative across all territories including, ASEAN (-34%); Latin America & Caribbean (-30.1%); North-East Asia (-22.5%); Commonwealth of Independent States (-19.8%); European Union (-19.6%); Africa (-13.3%); South Asia (-11.4%); Middle East (-7.5%); and North America (-6.0%). To tame this situation, Plexconcil is attracting foreign buyers to do more business with Indian companies.

Subscribe To Newsletter

Stay ahead in the dynamic world of trade and commerce with India Business & Trade's weekly newsletter.