India’s Trade Dynamics in FY25 Surplus with US Widens, Deficit with China Deepens
India’s foreign trade figures for FY2024–25 reflect divergent trends with major global partners. While exports to the United States rose significantly, widening the trade surplus, the trade deficit with China deepened further due to higher imports and declining exports. China retained its top position as India’s largest import source, while the US continued to be the leading destination for Indian exports.
| Rank | Country | Export Value (in $ Billion) | Growth Rate (%) |
| 1 | United States | 86.5 | 11.59% |
| 2 | United Arab Emirates (UAE) | 36.6 | 2.84% |
| 3 | Netherlands | 22.7 | 1.75% |
| 4 | United Kingdom | 14.5 | 12% |
| Rank | Country | Export Value (in $ Billion) | Growth Rate (%) |
| 1 | China | 113.45 | 11.52% |
| 2 | Russia | 63.8 | 4.39% |
| 3 | United Arab Emirates (UAE) | 63.4 | 32% |
| 4 | United States | 45.3 | 7.44% |
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