NEW DELHI: India’s shipments to the United States are rising despite tariff-related disruptions. Simultaneously, exports to China are growing even faster, but the trade deficit with Beijing continues to widen.
So, if India is selling more goods to both countries, why is one relationship proving resilient while the other is adding to the country’s trade imbalance?
The latest figures offer a clue. India’s merchandise exports to the US reached $50.81 billion during April-September 2026, up from $45.73 billion a year earlier. This is an increase of about 11.1 per cent, according to the latest trade figures reported by the government.
China presents a different picture. India’s exports to the neighbouring country surged 40.7 per cent to $19.26 billion during January-September 2026. But imports from China rose 23.3 per cent to $125.19 billion. The result was a trade deficit of $105.93 billion, up 20.7 per cent from a year earlier.
The rise in exports to the US is significant because Indian businesses have faced uncertainty over American trade policy. The first phase of an India-US trade deal is nearing completion, but negotiations have involved questions about tariff rates and whether Indian exporters will enjoy an advantage over competitors such as Vietnam, Bangladesh and Indonesia.
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