Indias imports from Chinareached a record $57.51 billion in the first half of the year, according to Chinas trade figures released on July 13.<\/p>\n
Imports of Chinese goods are on track for yet another record year, and set to surpass last years $97.5 billion figure.<\/p>\n
The trade imbalance is also on track for another record, with Indias exports to China down by 35% and accounting for only $9.57 billion of the $67.08 billion two-way trade. Imports this year are up 34.5% from the same period in 2021.<\/p>\n
Two-way trade in 2021 crossed $100 billion for the first time, reaching $125.6 billion, with Indias imports accounting for $97.5 billion. Trade declined in 2020 on account of the pandemic but is now significantly up pre-pandemic levels.<\/p>\n
Chinas overall export performance in June showed a recovery, up 13.2%, with total trade up 14.3% in June, compared to 9.5% in May 0.1% in April when many cities in the manufacturing heartland, including Chinas financial centre Shanghai, were dealing with stringent lockdowns.<\/p>\n","protected":false},"excerpt":{"rendered":"