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Economy 1 min read

India's trade deficit with China crosses US$105.93 billion in January-September 2026

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India's trade gap with China went past US$105.93 billion in the first nine months of 2026 (January-September), even though Indian shipments to China grew by 40.7%. Two-way trade expanded 25.4% to US$144.45 billion. Exports to China stood at US$19.26 billion, while imports climbed 23.3% to US$125.19 billion. Seafood, naphtha and printed circuit boards are among India's leading exports to China. Beijing's export curbs on items such as fertilisers and rare earths have added to India's worries. For the full year 2025, the deficit with China had been US$116.12 billion.