India-China Exports: List of Products India Export to China
India and China have been trading partners for more than 2000 years
The two Asian countries have depended on each other in order to fulfill the needs of their domestic markets
Traditionally, India has been importing far more products from China compared to its exports to the country
However, in recent years, India’s exports to China have also started to grow at a rapid pace
At present, the two countries are engaged in a tussle along their border, and this has had a negative impact on the trade between them
Despite this hiccup, it is expected that the two countries will continue to be major trading partners in the future
This blog analyses the key products that India exports to China
India’s Key Exports to China
India exports numerous products to China, ranging from raw minerals to finished goods
The mix of products that are imported to China has altered significantly during the 21st century
As of 2019, the top product that India exports to China is organic chemicals
India’s organic chemicals industry has recorded consistent growth over the past few years
During 2018–19, the country exported organic chemicals worth ₹ 22,760 crores to China alone
This category of product is also exported to India’s other trading partners such as the US and the UK
Further, the second-highest exported product is mineral fuel
India is rich in natural minerals and continues to be a net exporter of these products
During the year 2018–19, India exported mineral fuels worth ₹ 20,031 crores to China
Although China also has a vast mineral reserve, it continues to depend on India when it comes to certain products
- For instance, oils obtained from bituminous minerals are exported to China from India
The third-highest exported product from India to China is cotton. Cotton yarn sourced from India continues to be in high demand in the East Asian nation
There is a huge demand for apparel and other related products in China. In addition to the domestic demand, the country’s factories also import raw cotton from India and process it for re-export purposes
During the year 2018–19, India exported cotton and cotton products worth ₹ 12,444 crores to China
Next on the list is iron and non-iron ores. India has abundant iron resources, and the country’s iron ore is exported to China on a consistent basis
The primary reason behind this is the fact that China spends a lot of money on developing its infrastructure and real estate
The Chinese real estate industry sources iron ore from India and utilizes it to develop its cities
During the year 2018–19, India exported ore products worth ₹ 8,572 crores to China
The fifth-most exported product is plastic
Chinese manufacturing industry sources raw plastic from India in order to meet the global demand for its products
During the year 2018–19, India exported plastic products worth ₹ 7,759 crores to China
Thus, it is clear that India exports a wide range of products to its Northern neighbor. Although trade between the two countries has been impacted in recent months, this situation is likely to change sooner rather than later
Conclusion
To conclude, it is clear that the India-China trade continues to evolve. In such a scenario, Indian exporters can often seek help from external sources. Institutions such as Euro Exim Bank offer customized support in the form of financial instruments and bespoke trade advisory services. Euro Exim Bank offers financial instruments such as Bank Guarantees and Letters of Credit (LCs). Further information about Euro Exim Bank and its key product offerings is available here.
