India’s trade deficit with China crossed $100 billion mark for the first time in 2022, while overall trade touched an all-time high at $135.98 billion, recording a surge of 8.4% as compared with the previous year, according to the annual Chinese customs data. 

• Trade deficit for India stood at $101.02 billion, crossing the 2021 figure of $69.38 billion.
• China’s exports to India rose 21.7% on a year-on-year (YoY)  basis to $118.5 billion. During 2022, China’s imports from India fell to $17.48 billion, witnessing a YoY fall of 37.9%, data revealed.