Sea Air Freight Shipping From China To India
Trade between India And China
Trade between India and China last year declined to the lowest level since 2017. India’s trade imbalance has declined by a five-year low as imports from China have fallen sharply.
Trade between the two countries hit $86.7 billion in 2020, a 5.6% decrease, according to new figures released by China’s General Administration of Customs. Imports from China to India accounted for $66.7 billion, a decline of 10.8% year-on-year and the lowest in more than two years.
Indian exports to China, on the other hand, grew to an all-time high. For the first time surpassing the $20 billion thresholds and growing 16% last year to $20.86 billion.
India and China’s trade deficit dropped to a five-year low of $45.8 billion, the lowest level since 2015.