India imported goods from Hong Kong valued at approximately $3.83 billion USD in India. This figure reflects the ongoing trade relationship between the two regions and highlights the diversity of products exchanged.
Major Categories of Imports
The imports from Hong Kong to India included a variety of commodities, with significant contributions from the following categories:
- Pearls, Precious Stones, Metals, Coins: $2.53 billion
- Electrical and Electronic Equipment: $474.71 million
- Essential Oils, Perfumes, Cosmetics, Toiletries: $138 million
- Machinery, Nuclear Reactors, Boilers: $126.99 million
- Iron and Steel: $55.97 million
- Paper and Paperboard: $43.11 million
- Aluminum: $40.27 million
- Optical, Photo, Technical, Medical Apparatus: $39.27 million
- Clocks and Watches: $25.77 million
- Plastics: $17.26 million
These categories illustrate the broad spectrum of goods that India imports from Hong Kong, ranging from precious metals to electronics and consumer products.
Trends and Observations
- Diverse Product Range: The variety of goods imported from Hong Kong highlights the multifaceted nature of the trade relationship, with significant contributions from both consumer goods and industrial products.
- Economic Impact: The imports from Hong Kong play a crucial role in India’s supply chain, particularly in sectors such as electronics and precious metals, which are vital for various industries.
- Growth Potential: The ongoing trade relationship suggests potential for growth in specific sectors, especially as India continues to diversify its sources of imports.
Conclusion
The import relationship between Hong Kong and India in 2023 demonstrates a strong economic partnership, with a total import value of approximately $3.83 billion USD. The diversity of products exchanged underscores the importance of this trade relationship for both regions.
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