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India's trade deficit with China is expected to reach USD 106 billion in 2025 as imports are rising faster than the country's exports to the neighbouring country, think tank GTRI said on Friday. It said that the country's exports to China fell from USD 23 billion in 2021 to USD 15.2 billion in 2022, stayed low at USD 14.5 billion in 2023, and then edged up to USD 15.1 billion in 2024. In 2025, exports are estimated to improve to USD 17.5 billion, still well below earlier levels, the Global Trade Research Initiative (GTRI) said in its report. On the other hand, imports from the neighbouring country have climbed much faster - from USD 87.7 billion in 2021 to USD 102.6 billion in 2022, USD 91.8 billion in 2023 and USD 109.6 billion in 2024. This calendar year, the country's inbound shipments are estimated at USD 123.5 billion. "This has pushed India's trade deficit (difference between imports and exports) with China from USD 64.7 billion in 2021 to USD 94.5 billion in 2024, and an ..
China's exports returned to growth in November following an unexpected contraction the month before, although shipments to the United States dropped nearly 29% from a year earlier in an eighth straight month of double-digit declines. Overall exports from China were 5.9% higher than last year in November in dollar terms, customs data released on Monday showed, at $330.3 billion, better than economists' estimates. That was an improvement from a 1.1% contraction in October. While exports from China to the US have fallen for most of the year, shipments have surged to other destinations, including Southeast Asia, Africa and Latin America. China's imports increased 1.9% in November, better than October's 1% growth, even though a persistent downturn in the property sector is still weighing on consumer spending and business investment. A year-long trade truce between China and the US was reached at a meeting between US President Donald Trump and Chinese leader Xi Jinping in late October in
China's exports grew last month but at a slower pace than in recent months, the country's customs agency said Monday. Exports reached $321.8 billion in August, a 4.4% increase compared to the same month last year. That was down from a 7.2% jump in July. Meanwhile, imports totalled $219.5 billion, a 1.8% rise. China's large trade surplus has become a contentious issue with major trading partners including the US and the European Union. Low-priced Chinese imports are a boon for consumers but can lead to job cuts in manufacturing. In the first eight months of the year, China's exported $785.3 billion more in goods and services than it imported from other countries, the monthly customs data showed. President Donald Trump has imposed 30% in additional tariffs on imports from China since taking office early this year. He backed down from even higher tariffs after China retaliated with import taxes of its own. The two countries are in talks to try to reach a trade agreement. The tariffs