Exports to China were only 110 billion while imports from China were 3936 billion. That means Indias trade deficit with China is wide as India is heavily dependent on Chinese goods.
Exports to India in China increased to 7722300 USD THO in December from 7133100 USD THO in November of 2020.
India china trade deficit chart. Thats 18 less than 2019s 3452 billion deficit. According to data available from the April-October 2018 period Indias merchandise trade deficit with China narrowed to 333 billion from 368 billion in the same period last year. Indias trade deficit with China is estimated to have narrowed to 487 billion during the last financial year the lowest in five years compared with 536 billion a year ago.
Indias imports from China totalled USD 68402 million in 2019 while Indias exports to China totalled 17278 million. The US-China trade tension leaves trade deficit remains virtually same as 2018 USD195bn as imports from the US were down much sharper than Chinas exports to the US. Merchandise trade is a key indicator of the development of the economy.
PTI April 07 2019 1030 IST. India trade balance for 2019 was -7807B a 2223 decline from 2018. India has maintained an overall trade deficit since 1990 and in the past decade the deficit has increased manifold.
This even as Indias overall trade deficit has increased to 1132 billion compared to 913 billion in the April-October period last year. According to the World Trade Organization Indias share export of merchandise goods in 2015. The decline in Indias imports from China in recent years may not imply an actual reduction in the sourcing of products from China since coinciding with this reduction imports from Hong Kong have seen a significant increase.
India trade balance for 2018 was -10038B a 1984 increase from 2017. Indias largest trade partners include US EU and China. According to the chamber Indias trade deficit with China also eased to 46 billion in April-January 2019 from 53 billion in the same period a year ago.
This page includes a chart with historical data for China Exports To India. India trade balance for 2016 was -4053B a 1611 decline from 2015. India trade balance for 2017 was -8376B a 10668 increase from 2016.
Indias trade deficit in goods narrowed to USD 1454 billion in January 2021 from USD 1530 billion in the same month last year and compared with preliminary estimates of a USD 1475 billion shortfall. Indias trade deficit with China increased more than two-fold 219 from 16 billion in 2007-08 to 51 billion in 2016-17 according to commerce ministry data. India cut its trade deficit with China by the most in more than a decade according to people familiar with the data as it boosted exports amid a US-China trade war.
In 2019-20 Indias imports from China accounted for 65 billion out of two-way trade of 82 billion and the country relies on China for crucial imports for many of its industries from auto. Figures from 2019 released by Chinas General Administration of Customs GAC on Tuesday put Indias trade deficit with China at 3917 billion yuan about 57 billion US. The deficit went up from less than a billion dollars in 2001 to a massive 63 billion in 2017-18.
According to Commerce ministry data the India-China bilateral trade touched 8444 billion in 2017 in which Indias deficit was 52 billion. Dollars while total bilateral trade was valued at 6395 billion yuan about 93 billion US. The 12-month trailing sum of the trade deficit narrowed to USD 1529 billion in March from USD 1541 billion in February.
The trade deficit exists because US. Exports to India in China averaged 553699996 USD THO from 2014 until 2020 reaching an all time high of 9616000 USD THO in February of 2020 and a record low of 2326991 USD THO in February of 2014. The accompanying chart shows how Indias trade deficit with China has gone up by leaps and bounds.
The trade deficit with China that year was a massive 63 billion nearly 40 of Indias overall trade deficit in goods. Indias imports 61 billion from China were six times its exports 10 billion in 2016-17 making rising trade imbalance a major concern. Trade deficit with China for 2020 was 2836 billion as of November of that year.
In FY18 exports to China had risen 31 per cent to 1333 billion while imports were up just 2464 per cent at 7638 billion which increased the trade deficit to a whopping 63 billion. India had a total export of 32229156843 in thousands of US and total imports of 61794560308 in thousands of US leading to a negative trade balance of -29565403465 in thousands of US The Effectively Applied Tariff Weighted Average customs duty for India is 488 and the Most Favored Nation MFN Weighted Average tariff is 6The trade growth is 087 compared to a world growth of. Exports were up 616 percent to USD 2745 billion boosted by sales of other cereals 34357 percent oil meals 25750 percent iron ore 10884 percent cereal preparations miscellaneous.
According to India import data India imported electronics machinery organic chemicals plastics and fertilisers. Our panelists forecast that exports and imports will expand 41 and 47 in FY 2020 respectively bringing the merchandise trade deficit to USD 1750 billion.