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The wide application of satellite-based and reanalysis-based precipitation data has greatly promoted hydrometeorological research in areas where precipitation observations are scarce. However, the suitability of such precipitation products needs to be carefully evaluated before applications in certain basins because their inherited errors vary with different climate zones, seasonal cycles and land surface conditions; in addition, precipitation products have not been evaluated in the Xihe River basin, China. In this paper, two representative satellite-based precipitation products (Tropical Rainfall Measuring Mission (TRMM) and Precipitation Estimation from Remotely Sensed Information using Artificial Neural Networks-Climate Data Record (CDR)) and two reanalysis-based precipitation products (China Meteorological Assimilation Driving Datasets for the Soil and Water Assessment Tool (SWAT) model (CMADS) and National Centers for Environmental Prediction - Climate Forecast System Reanalysis (CFSR)) were selected for evaluation and corrected against gauge-observed data (OBS). Furthermore, the performances of precipitation products in hydrological simulations were also assessed using the SWAT model calibrated with OBS forcing and not with individual precipitation products. The results show that satellite-based precipitation has a higher quality than reanalysis-based precipitation. The CFSR and CDR overestimate precipitation (the overestimation of CDR precipitation is mainly concentrated in the precipitation intensity range of 1 mm/d to 5 mm/d), while the TRMM and CMADS underestimate precipitation in the Xihe River basin. The TRMM precipitation performs best during the wet season, while the CDR precipitation performed best during the dry season. After bias correction, the quality of TRMM precipitation improves significantly. The Nash-Sutcliffe coefficient (NS) (the percent bias (|PBIAS|)) increases (decreases) by 0.61 (77.27%) and 0.7 (39.15%) under the two different correction scenarios during 2009–2015. Overall, the above original precipitation products cannot be used as supplements to the OBS in the Xihe River basin unless they are corrected by the OBS. • Four precipitation products (TRMM, CDR, CMADS and CFSR) were selected for evaluation and corrected against OBS. • The hydrological simulation results show that satellite-based precipitation performs better than reanalysis precipitation. • TRMM performs best during the wet season, while CDR performes best during the dry season. [ABSTRACT FROM AUTHOR]