India The US exported 27.3 percent to $ 8.42 billion in April. While the import rose 63.76 percent to $ 5.24 billion. Trade experts said that domestic exporters have completed fast orders on April 2 to avoid the counter -duty of Donald Trump administration. Later, the fee was suspended till July 9. An official said on Thursday, “Both exports and imports are increasing. We are committed to increase business levels with America. This relationship will be further deepened by the trade agreement. ”
Export to China also increased
According to the data, the country’s export to China also increased to $ 1.41 billion in April, which was $ 1.25 billion in the same month last year. However, import from neighboring country also increased to $ 9.91 billion, which was $ 7.6 billion in the same month last year.
Import $ 6.23 billion from Russia
In April this year, import from Russia increased by 17.7 percent to $ 6.23 billion. Russia is a source of crude oil for India. According to the data, in April, the top 5 exports were USA, United Arab Emirates, Australia, Tanzania and Kenya. While the top five import sources were UAE, China, America, Russia and Ireland.
Reply tariff proposal on America
India is preparing to impose counter -tariffs on some products coming from America. In response to the US tariff on Indian steel and aluminum exports, India also wants to put a counter tariff on some US products. India has informed the World Trade Organization (WTO) about this proposal. India has proposed to impose counter-tariffs under WTO on 29 American products including apple, almonds, pears, anti-freeing preparation, boric acid, iron and steel.
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