China Emerged India’s Top Trade Partner in FY26; Deficit Widens to USD 112 Billion
In April 2026, the Government of India (GoI)’s latest data showed that China emerged as India’s largest trading partner in Financial Year 2025-26 (FY26), with bilateral trade reaching USD 151.1 billion. However, India’s trade deficit with China widened to USD 112.16 billion during the period.
In April 2026, the Government of India (GoI)’s latest data showed that China emerged as India’s largest trading partner in Financial Year 2025-26 (FY26), with bilateral trade reaching USD 151.1 billion. However, India’s trade deficit with China widened to USD 112.16 billion during the period.
- China has replaced the United States of America (USA) which was India’s largest trading partner for four consecutive years till FY25.
Key Details:
Export & Import from China: As per the official data, India’s exports to China surged 36.66% to USD 19.47 billion in FY26, while imports increased 16% to USD 131.63 billion during the same period.
Major Trading Partners: The data revealed the major trading partners with which India registered negative exports growth in FY26: the Netherlands, the United Kingdom (UK), Singapore, Bangladesh, Saudi Arabia, Australia, France, South Africa, and Malaysia.
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- Further, India’s imports from the United Arab Emirates (UAE), Saudi Arabia, Hong Kong Special Administrative Region (SAR) of China, Switzerland, Singapore, Japan, South Korea, Germany, Thailand, and Malaysia recorded positive growth in FY26.
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