India's trade deficit with China rose to a whopping $37.8 billion last year even as bilateral trade picked up, totalling $70.59 billion, a year on year increase of 7.9 per cent.
According to annual figures released by China's General Administration of Customs (GAC), the total trade volume went to $70.59 billion from last year's $65.57, an increase of $5.02 billion amid increasing Chinese exports to India.
India-China trade hit all time high of $73.9 billion in 2011 but declined to $66.57 billion in 2012 and $65.49 billion in 2013.
As per the figures released by Chinese customs, the bilateral trade increased by 7.9 per cent, halting the decline in the last two years.
But India's trade deficit woes continued as it mounted as high as $37.8 billion, making it very difficult to bridge the gap.
The leadership of the two countries have fixed a trade target of $100 billion for this year.
Chinese exports to India surged to $54.2 billion, posting a 12 per cent increase while Indian exports to China decelerated to $16.4 billion, a decline of 3.5 per cent. Indian exports totalled to $17.04 billion in 2013.