What products does China buy from India?

The following are some of the important products that India exports to China:

• Mineral and petroleum-based fuels
• Copper and copper alloys that have been refined
• Cotton yarn with a content of more than 85% cotton
• Cotton that hasn’t been carded or combed
• Oils from petroleum
• Excluding crude oil, oils derived from bituminous materials
• Granite, sandstone, basalt, and porphyry are common building stones.
• Ores and concentrations of iron
• Iron pyrites that have been roasted
• Jojoba oil and other vegetable fats and oils
• Corundum made in a lab
• Aluminium oxide and hydroxide are two types of aluminium oxide.
• Cyclic alcohols, cyclonic alcohols, and cycloterpene derivatives are all examples of cyclic alcohols.
• Human hair, wool, and animal hair are examples of textile materials used in wigs.
• Grain and tobacco are examples of agricultural products.
• Diesel engines and compressors are examples of engineering products.
• Foods from the sea
• Durable goods for consumers

What products does China export to the United States?

While we’ve been focusing on India’s exports to China, let’s take a look at what we import from them. For over 2000 years, India and China have had commercial connections, trading a variety of essential goods and products. India has been increasingly reliant on China for products such as organic chemicals, mobile phones, household goods, and nuclear reactors in recent years. According to data from the Department of Commerce, China accounts for about 14% of India’s total imports, totaling $62.3 billion. The following are the main products that China exports to the United States:

1.Components and produ

cts for electronics

2.Chemicals made up of organic compounds

3.Reactors and other nuclear machinery

4.Components for computers

5.Automobile components

6.Toys

7.Fertilizers

8.Cellular phones

9Lightings

10.Products made from milk

Due to the high cost of manufacturing solar modules and cells in India, Chinese companies supply roughly 80% of the country’s solar modules and cells. The telecom industry is another major benefactor of Chinese imports, with Airtel and Idea’s 4G networks relying on ZTE and Huawei equipment. Several critical components are imported from China by industries that make refrigerators, mobile phones, and automobiles. Furthermore, China provides more than 70% of the drug intermediaries utilised in pharmaceutical manufacture in India. While India has a $16 billion trade surplus with the United States, it has a $53 billion trade deficit with China in the evaluation year 2018-19.

Future Preparations
To fight large-scale imports from China, India’s Prime Minister urged for the implementation of the Atma Nirbhar Bharat plan. However, because this is a large undertaking, it may take some time to get up and running. As a result, our administration will face a difficult task in identifying a viable alternative to China. Furthermore, as can be seen from the chart above, the volume of trade between these two countries is enormous. Imposing a strict ban right now will drive up the price of various products in India. Border issues have been steadily lowering bilateral trade between the two countries, with trade falling by 15% since 2018.
However, India is concerned about the unexpected increase in military activity in the Galwan region. Furthermore, due to the ongoing health crisis, worldwide hostility toward China is increasing. Overall, this could be India’s chance to outperform its neighbour and gain a larger share of the outsourced production market. According to the Commerce and Industry Ministry, imports of Chinese goods fell to $21.58 billion in September, while exports increased by 10%. Government officials are developing projects totaling INR 25,000 crore over the next five years to improve India’s manufacturing. India will no longer be reliant on Chinese drugs, fertilisers, or insecticides as a result of these plans.

With several multinational corporations expressing interest in relocating their operations to India, this might be a fantastic chance for our country. The government appears to be doing everything it can to get such foreign investors to set up manufacturing operations in India. This would not only assist millions of people find work, but it will also strengthen India’s worldwide economic standing.