Trade between China-India to surpass $13 billion in 2004

Trade between China-India to surpass $13 billion in 2004

The bilateral trade between China and India reached $12.2 billion during the first eleven months of last year with a rise of 82.7% compared to the same period of 2003, according to the latest Chinese customs figures. This figure was higher than the targeted $10 billion. Indian exports to China rose by 87.4% to $6.9 billion in the mentioned period. At the same time, Chinese exports to India reached $5.2 billion, revealing a rise of 76.6% from a year earlier. The total trade is expected to exceed $13 billion at the end of 2004. India is the eight-largest trading partner of China in Asia region. Japan continues to be China's largest trading partner with a total trade of $151.5 billion. South Korea is the third-largest trading partner with total trade of $81.4 billion.