From being India’s largest trading partner in the April-June quarter, the US’s imports to India dipped by 10.61 per cent in June to about USD 4 billion, revealed data released by the Indian commerce ministry.
India’s goods exports to the US, meanwhile, rose by 23.53 per cent to USD 8.3 billion in the same month.
In the April-June quarter, the country's exports to the US had increased by 22.18 per cent to USD 25.51 billion, while imports had also risen 11.68 per cent to USD 12.86 billion, the data showed.
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Currently, India and the US are engaged in hectic discussions to finalise a mini-trade deal before the August 1 deadline imposed by the US.
China, another major trading partner of India, saw a 17.18 per cent jump in exports from India to USD 1.38 billion in June, and a 17.87 per cent growth in April-June to USD 4.4 billion.
Imports from the neighbouring country in June rose by 2.48 per cent to USD 9.51 billion, while they had increased in the first quarter of 2025-26 by 16.33 per cent to USD 29.74 billion.
Singapore, Germany, France, Brazil, and Korea were also among the countries which saw positive growth in exports from India during the month under review.
However, exports to the UAE, the Netherlands, the UK, Bangladesh, Saudi Arabia, Australia, Nepal, South Africa, Italy, Belgium and Malaysia declined in June.
On the imports front, inbound shipments in June declined from nations including the UAE, Russia, Iraq, Germany, Malaysia, Switzerland, Australia, and Taiwan.
However, imports rose from Saudi Arabia, Singapore, Korea, Japan, Hong Kong, and Thailand.
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