India-China trade at $135.98 bn in 2022. Trade deficit crosses $100 bn mark

This is the first time the trade deficit has crossed the $100 billion mark

The trade between India and China touched an all-time high of $135.98 billion in 2022. However, New Delhi's trade deficit with Beijing also crossed, the $100 billion mark, according to data released by Chinese customs on Friday.

 

The total India-China trade for 2022 was 8.4 per cent higher than the $125 billion mark in 2021.