Sumitomo, GE Drag on Indian Exports as Trade War Opportunity Is Missed — Panjiva
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Sumitomo, GE Drag on Indian Exports as Trade War Opportunity Is Missed

Cons. Discr. - Apparel 530 India 550 Industrials - Capital Goods 619 Trade Balance 935 U.S. 5398

India’s international trade activity fell for a fourth straight month in September, including a 6.6% drop in exports. One reason is that India may be failing to capitalize on reduced Chinese exports to the U.S. resulting from the ongoing trade war. Indeed, India’s seaborne exports of apparel to the U.S. grew by just 4.9% in September. Similarly, shipments of machinery and electronics fell 2.6% after rising 9.3% in the prior three months. Panjiva data shows that imports by Sumitomo Wiring and General Electric may have fallen by 67.6% and 66.0% respectively in September compared to a year ...

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