Us Top Trading Partner of India for 4th Straight Year in FY25; Trade gap with china widens to usd 99.2 bn – Amar Ujala Hindi News Live

India’s exports to China declined by 14.5 percent to $ 14.25 billion in the last financial year. The figure in 2023-24 was $ 16.66 billion. However, India’s import from China in 2024–25 rose 11.52 percent to $ 113.45 billion, while in 2023-24 it was $ 101.73 billion.

Also read: Share Market: Market fluctuations continue, Sensex and Nifty are swinging between green and red marks on Wednesday

Trade deficit with China increased by 17 percent

Trade deficit with China increased by about 17 percent in the last financial year to US $ 99.2 billion, which in 2023-24 the figure was $ 85.07 billion. China was India’s second largest trading partner in 2024-25 with a $ 127.7 billion two-way trading. In 2023-24, the two countries had a turnover of $ 118.4 billion.

According to Commerce Ministry data, China was India’s largest trading partner from 2013-14 to 2017-18 and in 2020-21. Prior to China, the United Arab Emirates was the largest trading partner in the country. America is the largest business partner since 2021-22. During the last financial year, UAE was India’s third largest trading partner with $ 100.5 billion.

India’s exports to America rose 11.6% to $ 86.51 billion

India’s exports to the US increased by 11.6 percent to $ 86.51 billion in the last financial year, compared to $ 77.52 billion in 2023-24. India’s imports from the US increased by 7.44 percent to $ 45.33 billion in 2024–25, while in 2023-24 it was $ 42.2 billion. The trade surplus with the US has reached US $ 41.18 billion in the last financial year, which was US $ 35.32 billion in 2023-24.

Also read: Bhoomi deal case: ED questioned Robert Vadra again; Know what, why, where, when and how

Exports and imports of these things with America

In 2024, the major things that the US exported by the US produces drug manufacturing and biological ($ 8.1 billion), telecommunications equipment ($ 6.5 billion), precious and semi-precious stone ($ 5.3 billion), petroleum products ($ 4.1 billion), gold and other precious metal jewelery ($ 3.2 billion), cotton-ready-up ($ 2.8 billion), and iron and $ 2.7 billion and this include the products ($ 2.7 billion).

Major products of import include crude oil ($ 4.5 billion), petroleum products ($ 3.6 billion), coal, coke ($ 3.4 billion), chopped and polished diamonds ($ 2.6 billion), electric machinery ($ 1.4 billion), aircraft, spacecraft and its parts ($ 1.3 billion) and gold ($ 1.3 billion).

In the coming years, bilateral trade between India and the United States is expected to rise as the two countries are negotiating a business agreement. It aims to increase two -way commerce in goods and services from the current $ 191 billion to $ 500 billion by 2030.