Total bilateral trade rose to $103.63 billion during the military confrontation in East Ladakh, up 14.6% from the same period last year.
According to the China Customs Administration (GAC), exports from China to India rose 31% to US$89.66 billion.
However, India recorded a 36.4% loss of its exports to US$13.97 billion in the previous nine months.
The overall trade deficit increased as a result, reaching approximately $75.69 billion.
In a year when relations between the two countries hit a new low due to the military standoff in East Ladakh, bilateral trade between the two countries hit a record high of over $125 billion last year, breaking the threshold of 100 billion US dollars.
China’s exports to India grew 46.2% to $97.52 billion last year, while India’s exports to China rose 34.2% to $28.14 billion.
In 2021, India’s total trade deficit was US$69.38 billion.
