China has emerged as India's top import source during April-September this year. During this period, a total of $56.29 billion worth of imports were made from China. During the same period, the US has emerged as the top export destination for the country. Exports to America increased by 5.62 percent to $40.38 billion. Imports from China have increased by 11.5 percent during the first half of the current financial year. In the same period of the last financial year, imports were 50.48 billion dollars.
Top 10 sources of imports in India
According to the news, according to the data, the top 10 sources of imports into India during this period were China, Russia, United Arab Emirates, America, Iraq, Saudi Arabia, Indonesia, South Korea, Switzerland and Singapore. Imports from Russia increased to $32.18 billion during April-September in the current financial year, from $30.43 billion in the same period a year ago.
Top 10 export destinations of the country
Similarly, imports from UAE increased to $31.46 billion in the period under review. In the first half of the last financial year it was $ 20.70 billion. During this period, the country's top 10 export destinations were the US, UAE, Netherlands, UK, China, Singapore, Saudi Arabia, Bangladesh, Germany and South Africa. Exports to the UAE increased to $17.24 billion during April-September in the current financial year, from $15.47 billion in the same period a year ago.
Exports to China increased to $6.91 billion
Similarly, exports to China increased to $6.91 billion in the period under review from $7.63 billion a year ago during April-September in 2023-24. The US was India's largest trading partner in 2023-24. After that came China. China was India's top trading partner in 2013–14 to 2017–18 and 2020–21. Before China, the UAE was the country's largest trading partner. The US was the largest trading partner in 2021-22 and 2022-23.
Image Credit: India-Tv.