<p>The India-China trade volume looks set to cross the record figure of $100 billion this year as the total has already touched $90 billion in the first nine months, despite a chill in bilateral relations due to the continuing military standoff between the two countries in eastern Ladakh.</p>.<p>China's total imports and exports expanded 22.7 per cent year on year to 28.33 trillion yuan (about $4.38 trillion) in the first three quarters of 2021, official data showed on Wednesday.</p>.<p>The figure marked an increase of 23.4 per cent from the pre-epidemic level in 2019, according to the General Administration of Customs.</p>.<p>The bilateral trade between India and China totalled to $90.37 billion by the end of September, an increase of 49.3 per cent year-on-year (YoY), according to the nine-month data released by the Chinese customs.</p>.<p>China's exports to India went up to $68.46 billion up 51.7 per cent YoY, apparently aided by massive imports of urgent supplies, like oxygen concentrators, when India was in the grip of the second wave of the Covid-19 pandemic in April and May this year.</p>.<p>The Indian exports totalled to $21.91 billion, registering a noteworthy increase of 42.5 per cent.</p>.<p>However, from India's point of view the trade deficit, which remained a concern over the years, reached $46.55 billion and is expected to climb further by the year-end.</p>.<p>Observers say with three months still remaining, the target of $100 billion trade previously set by both the countries was expected to be reached this year despite the eastern Ladakh impasse. </p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>The India-China trade volume looks set to cross the record figure of $100 billion this year as the total has already touched $90 billion in the first nine months, despite a chill in bilateral relations due to the continuing military standoff between the two countries in eastern Ladakh.</p>.<p>China's total imports and exports expanded 22.7 per cent year on year to 28.33 trillion yuan (about $4.38 trillion) in the first three quarters of 2021, official data showed on Wednesday.</p>.<p>The figure marked an increase of 23.4 per cent from the pre-epidemic level in 2019, according to the General Administration of Customs.</p>.<p>The bilateral trade between India and China totalled to $90.37 billion by the end of September, an increase of 49.3 per cent year-on-year (YoY), according to the nine-month data released by the Chinese customs.</p>.<p>China's exports to India went up to $68.46 billion up 51.7 per cent YoY, apparently aided by massive imports of urgent supplies, like oxygen concentrators, when India was in the grip of the second wave of the Covid-19 pandemic in April and May this year.</p>.<p>The Indian exports totalled to $21.91 billion, registering a noteworthy increase of 42.5 per cent.</p>.<p>However, from India's point of view the trade deficit, which remained a concern over the years, reached $46.55 billion and is expected to climb further by the year-end.</p>.<p>Observers say with three months still remaining, the target of $100 billion trade previously set by both the countries was expected to be reached this year despite the eastern Ladakh impasse. </p>.<p><strong>Check out DH's latest videos:</strong></p>