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India’s imports through containerised cargo witnessed a 2.2% fall in the first quarter (January-March) of 2019 as against a 6% increase in exports during the same period.
This degrowth in imports is primarily attributed to a decline in certain products like waste paper, paperboard and plastic imports.
“The waste paper, paperboard and plastic imports saw a decline, as the Indian government early this year levied additional duties. Concurrently, China restarted importing low-quality papers like craft paper and boards in the first quarter, resulting in a lower supply to India,” said Steve Felder, managing director, Maersk South Asia.
Source: DNA India
