America India’s Goods Export increased by 23.53 percent to $ 8.3 billion in June. According to Commerce Ministry data, the import declined by 10.61 percent to about four billion dollars during this period. According to the data, exports from India increased by 22.18 percent to $ 25.51 billion during April-June. During this period, the import rose by 11.68 percent to $ 12.86 billion. The US was India’s largest trading partner in the April-June quarter of FY 2025-26.
Negotiations on trade agreement between India and America
India and America are talking on a bilateral trade agreement. The Indian party is in Washington for the fifth round of talks for this agreement. India’s exports to India, another major trading partner of India, increased by 17.18 percent to US $ 1.38 billion in June. In April-June, the figure increased by 17.87 percent to $ 4.4 billion. In June this year, import from China increased by 2.48 percent to $ 9.51 billion. The figure rose 16.33 percent to $ 29.74 billion in the first quarter of FY 2025-26.
How was India’s export with other countries in June
In June, exports from Singapore, Germany, France, Brazil and South Korea increased from India on an annual basis. On the other hand, the export of the United Arab Emirates (UAE), Netherlands, Britain, Bangladesh, Saudi Arabia, Australia, Nepal, South Africa, Italy, Belgium and Malaysia declined. In June, imports from countries such as UAE, Russia, Iraq, Germany, Malaysia, Switzerland, Australia and Taiwan declined, while Saudi Arabia, Singapore, South Korea, Japan, Hong Kong and Thailand increased.
Commerce Ministry will monitor goods imports
Commerce Secretary Sunil Barthwal said on Tuesday that the Ministry of Commerce has started monitoring ‘unusual boom’ in imports. Under the supervision, if it was found that this increase in imports has occurred due to any disturbance, then action will be taken. The government last month banned the imports of some colloidal precious metals to prevent illegal gold flows in India. The colloidal precious metals contain gold or silver nanokana spread in liquid form.
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