With $128.55 billion in trade, the US surpasses China as India’s top trading partner in FY23

With $128.55 billion in trade, the US surpasses China as India’s top trading partner in FY23.

The United States is expected to overtake China as India’s top trading partner in 2022–2023, supported by growing economic connections.

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Indian exports to China fell by nearly 28% to $15.32 billion, while imports increased by 4.16 percent to $98.51 billion.

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India had a $28 billion trade surplus with the US in 2022–2023.

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