Record surge in India’s imports from China in first half of 2022
According to China’s trade figures released on July 13 India’s imports from China reached a record $57.51 billion in the first half of the year.
India-China Bilateral Trade
Chinese goods imports are on record growth this year, and are set to surpass last year's $97.5 billion mark.
The trade imbalance is also heading towards another record. Imports this year are up 34.5% from the same period in 2021.
Two-way trade crossed 100 billion dollars for the first time in 2021 to reach 125.6 billion dollars, of which India's imports were 97.5 billion dollars.
Trade declined in 2020 due to the corona pandemic, but is now well above pre-pandemic levels.
China is the largest trading partner of India.
Major commodities imported from China into India
Electronic equipment, machines, engines, pumps, organic chemicals, fertilizers, iron and steel, plastics, iron or steel products, gems etc.
Major commodities exported from India to China
Cotton, gems, precious metals, coins. copper ores, slag, ash, organic chemicals, salt, sulphur, stone, cement, machines, engines etc.
Please Rate this article, so that we can improve the quality for you -