GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
LOK SABHA
UNSTARRED QUESTION NO. 2537
ANSWERED ON 16/12/2025
TRADE DEFICIT WITH CHINA
2537: SHRI V K SREEKANDAN:
Will the Minister of COMMERCE & INDUSTRY (वाणिज्य एवं उद्योग मंत्री)
be pleased to state:
(a) whether it is a fact that trade deficit with China widens despite exports surge to
China;
(b) whether it is also a...
GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE LOK SABHA UNSTARRED QUESTION NO. 2537 ANSWERED ON 16/12/2025 TRADE DEFICIT WITH CHINA 2537: SHRI V K SREEKANDAN:
Will the Minister of COMMERCE & INDUSTRY (वाणिज्य एवं उद्योग मंत्री)
be pleased to state:
(a) whether it is a fact that trade deficit with China widens despite exports surge to China;
(b) whether it is also a fact that exports to China grew by 25% during the April- October 2025 period;
(c) whether it is also true that India’s trade deficit with China continued to widen touching US $64 billion in the first seven months of the current financial year;
(d) whether it is also true that to address this issue the Government has formed an Inter- Ministerial Panel for Import Surge Monitoring; and
(e) if so, the details thereof including the composition and the action taken by the panel in this regard so far? ANSWER वाणिज्य एवं उद्योग मंत्रालय में राज्यमंत्री (श्री णिणिन प्रसाद) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JITIN PRASADA)
(a) to (c): India’s trade deficit with China has increased from USD 58.09 billion in Apr- Oct, 2024 to USD 63.97 billion in Apr-Oct, 2025, a rise of 10.1%. However, the deficit is mainly due to imports of raw materials, intermediate goods and capital goods, like auto components, electronic parts and assemblies, mobile phone parts, machinery and its parts, Active Pharmaceutical Ingredients, etc. which are used for making finished products which are also exported out of India. India’s export to China has also increased from USD 8.04 billion in Apr-Oct, 2024 to USD 10.02 billion in Apr-Oct, 2025, a rise of
24.7%.
(d) & (e): An Inter-Ministerial Committee (IMC) has been constituted to consider the trends with respect to imports and exports and recommend corrective action wherever required. The composition of the IMC includes representatives from Department of Commerce, Department of Revenue, Department for Promotion of Industry and Internal Trade, Directorate General of Foreign Trade and Directorate General of Commercial Intelligence and Statistics. The IMC monitors exports and imports regularly and takes corrective measures in consultation with various stakeholders.
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