China''s trade growth with India exceeds its global trade growth

14 Feb 2006

At $18.71 billion, India-China bilateral trade during calendar year 2005 registered quantum growth of 37.64 per cent over $13.59 billion in 2004 — far closer to the target of $20 billion target the two countries had targeted reaching by 2008.

At 37.64 per cent the China''s growth in trade with india is far ahead of its global trade growth of 23.2 per cent in 2005.

Indian exports to China grew by 27.47 per cent to $9.78 billion in 2005, up from $7.67 billion n 2004, while Indian imports from China rose 50.82 per cent to $8.93 billion in 2005 from $5.92 billion in 2004.

Though trade between the two Asian giants has been growing, (in 2000, India-China trade was a mere $3 billion) India''s trade surplus with China in 2005 had dropped by more than half to $843.16 million from $1.74 billion in 2004.