Does India have trade surplus with China?

Do any countries have a trade surplus with China?

In 2020, China was the country with the highest trade surplus with approximately 535.37 billion U.S. dollars. … The leading trade nations. Typically a trade surplus indicates a sign of economic success and a trade deficit indicates an economic weakness.

Does India run a trade surplus?

India’s forex reserves crossed $637 billion at the end of September. … The current account surplus stood at $6.5 billion in April-June quarter, data from the country’s central bank released earlier showed.

How much trade does India do with China?

India’s imports from China surged 51.7% to $68.4 billion, while India’s exports rose 42.5% to $21.9 billion. Two-way trade was substantially higher than pre-pandemic levels, with bilateral trade up 29.7% compared to the same period in 2019, with India’s imports up 21.5% and exports to China up 64.5%.

Is India dependent on China?

China forms an integral part of the global supply chain, and India too is heavily dependent on Chinese imports, ranging from a variety of raw materials to critical components. … China was India’s second-largest trading partner in 2019 and emerged as the largest trading partner in the first half of FY 20-21.

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Who is India’s largest trading partner?

NEW DELHI: The US has overtaken China as India’s largest trading partner, thanks to faster growth during the first nine months of 2021. Data collated by the commerce department showed that during January-September, two-way trade between India and the US jumped 50% to $28 billion.

What does China import from India?

India-China Trade – Latest year-on-year data (In $ million)

Top 10 items of imports from China April-August 2021
Electronics components $3,765 million
Computer hardware $2,944 million
Telecom instruments $2,402 million
Organic chemicals $2,232 million

What do India export the most?

List of exports 2012

# Product Value
1 Refined petroleum 52,905
2 Jewellery 17,814
3 Pharmaceuticals 10,886
4 Rice 6,109

Is India balance of trade favorable?

The trade balance is the value of goods exports minus the value of goods imported. A positive value indicates a trade surplus, a negative value a trade deficit.

India: Trade balance from 2010 to 2020 (in billion U.S. dollars)

Characteristic Trade balance in billion U.S. dollars

What does India import most from China?

In 2020, India imported goods worth $58.71 billion from China. This makes China India’s top import partner. Major Chinese imports included consumer electronics, telecom instruments, computer hardware and peripherals, electrical equipment, fertilisers and chemicals.

Which country India exports the most?

India exports approximately 7500 commodities to about 192 countries. The following table shows India’s 10 largest destinations for exports in 2019-2020.

Export partners.

Rank 1
Country United States
Value (US$ billion) 57.7
Share of overall exports 16.94%