Back

Nawal

ย โ€ขย 

SELFย โ€ขย 1y

โ€ผ๏ธChina - India Latest Update . China has emerged as India's largest trading partner with $118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data of economic think tank The Global Trade Research Initiative (GTRI). Bilateral trade between India and the US stood at $118.3 billion in 2023-24. The USA was India's top trading partner during 2021-22 and 2022-23. The data showed that India's exports to China rose by 8.7% to $16.67 billion in the last fiscal year. The main sectors that recorded healthy growth in exports to that country include iron ore, cotton yarn/fabrics/madeups, handloom, spices, fruits and vegetables, plastic, and linoleum. On the other hand, exports to the US dipped by 1.32% to $77.5 billion in 2023-24 as against $78.54 billion in 2022-23, while imports fell by about 20% to $40.8 billion, the data showed.

14 Replies
23
Replies (14)

More like this

Recommendations from Medial

Image Description

Mahendra Lochhab

Content creatorย โ€ขย 5m

India's revenue from pharmaceutical exports was $25.3 billion in the 2022-2023 financial year.

1 Reply
4

Mahendra Lochhab

Content creatorย โ€ขย 10m

India's agricultural exports in 2022-2023 were $53.1 billion, which was 11.8% of the country's total merchandise exports.

Reply
4

Mahendra Lochhab

Content creatorย โ€ขย 28d

In the fiscal year 2023-24, India's pharmaceutical exports reached USD 27.9 billion, with the US, UK, and Netherlands being the top destinations.

Reply
4

Kolkata Index

ย โ€ขย 

West Bengal Tourismย โ€ขย 6m

๐Ÿ“ˆ India's Trade Performance (2019-20 to 2023-24)(In US$ Billion):๐Ÿ‡ฎ๐Ÿ‡ณ Exports: ๐Ÿš€ Rose by 47.79% ๐Ÿ“Š 2019-20: $526.55B โžก๏ธ 2023-24: $778.19B Imports: ๐Ÿ“ฆ Increased by 41.59% ๐Ÿ“Š 2019-20: $602.98B โžก๏ธ 2023-24: $853.73B (MoC&I)

Reply
5

Mahendra Lochhab

Content creatorย โ€ขย 8m

India's toy exports have increased significantly, rising 239% from 2015 to 2023. In 2022โ€“2023, exports increased by 240% while imports decreased by 67%.

Reply
7
Image Description

Mahendra Lochhab

Content creatorย โ€ขย 9m

Indiaโ€™s smartphone exports soared above $15 billion in 2023-24, from $11 billion a year prior : government

1 Reply
2
15
Image Description

CA Jasmeet Singh

In God We Trust, The...ย โ€ขย 1m

Top India Imports-Exports in the Year 2022-23.

6 Replies
3

Mahendra Lochhab

Content creatorย โ€ขย 1m

India is the world's second-largest shoe producer, after China, accounting for 11.63% of the 17.7 billion pairs of shoes produced worldwide. Based on footwear export data, with $3.13 billion in footwear exports, India ranked 11th globally in terms of

See More
Reply
2

Mahendra Lochhab

Content creatorย โ€ขย 6m

In 2023-24, India's seafood production is projected to be 182.70 lakh tonnes, with exports expected to reach 18.19 lakh tonnes.

Reply
1

Mahendra Lochhab

Content creatorย โ€ขย 9m

In 2023, India's IT sector exports reached $193 billion, with software and services accounting for $126 billion. This is almost double the $108 billion in 2016.

Reply
16

Download the medial app to read full posts, comements and news.