India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion

India’s bilateral trade with China reached a record $135.98 billion in 2022, Chinese Customs data showed on January 13, 2023, driven by surging Indian imports of Chinese goods that were up by more than 21% last year.

India’s exports to China, however, fell in 2022, driving an already significant trade deficit beyond the $100 billion-mark for the first time.

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