China Surpasses US as India's Largest Trading Partner in FY26; Trade Gap Swells to USD 112.16 Bn

China surpasses US as India's largest trading partner in FY26; trade gap swells to USD 112.16 bn

India's trade with China reached USD 151.1 billion in 2025-26, making it the largest partner. The trade deficit with China widened significantly. The US was previously the top partner for four years. India's exports to China saw substantial growth, while imports also increased. Trade with the US showed marginal export growth and increased imports, leading to a reduced trade surplus.

India's US Trade Surplus Shrinks in FY26 Despite Export Growth, Exports to China Surge

Get latest articles and stories on Business at LatestLY. India's trade surplus with the United States narrowed in FY 2025-26, amid a decline in export momentum following tariff measures imposed by US President Donald Trump, even as imports from the US rose significantly. Business News | India's US Trade Surplus Shrinks in FY26 Despite Export Growth, Exports to China Surge.

Indias US trade surplus shrinks in FY26 despite export growth, exports to China surge - The Tribune

India's trade surplus with the United States narrowed in FY 2025-26, amid a decline in export momentum following tariff measures imposed by US President Donald Trump, even as imports from the US rose significantly.

India's Global Trade Surge: China Reclaims Top Spot, Exports Jump 37%

India's dominance in global trade is witnessing a significant upward trajectory. According to government data, China has once again overtaken the United States to become India's largest trading partner. The Indian economy has taken a new leap, with its influence resonating across global markets, while major nations are increasingly seeking trade opportunities with India. A notable highlight is the rapid increase in demand for Indian goods in Chi…

China Becomes India's No. 1 Trading Partner; Surpasses US to Reach the Top

A major shift has been observed in the dynamics of global trade. According to government data, in the financial year 2025-26, China has once again surpassed the United States to become India’s largest trading partner. The US had held this position for the preceding four years (from 2021-22 to 2024-25); however, a significant surge in bilateral trade this year has propelled China to the top spot. Key Trade Statistics According to data released by…

China becomes India’s top trading partner in FY26 as trade deficit widens

In comparison, trade with the US showed slower growth.