BEIJING: India and China bilateral trade continued to boom, crossing $100 billion for the second year in the first nine months of 2022 while India's trade deficit climbed to over $ 75 billion, according to trade data released by Chinese customs.
The total bilateral trade, amidst the military standoff in eastern Ladakh, went up to 103.63 billion, registering a 14.6 per cent increase compared to last year during the same period.
China's exports to India climbed to 89.66 billion, registering an increase of 31 per cent, data released by China's General Administration of Customs (GAC) said.
However, India's exports in the past nine months stood at $13.97 billion, registering a decline of 36.4 per cent.
As a result, the total trade deficit went up to over $75.69 billion.
Last year, the India-China bilateral trade hit a record high of over $125 billion crossing the $100 billion mark in a year when the relations touched a new low due to the standoff by the militaries in eastern Ladakh.
Last year, China's exports to India went up by 46.2 per cent to $97.52 billion while India's exports to China grew by 34.2 per cent to $28.14 billion.
The trade deficit for India stood at $69.38 billion in 2021.
