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2023
Flag → Flag
Exports $18.1BRnk 3 / 220
2023
Flag → Flag
Top Product $3.45BIron Ore
2023
Flag → Flag
Exports $125BRnk 7 / 208
2023
Flag → Flag
Top Product $9.66BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

India-China Trade: In 2023, India exported $18.1B to China. The main products that India exported to China were Iron Ore ($3.45B), Refined Petroleum ($1.17B), and Crustaceans ($807M). Over the past 5 years the exports of India to China have decreased at an annualized rate of 1.89%, from $19.9B in 2018 to $18.1B in 2023.

In 2023, India did not export any services to China.

China-India Trade: In 2023, China exported $125B to India. The main products that China exported to India were Integrated Circuits ($9.66B), Telephones ($8.98B), and Computers ($6.47B). Over the past 5 years the exports of China to India have increased at an annualized rate of 10.8%,  from $74.8B in 2018 to $125B in 2023.

In 2023, China did not export any services to India.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $1.17B and imported $8.69B from China, resulting in a negative trade balance of $7.52B. Between November 2023 and November 2024 the exports of India have decreased by $-218M (-15.7%) from $1.39B to $1.17B, while imports increased by $688M (8.6%) from $8B to $8.69B.

Trade In November 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 November 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 November 2024, the decrease in India's year-by-year exports to China was explained primarily by an decrease in product exports in Petroleum Products ($-108M or -97.4%), Aluminium, Products Of Aluminm ($-48.4M or -94.5%), and Rice(Other Than Basmoti) ($-47.6M or -78.1%). In November 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

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-218M(-15.7%)
IMPORT GROWTH (November 2023 - November 2024)$688M(8.6%)

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.

For full datasets download visit Bulk Download page.

Explore China and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $18.1B to China. The main products exported from India to China were Iron Ore ($3.45B), Refined Petroleum ($1.17B), and Crustaceans ($807M). During the last 5 years the exports of India to China have decreased at an annualized rate of 1.89%, from $19.9B in 2018 to $18.1B in 2023.

In 2018, China exported $125B to India. The main products exported from China to India were Integrated Circuits ($9.66B), Telephones ($8.98B), and Computers ($6.47B). During the last 5 years the exports of China to India have increased at an annualized rate of 10.8%, from $74.8B in 2023 to $125B in 2018.

Exports from India (Flag) to China (Flag) (2023)

Exports from China (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
China
Top DestinationUnited States$436B

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 2023, countries that imported more from India than China included Nepal ($7.25B), Bhutan ($980M), and Gibraltar ($924M).

In 2023, countries that imported more from China than India included United States ($436B), Hong Kong ($259B), and Japan ($169B).

Difference in imports from China (Flag) and India (Flag) (2023)

Comparative Advantage India - China

Flow
Scale

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

During 2023, India had a large net trade with China in the exports of Mineral Products ($5.75B), Chemical Products ($2.14B), and Machines ($1.93B).

During 2018, China had a large net trade with India in the exports of Machines ($70.3B), Chemical Products ($20.3B), and Metals ($8.41B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India China+$3BRefined Petroleum
Top Product Potential China India+$5.05BTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and China. This means that a dot/product with the flag of India indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over India.

Product Space of India (Flag) and China (Flag) (2023)

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