India shares a long history with China. Since the 4th century, Chinese pilgrims have been visiting Indian temples via the Silk road to learn Buddhism. Today, the trade relations between India and China are regulated by the India China JBC, whose work is to ensure a free exchange of products and services between the two countries. Since the countries signed their trade agreement in the year 1984, India has been an important trade partner of China. in 2016, the bilateral trade between the two countries was valued at $67.8 billion (approx.). Despite border issues and heavy competition, the trade between the two countries has flourished over the years.
The bilateral trade between India and China is led by imports to India, leading to a trade deficit of 37.5 billion in the Apr-Sept 2017 period. The top imports from China are electronic equipment, machinery, organic chemicals, and plastics. India exports cotton, ores, organic chemicals, mineral fuels (inc. oil), and copper to China.
It may also interest you to know that Maersk and Wan Hai are the major shipping lines facilitating end-to-end logistics services for imports from China to India. Considering the ever-growing future of maritime trade, we are sure to witness a further boost in the trade between India and China.
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With our systems and processes working ceaselessly behind the scenes coupled with best-in-class offline support and services we are truly simplifying freight.