Exports to China rise 34%, in ‘21, commerce deficit widens: Commerce Ministry knowledge

Exports to China elevated about 34 per cent to $22.9 billion in 2021 from $17.1 billion in 2019, based on knowledge from the Commerce Ministry.
Imports, then again, rose 28 per cent to $87.5 billion in 2021 as towards $68.4 billion in 2019. According to the information, the commerce deficit has elevated to $64.5 billion final yr as in contrast with $51.2 billion in 2019.
Khalid Khan, vice-president of the Federation of Indian Export Organisations, stated the large export potential is there for Indian exporters in China.

“Our exporters are doing quite good in China. We can push our exports further,” Khan stated.
In 2021, the US has taken a high slot as India’s merchandise commerce associate with $112.3 billion. It was adopted by China ($110.4 billion), UAE (68.4 billion), Saudi Arabia ($35.6 billion), Switzerland ($30.8 billion), and Hong Kong ($29.5 billion). With PTI