InvestorQ : Who are India’s largest trading partners now? Is it China or is it the US?
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Who are India’s largest trading partners now? Is it China or is it the US?

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Mitali Bhutta answered.
9 months ago
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The US has once again surpassed China to become India’s largest trading partner for fiscal year FY22. Bilateral trade between the US and India for FY22 increased 50% to $119.42 billion. Export of goods to the US were $76.11 billion while imports were $43.31 billion.

That gives India a US trade surplus of $32.80 billion. India’s trade with China fell short at $115.42 billion. However, India runs a huge deficit with China to the tune of $72.91 billion. The other major trading partners for India were UAE, Saudi Arabia, Iraq and Singapore.

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