Bilateral trade reached $125.6 billion in 2021, with India’s imports from China accounting for $97.5 billion. Imports were higher by 30% from 2019 while India’s exports to China, amounting to $28.1 billion, were up by as much as 56% from two years earlier.
How much trade is there between India and China?
India’s total trade with China was $125.7 billion in the 2021. The sharp uptick in imports has pushed India’s trade deficit with China to $69.4 billion in 2021, up from $45.9 billion in 2020 and $56.8 billion in 2019. India’s official statistics on bilateral trade with China are updated only till November 2021.
How much does China export to India?
China Exports to India was US$66.73 Billion during 2020, according to the United Nations COMTRADE database on international trade. China Exports to India – data, historical chart and statistics – was last updated on February of 2022.
How much business does China get from India?
The India-China bilateral trade touched a record high of over USD 125 billion in 2021, crossing the USD 100 billion-mark in a year when the relations hit a new low due to the prolonged standoff by the militaries in eastern Ladakh, while India’s trade deficit too mounted to over USD 69 billion, according to official …
What is India’s main export?
India’s major exports included petroleum products, gems and jewelry, and drug formulations. Additionally, the value of the various types of machinery India exported was valued at over 29 billion U.S. dollars. Other major exports include spices, tea, coffee, tobacco in agriculture, along with iron and steel.
Who is the biggest importer of Chinese goods?
Mainland China’s 100 major trade partners account for $2.551 trillion or 98.5% of all exported goods consumed by trade partners that import from the People’s Republic.
Searchable Datalist of Countries Consuming China’s Exports.
|Exports from China (US$)||$452,576,771,000|
What does China buy from India?
While a break-up of imports and exports was not immediately available, India’s biggest exports to China in recent years were iron ore, cotton and other raw material-based commodities, which have seen a recovery in demand in China last year, while India has imported large quantities of electrical and mechanical …
Why does India depend on China?
India depends on China in many key industries from electrical machinery and appliances to pharmaceutical drug API. Cost is a vital reason why Chinese products dominate markets across sectors.
Is India dependent on China?
A group of ministers in a report last year had acknowledged that India remains critically dependent on China for 86 items including items like consumer electronics, computer hardware, telephone equipment and electronic items.