Bilateral trade between China-India rose by 62.7% in the first half of 2021

The Bilateral trade between China-India in the first half of 2021 rose by a record 62.7%, the highest increase among China’s major trade partners with total two-way trade surpassing the pre-pandemic levels.

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Though Indian exports to China picked up with 69.6 per cent year on year increase, the trade deficit, a structural problem for India for long, climbed to 55.6 per cent.

According to data released by China’s Customs, India’s exports to China reached USD 14.724 billion, up 69.6 per cent year on year in the first six months and India’s imports from China amounted to USD 42.755 billion, up 60.4 per cent.

China’s overall trade in the first half of the year rose by 27.1 per cent year on year to 18.07 trillion yuan (about USD 2.79 trillion) in the first six months.