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China Emerges as India's Largest Trading Partner in First Half of Fiscal Year 2027
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News18•15-10-2026, 20:00
China Emerges as India's Largest Trading Partner in First Half of Fiscal Year 2027
- •India's bilateral trade with China surged by approximately 29 percent to USD 91.76 billion during the April-September period of the current fiscal year.
- •Exports to China rose 36 percent to USD 11.41 billion, while imports increased by 27.82 percent to USD 80.34 billion, widening the trade deficit to USD 68.93 billion.
- •The United States followed China as India's second-largest trading partner, with bilateral trade growing 16.5 percent to USD 83.14 billion.
- •Commerce and Industry Minister Piyush Goyal stated that India is working to rebuild its relations with China through ongoing diplomatic and trade discussions.
Key Questions Answered
India's bilateral trade with China rose about 29 per cent to USD 91.76 billion during the April-September period of the 2026-27 fiscal year.
India's trade deficit with China widened to USD 68.93 billion during the first half of the 2026-27 fiscal year, up from USD 54.06 billion in the same period of 2025-26.
India's bilateral trade with the US rose 16.5 per cent to USD 83.14 billion in April-September of FY27, with outbound shipments reaching USD 50.81 billion and imports growing to USD 32.32 billion.
