GUWAHATI: The United States retained its position as India’s largest trading partner for the fourth consecutive year in 2024–25, with bilateral trade reaching USD 131.84 billion.
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According to government data released on Thursday, April 17, India’s exports to the US rose 11.6 per cent to USD 86.51 billion in 2024–25 from USD 77.52 billion in the previous fiscal. Imports from the US also increased by 7.44 per cent to USD 45.33 billion, resulting in a trade surplus of USD 41.18 billion for India, up from USD 35.32 billion in 2023–24.
Key exports to the US included drug formulations and biologicals worth USD 8.1 billion, telecom instruments at USD 6.5 billion, and precious stones at USD 5.3 billion. Other major exports were petroleum products, gold jewellery, cotton garments, and iron and steel products.
Meanwhile, imports from the US featured crude oil (USD 4.5 billion), petroleum products, coal and coke, electric machinery, aircraft parts, and gold.
Relatedly, China remained India’s second-largest trading partner with total trade valued at USD 127.7 billion in 2024–25, compared to USD 118.4 billion in the previous fiscal. However, India’s trade deficit with China has widened, reaching USD 99.2 billion, a 17 per cent increase from USD 85.07 billion in 2023–24.
India’s exports to China declined 14.5 per cent to USD 14.25 billion in 2024–25, while imports rose by 11.52 per cent to USD 113.45 billion.
The UAE remained India’s third-largest trading partner, with bilateral trade amounting to USD 100.5 billion in 2024–25.
