UK Organic Chemicals imports from india
India's share in UK's total Organic Chemicals imports and exports
The trade between India and UK in organic chemicals and has been growing steadily over the last one decade with the exception in 2002 when it declined to certain extent. Organic chemical is one of India’s major export items to UK. India’s has got the larger share in total trade of organic chemicals with 63% of the total share. The strength of the industry is in developing cost effective technologies in the shortest possible time for drug intermediates and bulk activities without compromising on quality. This is realized through the country's strengths in organic chemicals' synthesis and process engineering.
UK’s organic chemical exports to India has seen a sudden surge in the year 2008, prior to that it was more or less a very stagnant level of exports that was experienced.
Trade Growth and Declines
- Trade in 2008: The export of Organic Chemicals and related products from UK to India stands at GBP 81.13m while that of import from India is at GBP 137.88mn.
- Despite Impact of recession in 2008, the Organic Chemicals export from UK to India grew by 73% in 2008.
- The total trade witnessed the highest percentage change of +36% on Year-On-Year (YOY) basis in 2008.
- In 2005 export of Organic Chemicals from UK to India fell by 5% on other hand UK imports from India also grew by 20% which means that 2005 saw a surge in imports from India into UK.
Share of Trade
- UK’s total import from the world was GBP 8.85b in 2008.
- India’s share in UK’s import in 2008 was 1.55% which is quite an increase from the more or less similar levels of 2006 and 2007.
- UK’s total export of organic chemicals to the world was GBP 8.78bn in 2008.
- In 2005 & 2006 for two consecutive years India’s share of UK export fell.
- India’s share of total exports of UK was almost 1%.
- In 2008, India’s share in mutual trade fell by almost 7%.