Chinese exports to India last year rose to $118.5 billion, a year-on-year (YoY) rise of 21.7 per cent, while its imports from India fell to $17.48 billion, a YoY decline of 37.9 per cent.
India’s trade deficit with China stood at $101.02 billion last year, crossing the 2021 figure of $69.38 billion, a news agency reported.
The trade deficit in 2021 stood at $69.56 billion as India's imports from China rose by 46.14 per cent to reach $97.59 billion.
India's exports to China rose by 34.28 per cent YoY to reach $28.03 billion in 2021.
According to the customs statistics, China's overall exports in 2022 rose by 7 per cent YoY and imports rose by 1.1 per cent YoY, while China's trade surplus last year stood at $877.6 billion.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
