India China trade: China becomes India’s largest trading partner in FY26
Context: India China trade
China has overtaken the United States as India’s largest trading partner in FY26 due to a surge in imports, leading to a record trade deficit.

India China trade
• Total trade $151.1 billion
• Trade deficit $112.6 billion all-time high
• Exports $19.47 billion rise 36.66%
• Imports $131.63 billion rise 16%
India US trade
• Exports $87.3 billion marginal rise
• Imports $52.9 billion rise 15.95%
• Trade surplus $34.4 billion decline from $40.9 billion
India top trading partners
China | USA | UAE
India top export destinations
USA | UAE | Netherlands
India top import sources
China | Russia | UAE









