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India's top trading partner 2024/25
April 22 , 2025
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- The US remained India's largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at USD 131.84 billion.
- India’s trade deficit with China has widened to USD 99.2 billion during the same period.
- In the last fiscal, India's exports to China contracted 14.5 per cent to USD 14.25 billion as against USD 16.66 billion in 2023-24.
- The imports, however, rose by 11.52 per cent in 2024-25 to USD 113.45 billion against USD 101.73 billion in 2023-24.
- China continued to be the second largest trading partner of India with USD 127.7 billion two-way commerce in 2024-25 as compared to USD 118.4 billion in 2023-24.
- China was India's top trading partner from 2013-14 till 2017-18 and also in 2020-21.
- Before China, the UAE was the country's largest trading partner.
- The US has been the largest partner since 2021-22.
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