In recent decades, the economic relationship between China and India has been marked by a significant exchange of goods. From electronics to consumer goods, Chinese products have found a prominent place in the Indian market due to their affordability and diverse range. This article aims to provide an overview of the extensive list of Chinese products available in India across various sectors.
Trade between India and China has historically seen India importing more than it exports. In April 2022, India faced a trade deficit of -8.37 Billion USD, which improved slightly to -1.38 Billion USD in April 2023 but still remained a deficit. This imbalance is fueled by India’s reliance on Chinese imports to meet domestic demand across various sectors. Major imports from China to India include electronics, machinery, chemicals, and plastics, while India primarily exports raw materials like iron ore, fuels, and organic chemicals to China. Particularly, India’s pharmaceutical industry heavily depends on Chinese imports for active pharmaceutical ingredients (APIs).
Looking ahead to 2024 and beyond, the import landscape from China to India offers abundant opportunities for small business owners. Here, we’ll explore the top 8 Chinese products that continue to be in high demand in the Indian market:
India and China share a complex trade relationship, with both countries being significant players in the global market. While China is known for its manufacturing prowess and exports, India also contributes to this economic exchange by exporting various products to China. Below is the list of the products exported to China from India:
The table given below shows the value of Chinese products imported to India:
Products | Value ($USD) |
Electrical, Electronic Equipment | 30.63 billion |
Machinery, nuclear reactors, boilers | 21.72 billion |
Organic chemicals | 13.55 billion |
Plastics | 5.44 billion |
Fertilizers | 2.34 billion |
Optical, photo, technical, medical apparatus | 2.21 billion |
Iron and Steel | 1.98 billion |
Articles of Iron or Steel | 1.89 billion |
Vehicles other than railway, tramway | 1.80 billion |
Miscellaneous chemical products | 1.71 billion |
Aluminum | 1.37 billion |
Inorganic chemicals, precious metal compound, isotope | 1.23 billion |
Manmade filaments | 1.16 billion |
Mineral fuels, oils, distillation products | 1.07 billion |
As global trade dynamics evolve, China remains a significant player in supplying goods to India, catering to various sectors and industries. Examining the trends and data from 2022 provides insights into the top Chinese products imported to India, offering valuable opportunities for small business owners in 2024 and beyond. Let’s delve into these key product categories:
Chinese companies have established multiple manufacturing units in India due to the country’s significant consumer demand for various products. With India being a leading market for consumer goods, Chinese companies have recognized the opportunity and set up operations in the country. Currently, there are approximately 20 mobile companies and around 80 other companies dealing with a wide range of services and gadgets operating in India.
Here is the list of Chinese companies in India:
To determine if a product is made in China, check its barcode for the first three digits: 690, 691, or 692. These codes, assigned by the International Standards Organization (ISO), indicate Chinese origin. While barcodes provide insight, consider other labeling and online resources for verification. It’s important to note that barcodes may not always be the sole indicator of a product’s origin, so use multiple factors for informed decisions.
The Ministry of State for Corporate Affairs, disclosed that India hosts a total of 174 registered Chinese companies.
Chinese products are affordable in India due to economies of scale, where large-scale production results in higher output and lower costs. This cost efficiency leads to lower prices for goods, making them more accessible to consumers. Additionally, China's productive labor force, coupled with robust human capital, significantly contributes to the efficient production processes and operations of Chinese companies, further driving down the cost of their products in the Indian market.
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