- According to statistics released by the General Administration of Customs (GAC), bilateral trade between India and China crossed 125 billion USD in 2021.
- Despite a protracted border standoff, Two-way trade between India and China in 2021 stood at 125.66 billion USD, up 43.3% from 2020 when bilateral trade was worth 87.6 billion USD. In 2021, China’s exports to India were 97.52 billion USD, up 46.2%, while China imported 28.14 billion USD worth of goods from India, up 34.2%.
- Trade deficit between the two countries remained in favour of China – at $69 billion. Trade between China and the US soared by 28.7% and amounted to $755.6 billion in 2021.
- The US maintained its place as China’s third-largest trade partner following ASEAN and the European Union.
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