India
India-China trade deficit crosses $105.93 billion
The Hindu··3d ago
China’s customs data show India’s trade deficit with China at $105.93 billion from January to September 2026. Two-way trade rose 25.4 percent to $144.45 billion. Indian imports rose 23.3 percent to $125.19 billion. Exports to China grew 40.7 percent to $19.26 billion, matching last year’s total. The imbalance featured in last month’s Modi-Xi BRICS talks.
Prism
What It Means For You
- The $105.93 billion deficit is on track to surpass 2025’s record $116.12 billion figure.
- Indian officials cite limited market access and heavy reliance on Chinese intermediates and finished goods.
- Major Indian exports this year included seafood, naphtha and printed circuit boards.
What's Happening
- China’s General Administration of Customs released the January-September trade figures on Wednesday.
- Exports to China rose 40.7 percent to $19.26 billion after the first three quarters.
- Imports from China rose 23.3 percent to $125.19 billion over the same period.
What Officials Said About Imbalance
- An MEA statement said Modi and Xi underlined the need to address structural trade imbalance and supply-chain issues.
- China’s Foreign Ministry said both sides said they would address economic concerns in a balanced way.
- India has also flagged Chinese export controls on fertilisers and rare earths.
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