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India-China Trade Balance (2025-26)
Comparison of merchandise exports and imports between India and China for the 2025-26 fiscal year.
Primary Sources
India urges balanced trade with China after Piyush Goyal meeting
India-China trade talks held after 4 years Business Apr 02, 2026 India is pushing for a more balanced trade relationship with China, Commerce Minister Piyush Goyal shared after meeting his Chinese counterpart at the World Trade Organisation (WTO) Ministerial in Yaounde. This was the first big sit-down between the two countries since 2019 and follows India's recent tweaks to investment rules, moves aimed at easing tensions after past border clashes. India imports $119.56B from China Trade between India and China is booming, but it's pretty one-sided: in the 2025-2026 financial year up to February 2026, India exported $17.5 billion to China but imported a massive $119.56 billion in return. Goyal says boosting exports like pharmaceuticals could help close this gap and build trust. On top of that, both countries have restarted direct flights, with India having started to issue visas to Chinese nationals, and more talks lined up as National Security Adviser Ajit Doval is expected to travel to China at some point this year.
Piyush Goyal meets with Chinese counterpart Wang Wentao to discuss ...
Union Commerce and Industry Minister Piyush Goyal met China's Commerce Minister Wang Wentao on the sidelines of the World Trade Organisation's 14th Ministerial Conference (MC14) to discuss ...
India, China discuss strengthening trade cooperation at WTO meeting
Union Commerce Minister Piyush Goyal met his Chinese counterpart Wang Wentao at the WTO's 14th Ministerial Conference. China expressed readiness to deepen trade cooperation with India to act as a 'ballast' for their bilateral relationship.
China-India Trade Talks at WTO: Wang Meets Goyal
China's Commerce Minister Wang Wentao meets India's Piyush Goyal at WTO, calls for deeper bilateral trade cooperation as a "ballast" in relations.
