USA Retains Position as India’s Top Trading Partner for 4th Consecutive Year in FY 2024-25 with USD 131.84 Billion Trade.
National
In April 2025, the Ministry of Commerce and Industry (MoC&I) released trade data indicating that the United States of America (USA) remained India’s largest trading partner for the 4th consecutive year in Financial Year 2024-25 (FY25), with bilateral trade reaching USD 131.84 billion.
- In FY25, China ranked as India’s second-largest trading partner, with total bilateral trade at USD 127.7 billion, while the United Arab Emirates (UAE) stood third, recording USD 100.5 billion in trade value.
- In Financial Year 2024-25 (FY25), India’s bilateral trade with the United States reached USD 131.84 billion. Exports from India to the USA saw a robust growth of 11.6%, rising from USD 77.52 billion in FY24 to USD 86.51 billion in FY25. Imports from the USA also rose by 7.44%, increasing from USD 42.2 billion to USD 45.33 billion during the same period.
- India’s trade surplus with the USA widened to USD 41.18 billion in FY25, up from USD 35.32 billion in FY24. Major Indian exports to the U.S. included drug formulations and biologicals (USD 8.1 billion), telecom instruments (USD 6.5 billion), and precious and semi-precious stones (USD 5.3 billion), among other significant sectors.
Main Point :- (i) India's major imports from the USA during FY25 included crude oil worth USD 4.5 billion, petroleum products at USD 3.6 billion, and coal and coke valued at USD 3.4 billion. These commodities highlight the USA’s critical role in fulfilling India’s energy and industrial needs.
(ii) China continued as India’s second-largest trading partner in FY25, with the total bilateral trade amounting to USD 127.7 billion, up from USD 118.4 billion in FY24. However, India’s exports to China declined sharply by 14.5%, falling from USD 16.66 billion in FY24 to USD 14.25 billion in FY25.
(iii) Imports from China surged by 11.52% in FY25, reaching USD 113.45 billion compared to USD 101.73 billion in the previous year. This widened India’s trade deficit with China to USD 99.2 billion in FY25, a 17% increase from USD 85.07 billion in FY24. Notably, China was India’s top trading partner from FY14 to FY18 and again in FY21, while the USA has held the top position since FY22.
About Ministry of Commerce and Industry (MoC&I)
Cabinet Minister: Shri Piyush Goyal
Headquarter : New Delhi
____________________________
