China is India's second biggest trading partner after the United States. In 2021-22, India-China bilateral trade stood at 115.83 billion dollars, which was 11.19 percent of India's total merchandise trade of 1035 billion dollars. The US was just a notch above, with an 11.54 percent, or 119.48 billion dollar, share.
Till 20 years ago, China figured at the 10th position in 2001-02 or lower, at the 12th position in 2000-01, the 16th in 1999-2000 and the 18th in 1998-99. However, from 2002-03 it started an upward march and became India's top trading partner in 2011-12. In the next year the UAE dislodged it to the second place.
However, China bounced back and again became India's top trading partner in 2013-14, and remained there till 2017-18. For the next two years, 2018-19 and 2019-20, the US was at the top, but in 2020-21 China again became India's number one trading partner.
While China and the US have both been India's top trading partners in recent years, there is a big difference between the trade with the world's two largest economies. While with the US India had a trade surplus of 32.85 billion dollars during 2021-22, with China it had a trade deficit of 73.31 billion dollars, the highest for any country. In fact, India's trade deficit with China during 2021-22 was an all-time high.
Assuming that India's merchandise trade with a country X was 5 percent of its total merchandise trade, this amount would be
The amount would be 51.75 billion dollars, so the answer is 51.75 billion dollars.
India's total merchandise trade was 1035 billion dollars.
So 5 percent of this total is what is asked for.
5 percent of 1035 billion is about 51.75 billion.
This matches taking 5 out of the 11.19 percent that equalled 115.83 billion.
So trade with country X would be about 51.75 billion dollars.
So the answer is 51.75 billion dollars.
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