Dependence on China: India’s exports to China have decreased in recent years while imports from China have increased significantly
In 2022, India’s imports from China reach a record high, while exports to China fall to a five-year low. This imbalance has further increased the trade deficit. Electrical machinery and electronic equipment were the largest items imported by India from China. For some time, India’s dependence on China for such goods has remained very high. Although. India is not alone as dependence on imports from China has increased among Indian neighbors and other BRICS countries as well.
increasing import
The chart shows the trade value of goods imported from China on the left axis. China’s share in India’s total imports is marked on the right axis. In terms of value, import from china Reaching a record $94.7 billion in 2022. When considered as a share of India’s total imports, this is set to grow to 14% in 2022, although the share peaked in 2016.
negligible exports
The chart shows the trade value of goods exported to China on the left axis. China’s share in India’s total exports is on the right axis. In value terms, India’s exports to China were at a five-year low (up to November 2022). Its share in total exports is set to decline from around 7% in 2020 to 3.4% in 2022, last seen in 2016
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most exported items
The chart shows the 20 goods exported by India to China in the last three years combined – 2022, 2021 and 2020. Of these, the most exported items belonged to categories such as ores, mineral fuels and oils, and iron and steel. Petroleum oil, iron ore, shrimp and prawns were the most exported items. The larger the class size, the higher the value of the exported goods.
most imported goods
The chart shows the top 20 imported goods from China by India in the last three years – 2022, 2021 and 2020. Of these, the most imported goods were related to electronic machinery and equipment, mechanical equipment, organic chemicals and fertilizers. Laptops, electronic integrated circuits and telephone sets and parts were the most imported items. The larger the class size, the higher its value
country wise dependency
The chart shows India’s dependence (in % terms) on Chinese imports in two different time periods 2011 and 2021 in select countries. Dependence on imports from China increased between the countries of India – Pakistan and Sri Lanka – and the BRICS countries, namely Russia, Brazil and South Africa. It remained unchanged in the US and increased slightly in the UK. All figures are in %.
item-wise dependency
Charts show India’s dependence on China for select imported goods (in % terms). Dependence remains high in the case of goods such as laptops and semiconductor devices. But in some parts of urea and cellular phones the dependence decreased but now it is on an increasing trend.
Source: UN Comtrade Database, ministry of commerce and industry
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