Commerce Ministry data shows China overtakes US as India's largest trading partner in FY26

Key facts

• Bilateral trade between India and China reached USD 151.1 billion in FY26.
• India's trade deficit with China widened to USD 112.16 billion in FY26.
• The United States was India's largest trading partner for four consecutive years until FY25.
• India's exports to China rose 36.66 per cent to USD 19.47 billion in FY26.
• India's imports from China increased 16 per cent to USD 131.63 billion in FY26.
• The trade deficit with China swelled to an all-time high of USD 112.6 billion in FY26, up from USD 99.2 billion in FY25.
• India's outbound shipments to the United States grew 0.92 per cent to USD 87.3 billion in FY26.
• India's imports from the United States increased 15.95 per cent to USD 52.9 billion in FY26.
• India's trade surplus declined to USD 34.4 billion in FY26 from USD 40.89 billion in FY25.
• China was India's top trading partner from FY13-14 to FY17-18 and again in FY20-21.
• Before China, the United Arab Emirates was India's largest trading partner.
• The United States has been India's largest partner since FY21-22.
• Negative export growth in FY26 was recorded with the Netherlands, the United Kingdom, Singapore, Bangladesh, Saudi Arabia, Australia, France, South Africa and Malaysia.
• Positive export growth in FY26 was recorded with the United Arab Emirates, Germany, Hong Kong, Italy, Nepal, Brazil, Spain, Belgium and Vietnam.
• Negative import growth in FY26 was recorded with Russia, Iraq, Indonesia, Australia, Qatar and Taiwan.
• Positive import growth in FY26 was recorded with the United Arab Emirates, Saudi Arabia, Hong Kong, Switzerland, Singapore, Japan, Korea, Germany, Thailand and Malaysia.