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2022
Flag → Flag
Exports $15.3BRnk 4 / 217
2022
Flag → Flag
Top Product $1.95BRefined Petroleum
2022
Flag → Flag
Exports $110BRnk 8 / 211
2022
Flag → Flag
Top Product $6.28BComputers
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

India-China Trade: In 2022, India exported $15.3B to China. The main products that India exported to China were Refined Petroleum ($1.95B), Iron Ore ($1.04B), and Crustaceans ($895M). Over the past 5 years the exports of India to China have increased at an annualized rate of 3.75%, from $12.7B in 2017 to $15.3B in 2022.

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

China-India Trade: 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). Over the past 5 years the exports of China to India have increased at an annualized rate of 9.61%,  from $69.3B in 2017 to $110B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Latest Trends

September, 2024

About

Overview In September 2024, India exported $1.11B and imported $9.65B from China, resulting in a negative trade balance of $8.53B. Between September 2023 and September 2024 the exports of India have decreased by $-183M (-14.1%) from $1.3B to $1.11B, while imports increased by $1.22B (14.4%) from $8.43B to $9.65B.

Trade In September 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 September 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 September 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 September 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 (September 2023 - September 2024)$-183M(-14.1%)
IMPORT GROWTH (September 2023 - September 2024)$1.22B(14.4%)

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 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 5 years the exports of India to China have increased at an annualized rate of 3.75%, from $12.7B in 2017 to $15.3B in 2022.

In 2017, 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 5 years the exports of China to India have increased at an annualized rate of 9.61%, from $69.3B in 2022 to $110B in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from India than China included Nepal ($8.66B), Sri Lanka ($6.59B), and Togo ($5.43B).

In 2022, countries that imported more from China than India included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

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 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 2017, China had a large net trade with India in the exports of Machines ($53.3B), Chemical Products ($19.1B), and Metals ($9.13B).

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) (2022)

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