During
the period, the US emerged as the top export destination for the country with
outbound shipments increasing by 5.62 per cent to USD 40.38 billion.
The
imports from China rose by 11.5 per cent during the first half of this fiscal.
The imports stood at USD 50.48 billion during April-September 2023. During
the period, the top 10 import sources of India were China, Russia, the UAE, the
US, Iraq, Saudi Arabia, Indonesia, Korea, Switzerland and Singapore, the data
showed.
Imports
from Russia rose to USD 32.18 billion during April-September this fiscal from
USD 30.43 billion a year ago.
Similarly,
the inbound shipments from the UAE rose to USD 31.46 billion from USD 20.70
billion in the first half of the last fiscal.
During
the period, the top 10 export destinations of the country were the US, the UAE,
the Netherlands, the UK, China, Singapore, Saudi Arabia, Bangladesh, Germany
and South Africa.
Exports to the UAE rose from USD 15.47
billion during April-September 2023 to USD 17.24 billion during April-September
this fiscal.
Similarly,
outbound shipments to China increased to USD 6.91 billion from USD 7.63 billion
in the first half of the last fiscal.
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.