Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India-China trade on course to touch record $100 billion-mark.


Date: 14-10-2021
Subject: India-China trade on course to touch record $100 billion-mark
BEIJING: The India-China trade volume looks set to cross the record figure of $100 billion this year as the total has already touched $90 billion in the first nine months, despite a chill in bilateral relations due to the continuing military standoff between the two countries in eastern Ladakh. 

China's total imports and exports expanded 22.7 per cent year on year to 28.33 trillion yuan (about $4.38 trillion) in the first three quarters of 2021, official data showed on Wednesday. 

The figure marked an increase of 23.4 per cent from the pre-epidemic level in 2019, according to the General Administration of Customs. 

The bilateral trade between India and China totalled to $90.37 billion by the end of September, an increase of 49.3 per cent year-on-year (YoY), according to the nine-month data released by the Chinese customs. 

China's exports to India went up to $68.46 billion up 51.7 per cent YoY, apparently aided by massive imports of urgent supplies, like oxygen concentrators, when India was in the grip of the second wave of the Covid-19 pandemic in April and May this year. 

The Indian exports totalled to $21.91 billion, registering a noteworthy increase of 42.5 per cent. 

However, from India's point of view the trade deficit, which remained a concern over the years, reached $46.55 billion and is expected to climb further by the year-end. 

Observers say with three months still remaining, the target of $100 billion trade previously set by both the countries was expected to be reached this year despite the eastern Ladakh impasse. 

Source:thetimesofindia.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-11-2021
Notification No.92/2021 - Customs (N.T.)
Exchange rates Notification No.92/2021-Cus (NT) dated 18.11.2021

Date: 03-11-2021
Notification No.90 /2021 - Customs (N.T.)
Exchange rates Notification No.90/2021-Cus (NT) dated 03.11.2021

Date: 03-11-2021
Notification No.52 /2021-Customs
Seeks to amend Notification No. 18/2019-Customs reducing Road and Infratructure Cess (RIC) on Petrol and Diesel.

Date: 29-10-2021
Notification No.88/2021 - Customs (N.T.)
Exchange rates Notification No.88/2021-Cus (NT) dated 29.10.2021

Date: 29-10-2021
Notification No. 87/2021-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 27-10-2021
Notification No. 85/2021-Customs (N.T.)
Courier Imports and Exports (Electronic Declaration and Processing ), Amendment, Regulations, 2021

Date: 27-10-2021
Notification No. 86/2021-Customs (N.T.)
Courier Imports and Exports (Clearance), Amendment, Regulations, 2021

Date: 27-10-2021
Notification No. 83/2021-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidised Articles and for Determination of Injury) Rules, 1995 to introduce Anti-Absorption provisions in these rules.

Date: 27-10-2021
Notification No. 84/2021-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 to introduce the Anti-Absorption provisions and make certain other miscellaneous changes.

Date: 22-10-2021
Notification No. 50/2021-Customs
Seeks to amend notification No. 96/2008- Customs dated 13.08.2008 to include Sierra Leone



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001