Around 14 percent of imports from China to India. Electrical machinery, cell phones, heavy machinery, telecom, power, plastic toys and key pharma ingredients, furniture, pharma, fertilizer, food, and textiles are import from China to India. During the period April 2019 to February 2020, India purchased items worth $62.4 billion from China.
As we all know, the United States is India’s greatest commercial partner, and second is China. The main difference between India’s trade with the United States and India’s trade with China would be that India has a trade surplus with the United States of 16 billion dollars. In contrast, China had a trade deficit of 53 billion dollars in 2018-19.
Chemicals, automotive components, consumer electronics, and pharmaceuticals account for approximately 13.7 percent of India’s imports from China. To make medical tools and medicines in India, the Indian medical industry relies on Chinese materials.
In 2018-19, India’s trade with China totaled 87.07 billion dollars. In 2018-19, Indian imports from China were worth Usd70.32 billion, while exports to China totaled only US$16.75 billion. In 2018-19, India’s trade deficit with China was $53.57 billion.
List of Things Import from China to India
India’s most common import from China is electronic devices. During 2018-19, its total imported values were US$ 20.6 billion, with machinery costing 13.4 billion dollars, organic chemicals costing 8.6 billion dollars, and plastic products cost 2.7 billion dollars.
This Product Import From China
- Electronics products
- Organic Chemicals
- Nuclear Machinery
- Parts of computers
- Cars and motorcycles parts
- Milk products
- optical and medical instruments
- Iron and steel
China accounted for almost 14% of India’s total imports in 2018-19. Therefore, the Indian economy is dependent on Chinese imports. During 2017, the most important item imported from China has been electrical machinery. For more queries or details, please call on +91 9211066888 or contact us IMPEXPERTS