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India-China Trade in 2021
January 21 , 2022
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- The trade between India and China was around 125 billion USD in 2021.
- India’s imports from China stood at 100 billion USD.
- Most of the import demands were in machinery.
- India faced a trade deficit of 69.4 billion USD with China in 2021.
- This was 22% higher than the trade deficit faced in 2019.
- In 2021 alone, the total imported goods from China exceeded the total trade between the countries.
- In 2021, the major Indian exports to China were cotton, iron ore, and raw material-based goods.
- Electrical machinery, mechanical machinery, medical supplies such as oxygen concentrators, active pharmaceutical ingredients, semiconductor devices, electrical batteries.
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