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China surpasses US as India's 'largest' trading partner in FY26

April 16, 2026

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Millennium Post Delhi

NEW DELHI: China has overtaken the US to emerge as India' largest trading partner in 2025-26, with bilateral trade reaching USD 151.1 billion, while the country’s trade deficit with Beijing widened to USD 112.16 billion during the period, government data showed.

China surpasses US as India's 'largest' trading partner in FY26

The US was India’s largest trading partner for four consecutive years till 2024-25.

Indias exports to China rose 36.66 per cent to USD 19.47 billion during the last fiscal year, while imports increased 16 per cent to USD 131.63 billion. The trade deficit swelled to an all-time high of USD 112.6 billion in 2025-26 as against USD 99.2 billion in 2024-25.

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