Trade Dynamics: India's Balancing Act with China and the US

India's trade dynamics saw a decline in exports to China by 9.44% and growth in imports by 13.05% in July. Conversely, exports to the US rose by 3.15%, with imports increasing by 1.43%. The overall trade deficit with China widened to $85 billion, while a trade surplus of $12.2 billion was recorded with the US.

India's exports to China dropped by 9.44% to $1.05 billion in July, while imports surged by 13.05% to $10.28 billion, according to commerce ministry data.

From April to July this fiscal year, exports to China dipped by 4.54% to $4.8 billion, and imports grew 9.66% to $35.85 billion, resulting in a trade deficit of $31.31 billion.

In contrast, India experienced growth in exports to the US, UAE, Netherlands, Singapore, Saudi Arabia, Bangladesh, and Mexico in July, with exports to the US rising 3.15% to $6.55 billion. Imports from the US saw a slight increase of 1.43% to $3.71 billion.

(With inputs from agencies.)