India’s trade with China witnessed strong growth in April 2026, with exports to China surging 27 per cent year-on-year to $1.77 billion in April 2026 as compared to $1.39 billion in April 2025. Imports from China also recorded a significant rise of 20.85 per cent, reaching $11.97 billion in April 2026 against $9.90 billion in the corresponding month last year. The trade deficit stood at $10.2 billion in April 2026 as against $8.51 billion in April 2025.
According to the government data, the US was India's largest trading partner for four consecutive years till 2024-25, but China has overtaken the US to emerge as India's largest trading partner in 2025-26, with bilateral trade reaching $151.1 billion, while the country's trade deficit with Beijing widened to $112.16 billion during the period.
India’s exports to the United States registered a modest growth of 1.14 per cent in April 2026, reaching $8.47 billion compared to $8.38 billion in April 2025. In contrast, imports from the US declined by 4.67 per cent year-on-year to $5.27 billion. Further, exports to Singapore jumped 179.18 per cent to $3.19 billion, to Tanzania by 157.63 per cent to $1.29 billion, and Sri Lanka by 214.65 per cent to $1.02 billion in April.
