India (IND) and China (CHN) Trade | The Observatory of Economic Complexity

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India-China In 2022, India exported $15.3B to China. The main products that India exported to China are Refined Petroleum ($1.95B), Iron Ore ($1.04B), and Crustaceans ($895M). During the last 27 years the exports of India to China have increased at an annualized rate of 14.2%, from $429M in 1995 to $15.3B in 2022.

In 2022, India did not export any services to China.

China-India In 2022, China exported $110B to India. The main products that China exported to India were Computers ($6.28B), Broadcasting Equipment ($5.56B), and Integrated Circuits ($4.56B). During the last 27 years the exports of China to India have increased at an annualized rate of 19.4%, from $924M in 1995 to $110B in 2022.

In 2022, China did not export any services to India.

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, China ranked 24 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($3.73T).

Latest Trends

January, 2024

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Overview In January 2024, India exported $1.55B and imported $8.96B from China, resulting in a negative trade balance of $7.41B. Between January 2023 and January 2024 the exports of India have increased by $388M (33.4%) from $1.16B to $1.55B, while imports increased by $1.07B (13.5%) from $7.89B to $8.96B.

Trade In January 2024, the top exports of India to China were Iron Ore ($256M), Marine Products ($103M), Copper And Prdcts Made Of Copr ($54.6M), Spices ($50.1M), and Castor Oil ($43.4M). In January 2024 the top imports of India from China were Electronics Components ($611M), Telecom Instruments ($609M), Computer Hardware, Peripherals ($523M), Indl. Machnry For Dairy Etc ($489M), and Organic Chemicals ($361M).

Growth In January 2024, the increase in India's year-by-year exports to China was explained primarily by an increase in product exports in Iron Ore ($51.6M or 25.2%), Marine Products ($32.3M or 45.7%), and Vegetable Oils ($23.3M or 3.36k%). In January 2024, the increase in India's year-by-year imports from China was explained primarily by an increase in product imports in Fertilezers Manufactured ($251M or 690%), Accumulators And Batteries ($113M or 71.2%), and Silver ($80.1M or 1.1k%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$388M(33.4%)

IMPORT GROWTH (January 2023 - January 2024)$1.07B(13.5%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check China and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $15.3B to China. The main products exported from India to China were Refined Petroleum ($1.95B), Iron Ore ($1.04B), and Crustaceans ($895M). During the last 27 years the exports of India to China have increased at an annualized rate of 14.2%, from $429M in 1995 to $15.3B in 2022.

In 2022, China exported $110B to India. The main products exported from China to India were Computers ($6.28B), Broadcasting Equipment ($5.56B), and Integrated Circuits ($4.56B). During the last 27 years the exports of China to India have increased at an annualized rate of 19.4%, from $924M in 1995 to $110B in 2022.

Exports from India () to China () (2022)

Exports from China () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

China
Top DestinationUnited States$551B

This map shows whether countries import more from India or China. Each country is colored based on the difference in imports they receive from India and China or the difference in the growth in imports.

In 2021, countries that imported more from India than China were Nepal ($8.66B), Sri Lanka ($6.59B), and Togo ($5.43B).

In 2021, countries that imported more from China than India were United States ($551B), Hong Kong ($276B), and Japan ($178B).

Difference in imports from China () and India () (2022)

Comparative Advantage India - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between India and China by product, considering products traded by both, India and China.

During 2022, India had a large net trade with China in the exports of Mineral Products ($4.08B), Chemical Products ($2.39B), and Metals ($1.65B).

During 2022, China had a large net trade with India in the exports of Machines ($53.3B), Chemical Products ($19.1B), and Metals ($9.13B).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over China. Similarly, the more yellow a dot/product is, the more China has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to China () (2022)

Exports from China () to India () (2022)

Market Competitiveness

Difference in imports from China () and India () (2022)

Comparative Advantage India - China

Economic Complexity

Competitive Landscape

Product Space of India () and China () (2022)

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