Business News: China Beats US to Become The Largest Trade Partner of India

India Trade News: China has become the largest trade partner of India, leaving behind the United States. In 2023-24, the total trading amount was $118 billion between India and China. Earlier, in 2021-22, America was the largest trade partner of India. According to the data provided in this report, China’s exports have seen a growth of about 8.7%, including iron ore, cotton fabrics, handlooms, spices, fruits, vegetables, and plastic. 

India-China Trades

The imports have grown by about 3%, but India has imported about $101 billion from China. According to data from the Commerce Ministry, China was the largest trading partner of India from 2013-14 to 2017-18. In 2020-21, China was also the largest trading partner of India. But after the Boycott China campaign, there was a lot of decline in India-China trade.