India’s merchandise trade data for April–October 2025 shows a deepening of long-standing patterns: the United States remains India’s largest export destination, while China continues to dominate India’s import basket. The latest trends highlight both the strength of India’s outward-facing sectors and its reliance on foreign supply chains for critical inputs. Advertisement

Exports to the US climbed to $52.12 billion, powered by India’s strongest performing categories, engineering goods, pharmaceuticals, electronics, and gems & jewellery. These sectors continue to enjoy steady American demand, especially engineering goods and specialty drugs.

The next three export destinations were the UAE ($22.14 bn), Netherlands ($11.98 bn), and China ($10.03 bn). The UAE’s imports from India were drive

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