Sino-Indian trade jumps by 76.7 pc in January
Sunday, 17 February 2008
BEIJING, Feb 16 (PTI): Sino-Indian trade surged by 76.7 per cent to USD 4.64 billion in January, making India China's ninth largest trade partner, the Customs authorities said.
China is the second largest trading partner of India.
Buoyed by the soaring trade, India and China had, during Prime Minister Manmohan Singh's recent visit to Beijing, set a bilateral trade target of USD 60 billion by 2010, raising the earlier USD 40 billion mark.
Meanwhile, the Customs authorities said, China's total trade surplus in January rose by 22.6 per cent over the same period last year to USD 19.49 billion, but was down from USD 22.69 billion in December.
The European Union was China's largest trade partner in January, followed by the US and Japan.
Exports touched USD 109.66 billion, a 26.7 per cent year-on- year jump, the General Administration of Customs said.
Since May 2007, the trade surplus of China has been at least USD 20 billion a month.
Imports also rose 27.6 per cent to USD 90.17 billion.
China is the second largest trading partner of India.
Buoyed by the soaring trade, India and China had, during Prime Minister Manmohan Singh's recent visit to Beijing, set a bilateral trade target of USD 60 billion by 2010, raising the earlier USD 40 billion mark.
Meanwhile, the Customs authorities said, China's total trade surplus in January rose by 22.6 per cent over the same period last year to USD 19.49 billion, but was down from USD 22.69 billion in December.
The European Union was China's largest trade partner in January, followed by the US and Japan.
Exports touched USD 109.66 billion, a 26.7 per cent year-on- year jump, the General Administration of Customs said.
Since May 2007, the trade surplus of China has been at least USD 20 billion a month.
Imports also rose 27.6 per cent to USD 90.17 billion.