• About   |
  • Write For Us   |
  • Contact Us   |
  • हिंदी
Monday, January 30, 2023
  • Login
  • Register
No Result
View All Result
The Second Angle
Advertise
  • Infotainment
    • Sports
  • Entertainment
    • Lifestyle
      • Home & Decoration
  • People
    • Inspiring
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
  • World
The Second Angle
  • Infotainment
  • Entertainment
  • People
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
  • World
Advertisement
ADVERTISEMENT
Home World News

India’s imports from China surge to record high in first nine months of year

TSA Desk by TSA Desk
October 26, 2022
in World News
Reading Time: 1 min read
A A
Share on FacebookShare on WhatsApp
Advertisement Advertisement Advertisement
ADVERTISEMENT


India’s imports from China have risen 31% for the nine months ended September, propelling two-way trade past $100 billion and the trade deficit to a record high.

India imported $89.66 billion worth of goods from China in the period, the highest on record for three quarters in any year. Imports stood at $68.46 billion at the end of Q3 of 2021, which was itself a record high.

India’s exports to China in the first nine months of this year were, however, down by as much as 36.4% at $13.97 billion, data from China’s General Administration of Customs (GAC) showed. The trade deficit in the period grew to $75.69 billion.

Bilateral trade is on track to surpass last year’s record figure, but so is the deficit. In 2021, trade crossed $100 billion for the first time, reaching $125.6 billion. India’s imports accounted for bulk of the trade, reaching a record high of $97.5 billion, which is almost certainly set to be exceeded this year.

The rising trade volume this year underlines India’s continued demand for Chinese machinery and intermediate goods, such as active pharmaceutical ingredients (APIs), despite long-running efforts to reduce reliance on China. While the fall in Indian exports, the reliance on Chinese goods in some sectors, and the widening imbalance are concerns, Indian officials say the growing imports also reflect rising demand for intermediates, which is a positive.

The growth in exports to India was among the highest for China’s major trading partners. ASEAN remains China’s biggest trading partner, with two-way trade reaching $717 billion after Q3, up 13.8%; followed by the European Union ($645 billion, up 7.9%,), and the United States ($580 billion, up 6.9%).



Source

RelatedPosts

Putin threatened to lob missile at me, says Boris Johnson

Imran Khan to contest all 33 parliamentary seats in upcoming Pak bypolls

ShareSendTweet
TSA Desk

TSA Desk

Related Posts

World News

Putin threatened to lob missile at me, says Boris Johnson

Former British Prime Minister Boris Johnson. File. | Photo Credit: Reuters President Vladimir Putin threatened to personally target Boris Johnson...

Read more
World News

Imran Khan to contest all 33 parliamentary seats in upcoming Pak bypolls

Pakistan's ousted prime minister Imran Khan will contest all 33 parliamentary seats in the bypolls to be held in March,...

Read more
World News

Russian polar research vessel docks in Cape Town amid protests

A general view of the Russian polar explorer ship Akademik Aleksandr Karpinskiy that is docked in Cape Town Harbour, in...

Read more
World News

Israeli police seal off home of Jerusalem synagogue attacker

Israeli soldiers arrive to the family home of Khayri Alqam, the gunman who killed seven people in an attack on...

Read more
World News

Pompeo criticises ex-Afghan President Ashraf Ghani in his book, calls him ‘a total fraud’ who hampered peace talks with Taliban

Ashraf Ghani, the former Afghanistan President who fled the country when the Taliban seized power in Kabul, was “a total...

Read more
World News

India looking for solutions for many other countries: U.N. General Assembly President

Describing India as “one of the leaders of the Global South”, U.N. General Assembly President Csaba Korosi has said there...

Read more
Load More
Next Post

BJP seeks Central forces for bypoll

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter Instagram Telegram

About

The Second Angle

A platform providing diverse views on various issues, providing an in-depth understanding of important developments happening around us. It offers you true journalism amidst the cacophony. Discover the latest news, opinions, analysis and a lot more here.

Important Links

  • About
  • Career
  • Write for us | The Second Angle
  • Support Us
  • Privacy Policy
  • Terms
  • Contact Us
  • Newsletter
  • हिंदी

Subscribe to Our Newsletter

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

© 2017-22. The Second Angle. All Rights Reserved. Developed and Maintenance by SquareBase.io

No Result
View All Result
  • Infotainment
    • Sports
  • Entertainment
    • Lifestyle
      • Home & Decoration
  • People
    • Inspiring
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
  • World
  • Login
  • Sign Up

© 2017-22. The Second Angle. All Rights Reserved. Developed and Maintenance by SquareBase.io

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version