India-China conflict: Trade ties between 2 countries explained in 5 charts
China is India's biggest trading partner, with trade balance heavily skewed in favour of the Chinese.
June 17, 2020 / 03:01 PM IST
(Representative Image: PTI)
India’s ties with China have been testy at best but the two Asian economies managed to set aside differences in favour of a trade relationship. The relationship is likely to come under strain after a bloody clash in Ladakh’s Galwan valley on June 15 left 20 Indian soldiers dead, the heaviest toll in a clash with Chinese troops since 1975.
China is India’s biggest trading partner, with bilateral trade amounting to $103.5 billion in the April 2019-February 2020 period.
The neighbouring country accounts for 18 percent of India’s imports and 9 percent exports.
Electrical machinery, nuclear reactors and organic chemicals were the biggest buys from China in FY19.
In FY19, organic chemicals, mineral fuels and cotton dominated India's exports to China.