China’s $1.8 Trillion Manufactured Goods Surplus vs. India’s $57 Billion Deficit: Diverging Trade Paths in the 21st Century

China's manufactured goods trade surplus skyrocketed from $56 billion in 2002 to $1.8 trillion in 2023, growing at an impressive annual rate of 43% (CAGR). Over the same period, India generally experienced trade deficits, culminating in a $57 billion deficit in 2023. This stark contrast highlights the differing trajectories of the two nations' trade balances in manufactured goods over two decades.