Bilateral trade between the two Asian nations hit $137 billion in 2025-26, ahead of $127.8 billion with America
China became India’s largest trading partner in the 2025-26 financial year, overtaking the US, Beijing’s embassy in New Delhi has said.
Bilateral trade between India and China reached $137 billion in the period between April 2025 and February 2026, Xu Feihong, Beijing’s ambassador in New Delhi, said in a post.
“Glad to know that China has become India’s largest trading partner in FY2026 – for the 11th straight month,” Xu posted on X.
India’s bilateral trade with the US stood at $127.8 billion in the same period.
Glad to know that China has become India's largest trading partner in FY2026 — for the 11th straight month. ? pic.twitter.com/2jz2mppJAF
— Xu Feihong (@China_Amb_India) April 7, 2026Washington was New Delhi’s largest trading partner for four years in a row until 2024-25.
In February, Qin Jie, China’s consul general in Mumbai, said bilateral trade between the neighbors would not be affected by external factors.
“Because India is a very big economy and China is also a very large economy. We are countries that both support multilateralism and multilateral trade and multicultural exchange,” PTI quoted Qin as saying.
Read more India denies Reuters claim over US trade deal delayThe US imposed 50% tariffs on India in August 2025, half of them as a punitive measure for New Delhi’s purchases of Russian oil.
In February, India and the US announced an interim trade deal, effectively bringing down tariffs to 18%.
New Delhi’s trade talks with the US came to a halt after the US Supreme Court struck down President Donald Trump’s tariffs on imports from various countries.
India signed a trade pact with the European Union earlier this year, after entering into similar agreements with the UK, Oman, and New Zealand in 2025.
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