Record surge in India’s imports from China in first half of 2022
2 years, 5 months ago

Record surge in India’s imports from China in first half of 2022

The Hindu  

India’s imports from China reached a record $57.51 billion in the first half of the year, according to China’s trade figures released on July 13. Imports of Chinese goods are on track for yet another record year, and set to surpass last year’s $97.5 billion figure. The trade imbalance is also on track for another record, with India’s exports to China down by 35% and accounting for only $9.57 billion of the $67.08 billion two-way trade. Two-way trade in 2021 crossed $100 billion for the first time, reaching $125.6 billion, with India’s imports accounting for $97.5 billion.

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