The majority of integrated circuits and micro assemblies imported into India continue to come from China, official data shows. In the first 8-months (April-November) of FY26, nearly 30% of these chips, originated in China with a total shipment worth $5.78 billion.
An additional 18.5%, costing $3.67 billion came from Chinese controlled Hong Kong. While imports from China rose by 3.5%, those from Hong Kong rose by nearly 10%. At a time when Centre is trying to diversify the basket of source nations for these key building blocks, Subhayan Chakraborty breaks down the shifting trade flows.
Imports from most major markets rose, with shipments from the United States jumping to $1.31 billion from $505 million. The only major country to buck the trend was chip manufacturing powerhouse Taiwan. India’s third largest source till FY25, shipments from the country slipped 21% in the latest period. Overall, imports came in from 64 countries in the current financial year, down from 65 countries in the preceding year.
An additional 18.5%, costing $3.67 billion came from Chinese controlled Hong Kong. While imports from China rose by 3.5%, those from Hong Kong rose by nearly 10%. At a time when Centre is trying to diversify the basket of source nations for these key building blocks, Subhayan Chakraborty breaks down the shifting trade flows.
Imports from most major markets rose, with shipments from the United States jumping to $1.31 billion from $505 million. The only major country to buck the trend was chip manufacturing powerhouse Taiwan. India’s third largest source till FY25, shipments from the country slipped 21% in the latest period. Overall, imports came in from 64 countries in the current financial year, down from 65 countries in the preceding year.
