- News>
- World
India-China bilateral trade registers new record
Beijing, Nov 26: India-China bilateral trade has crossed the USD five-billion mark for the first time in history with Indian exports growing by 85.3 per cent during the first nine months of the year, latest Chinese customs statistics show.
Beijing, Nov 26: India-China bilateral trade has
crossed the USD five-billion mark for the first time in
history with Indian exports growing by 85.3 per cent during
the first nine months of the year, latest Chinese customs
statistics show.
Bilateral trade during January-September this year
touched USD 5.33 billion, up 54.8 per cent compared to
the same period last year when total trade was USD 3.44 billion.
India's exports to China during the first three quarters of this year touched USD 2.95 billion, up 85.3 per cent compared to USD 1.59 billion during the corresponding period in 2002.
In September alone, India exported goods worth USD 334 million to China, up 65.3 per cent over the same period in 2002.
China's exports to India also witnessed a growth of 28.4 per cent during the period when the communist giant shipped goods worth USD 2.37 billion compared to USD 1.84 billion during the first nine months of 2002.
India, thus had a favourable trade balance of USD 584 million in the first three quarters compared to USD 452 million in the negative during the same period last year.
However, the composition of the Indian export basket to china has not seen any substantial change and they comprise of iron and steel, ores, plastics, organic chemicals, cotton, mineral fuels, hides and skins and machinery.
Bureau Report
India's exports to China during the first three quarters of this year touched USD 2.95 billion, up 85.3 per cent compared to USD 1.59 billion during the corresponding period in 2002.
In September alone, India exported goods worth USD 334 million to China, up 65.3 per cent over the same period in 2002.
China's exports to India also witnessed a growth of 28.4 per cent during the period when the communist giant shipped goods worth USD 2.37 billion compared to USD 1.84 billion during the first nine months of 2002.
India, thus had a favourable trade balance of USD 584 million in the first three quarters compared to USD 452 million in the negative during the same period last year.
However, the composition of the Indian export basket to china has not seen any substantial change and they comprise of iron and steel, ores, plastics, organic chemicals, cotton, mineral fuels, hides and skins and machinery.
Bureau Report