India's imports from China up 15.55%; exports dip 22.44% in August

New Delhi: India's exports to China dipped by 22.44 per cent to $1 billion, while imports rose by 15.55 per cent to $10.8 billion in August, according to the commerce ministry data.

Cumulatively, in the April-August period this fiscal, exports to the neighbouring country dipped by 8.3 per cent to $5.8 billion while imports grew 10.96 per cent to $46.65 billion, leaving a trade deficit of $35.85 billion, the data showed.

The country's exports to the US, the UAE, Singapore, Bangladesh, Australia, South Africa, France, Nepal, Belgium, and Turkey also declined during the month under review.

Also, imports from the UAE, Switzerland, Korea, Japan, Thailand, Vietnam and Taiwan, recorded growth.

According to the data, India's exports to the US declined 6.29 per cent to $6.55 billion while imports from that country dipped by 6.3 per cent to $3.82 billion in August.

Cumulatively, during the April-August 2024-25, exports to the US increased 5.72 per cent to $34 billion, while imports grew 3.72 per cent to $19 billion, leaving a trade surplus of $15 billion.

Similarly, the country's imports from Russia dipped by about 40 per cent to $2.57 billion in August. During April-August 2024-25, imports grew by 6.39 per cent to $27.35 billion, due to crude oil imports.

In 2023-24, the US was India's largest trading partner, followed by China.

China was India's top trading partner from 2013-14 till 2017-18 and in 2020-21. Before China, the UAE was the country's largest trading partner. The US was also the largest partner in 2021-22 and 2022-23.