Imports to India from China reached nearly $100 billion for the first time in calendar year 2021, as the import of electrical and electronic goods, particularly smartphones, as well as machinery, fertilisers and specialty chemicals, including active pharmaceutical ingredients (APIs), witnessed a massive surge.
According to the latest figures published by China’s General Administration of Customs of the People’s Republic of China (GACC), exports to India reached $97.52 billion in 2021, while total two-way bilateral trade touched $125.66 billion.
According to the GACC, the biggest jump has been witnessed in the shipment of electric and electronic goods, including smartphones and storage units; a wide range of industrial goods, including telecom equipment, auto components, and machine tools; and specialty chemicals, including APIs and fertilisers such as urea, ammonia sulphate and other varieties.