In 2021, the trade value between India and China was estimated to be over 125 billion dollars. India imported 100 billion dollars from China.
Highlights:
The majority of the import requests were for machinery. In 2021, India’s with China was 69.4 billion dollars.
This represents a 22 percent increase over the trade deficit in 2019. In 2021, overall imports from China outstripped total trade between the two countries.
India’s imports from China increased by 20% in 2019 compared to the previous year. On either hand, India’s exports to China surged by 56% between 2019 and 2021.In 2021, India’s exports to China totaled USD 28.1 billion. Nonetheless, India imports 100 billion dollars from China.