India's exports to China go up by over 53% in October to reach $1.24 billion; trade deficit still on rise

Beijing: India's exports to China registered a sharp increase of over 53 percent year-on-year to reach $1.24 billion in October, but the trade deficit continued to mount, according to data released by the customs.

The trade deficit for October stood at $3.86 billion.

Despite the strains in the bilateral ties, India-China trade increased by 13.56 per cent year-on-year to reach $6.33 billion in October.

Representational image. AFP

Representational image. AFP

Significantly, India's exports to China increased by 53.04 percent year-on-year to reach $1.24 billion though the trade deficit continued to grow. The Indian exports to China around the same time last year was $0.81 billion, data showed.

China’s exports to India also continued to grow registering an year-on-year growth of 6.87 percent to reach $5.09 billion.

The Indian exports were boosted by natural pearls, precious stones and precious metals, organic chemicals, copper and articles, cotton, including yarn and woven fabric, ores, slag and ash.

Since this year, India’s exports which were on the decline for a number of years started showing increase.

In the first seven months, the exports registered 40.69 percent year-on-year to reach $10.60 billion.

However, the trade deficit expanded to $44.51 billion in the first seven months despite surge in Indian exports as imports from China continued to increase.

Last year, the trade deficit climbed to $52 billion in little over $70 billion trade.

India has been pressing China to open up its pharmaceutical and IT software sectors to expand the base of Indian exports.


Updated Date: Dec 17, 2017 16:48 PM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See



viralnova.com, theblaze.com, telegraaf.nl, tabnak.ir, prothom-alo.com, smh.com.au, tutorialspoint.com, fandango.com, littlethings.com, almasryalyoum.com,