Beijing: Trade between India and China to reach an all-time high of $135.98 billion in 2022. With this, India’s trade deficit with China crossed $100 billion.

India-China trade is set to grow by 8.4 per cent to USD 135.98 billion in 2022, according to data released by the Chinese Customs Department on Friday. Last year this figure was 125 billion dollars.

China’s exports to India increased by 21.7 percent year-on-year to US $ 118.5 billion.

On the other hand, in 2022, exports from India to China declined by 37.9 percent year-on-year to US $ 17.48 billion. Last year it was $28.1 billion.

Due to this, the trade deficit for India was $ 101.02 billion and it crossed the 2021 figure of $ 69.38 billion.

The trade deficit has crossed $100 billion for the first time and India has been continuously expressing serious concern over it.

Just in: China Customs data showed India’s total trade and imports from China reached record levels in 2022.

Trade ⬆️ to $135.98 billion, from $125.6 billion in 2021

India’s imports ⬆️to $118.5 billion, from $97.5 billion

India’s exports ⬇️to $17.48 billion, from $28.1 billion

— Ananth Krishnan (@ananthkrishnan) January 13, 2023

Earlier in 2021, India’s trade with China stood at $ 125.62 billion with an increase of 43.32 percent on an annual basis. That year, trade between the two countries crossed $100 billion for the first time. The trade deficit that year stood at $69.56 billion, when imports from China to India increased by 46.14 percent to reach $97.59 billion.

India’s exports to China increased by 34.28 percent on an annual basis in 2021 to $ 28.03 billion.

Significantly, despite the tension on the border between the two countries, bilateral trade is continuously increasing. The two countries had skirmishes in eastern Ladakh in May 2020, in Tawang in December 2022 in the eastern sector of the LAC another scuffle information was received.

Whereas, External Affairs Minister Jaishankar had recently told Parliament that India’s relations with Chinacan’t be normalUnless Beijing tries to ‘unilaterally change’ the Line of Actual Control (LAC) and increase troop deployment along the border.

On business posted on the website of the Embassy of India in Beijing a brief description According to, ‘The rapid expansion of India-China bilateral trade since the beginning of this century has propelled China to become India’s largest goods trade partner by 2008.’

It said, ‘Since the beginning of the last decade, a sharp increase was registered in bilateral trade between the two countries. From 2015 to 2021, India-China bilateral trade increased by 75.30 percent, which is an average annual growth of 12.55 percent.

(With inputs from news agency Bhasha)

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