DelhiDesk India’s imports of Chinese goods have continued to rise in 2023, increasing by 4.6% to $37.86bn in the first four months of the year, according to data from China’s General Administration of Customs. Bilateral trade with China is set to reach a record $135.98bn in 2022, with the trade deficit crossing $100bn for the first time last year. Analysts have said the rise in imports of Chinese goods highlights the growing demand for intermediate goods for Indian industry. However, trade with the US and European Union has declined, with both regions focusing on a need to de-risk supply chains away from China.
Follow DelhiBreakings on Google News
Here is the news bullets sorted by DelhiBreakings.com team.
– India’s imports of Chinese goods continue to rise in 2023
– Imports have increased by 4.6 percent to $37.86 billion in the first 4 months of the year
– Two-way trade in April grew 4.5 percent to $44.34 billion
– India’s exports to China also grew by 3.7 percent, but still a small part of two-way trade
– Bilateral trade with China set to reach a record $135.98 billion in 2022, driving a 21 percent increase in imports into India
– Steady rise in imports of Chinese goods highlights the rise in demand for essential intermediate goods for Indian industry
– China’s trade with ASEAN grew by 5.6 percent to $304.63 billion in the first 4 months of the year
– Trade with the EU declined by 3.5 percent to $262.53 billion and with the US declined by 11.2 percent to $217.92 billion.
For superfast news and Delhi Breaking Stories visti us daily at https://delhibreakings.com
Something went wrong. Please refresh the page and/or try again.