India Trade Deficit With China Exceeds $100 Billion

India's trade deficit with China reached $105.93 billion during the first three quarters of 2026. According to data from the General Administration of Customs of the People's Republic of China, two-way trade between the nations rose 25.4% to $144.45 billion between January and September. Indian imports from China grew 23.3% to $125.19 billion, while Indian exports to China increased 40.7% to $19.26 billion, led by printed circuit boards, naphtha, and seafood.

Narendra Modi, the Prime Minister of India, met with President Xi Jinping during a recent BRICS summit to address the structural trade imbalance, market access, and supply chain issues. Indian officials highlighted a continued reliance on Chinese machinery and finished electronics, as well as concerns regarding Chinese export controls on rare earths and fertilizers.

The Ministry of External Affairs of India called for more predictable market access and the promotion of business linkages. In response, the Ministry of Foreign Affairs of the People's Republic of China stated that both nations should address these trade concerns in a balanced manner.