China remains India’s largest import market and the second-largest export market after the US. Its share in India’s total exports rose two percentage points to 7.3 per cent in 2020-21 from 5.3 per cent in 2019-20, shows data from the Indian commerce ministry, and the Chinese government’s trade data dissemination body.
What is China export percentage to India?
Two-way trade was substantially higher than pre-pandemic levels, with bilateral trade up 29.7% compared to the same period in 2019, with India’s imports up 21.5% and exports to China up 64.5%. India’s biggest exports to China are iron ore, cotton, and other raw material-based commodities.
What is China’s biggest export to India?
The main items to be exported from China to India are electrical machinery and equipment, organic chemicals, nuclear reactors, boilers, machinery, silk, mineral fuels, and oils.
What is the total import from China to India?
India Imports from China was US$58.8 Billion during 2020, according to the United Nations COMTRADE database on international trade. India Imports from China – data, historical chart and statistics – was last updated on January of 2022.
What is the export percentage of China?
China exports of goods and services as percentage of GDP is 18.50% and imports of goods and services as percentage of GDP is 17.34%.
What is India’s main export?
Exports The top exports of India are Refined Petroleum ($39.2B), Diamonds ($22.5B), Packaged Medicaments ($15.8B), Jewellery ($14.1B), and Cars ($7.15B), exporting mostly to United States ($55.3B), United Arab Emirates ($28.6B), China ($17.4B), Hong Kong ($11.5B), and Singapore ($9.53B).
Is India dependent on China?
A group of ministers in a report last year had acknowledged that India remains critically dependent on China for 86 items including items like consumer electronics, computer hardware, telephone equipment and electronic items.
What is India’s largest import?
India main imports are: mineral fuels, oils and waxes and bituminous substances (27 percent of total imports); pearls, precious and semi-precious stones and jewelry (14 percent); electrical machinery and equipment (10 percent); nuclear reactors, boilers, machinery and mechanical appliances (8 percent); and organic …
Who is the largest importer of Chinese goods?
List of largest trading partners of China
|Rank||Country / Territory||Imports|
What does China buy from India?
India-China Trade – Latest year-on-year data (In $ million)
|Top 10 items of imports from China||April-August 2021|
|Computer hardware||$2,944 million|
|Telecom instruments||$2,402 million|
|Organic chemicals||$2,232 million|
|Industrial machinery for dairy etc||$1,875 million|
Which country imports the most from India?
Distribution of India’s imports in financial year 2020, by leading country or region of origin
|Characteristic||Share of imports|
|United Arab Emirates||6.38%|
What will happen if India stop import from China?
Boycotting Chinese goods would mean fewer cheap goods for consumers in India. A reduction in the imports of cheaper capital goods would also push up production costs, making products costlier, thereby, affecting the consumers. … Even if in deficit, India exports good worth $13.3 billion to China.
What is India’s total export?
Overall Exports and Imports for India 2019
The total value of exports (FOB) is US$ 323,251 million. The total value of imports (CIF) is US$ 478,884 million. At the HS6 digit level, 4,442 products are exported to 226 countries and 4,356 products are imported from 210 countries.
Which country is the biggest exporter?
China has been the largest exporter of goods in the world since 2009. 1 Official estimates suggest the country’s total exports amounted to $2.641 trillion in 2019.
How much does India export?