India-China bilateral trade crosses $ 100 billion in Jan-Sept period: Report

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By  India Blooms News Service   Oct 27, 2022

India-China bilateral trade has crossed $ 100 billion for the second year in the first nine months of 2022 while India's trade deficit widened to more than $ 75 billion, media reports said citing data released by Chinas General Administration of Customs (GAC).

The total bilateral trade rose to $ 103.63 billion, a 14.6 percent increase against last year during the same period.

The data released by Chinas General Administration of Customs (GAC) showed exports to India grew to $ 89.66 billion, up 31 percent, while Indias exports in the past nine months stood at $ 13.97 billion, sliding 36.4 percent, a report in the media said.

Last year, India-China bilateral trade jumped to a record high level of over $ 125 billion crossing the $ 100 billion in a year.

Chinas exports to India have been rising steadily despite the strain in relations due to a military standoff following Chinese aggression in eastern Ladakh.