India’s trade with China crosses $125 billion, imports near $100 billion
The Hindu
Data show continued demand for a range of Chinese goods, particularly machinery
India’s trade with China in 2021 crossed $125 billion with imports from China nearing a record $100 billion, underlining continued demand for a range of Chinese goods, particularly machinery.
In the past 12 months, data from China’s General Administration of Customs released on January 14 showed, the value of goods imported by India from China exceeded the total bilateral trade in 2019. Trade fell from $92.8 billion in 2019 to $87.6 billion in 2020 on account of the pandemic.
Trade has boomed in 2021 thanks to a recovery in demand as well as rising imports of new categories of goods such as medical supplies. Bilateral trade reached $125.6 billion in 2021, with India’s imports from China accounting for $97.5 billion.
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