New Delhi: The US has made it difficult for China as the largest trading partner in India, thanks to faster growth over the first nine months of 2021.
Data compiled by the Commerce Department showed that during January-September trade, the US surged 50% to $ 28 billion.
Rise 46% relatively slower with China saw bilateral trade increased to $ 25.3 billion.
However, China has managed to maintain the top position over the first four months of the current financial year, which is a disaggregated data available with the government.
During April-July, India’s trade with China is estimated at $ 36.6 billion, against $ 36.5 with the US.
During the first nine months of 2021, low and captivated demand had seen the whole trade jumped 50% to $ 231 billion.
Countries such as Australia, UAE and Belgium see a much sharper increase.
The data compiled by the trade department shows that among the main trading partners, the sharpest increase is in the case of South Africa, which has increased by 91.4% to $ 5.9 billion.
Likewise, in the case of Australia, trade surged more than 85% to $ 6.4 billion.
Trading with Belgium increased by almost 80% to $ 6 billion, while the UAE saw a 67% increase, with trade values set at $ 20 billion.
For some Asian trading partners, the increase is relatively slow.
For example, during January-September, trade with Indonesia increased 48.4% to $ 6.1 billion, while with Thailand 60% higher at $ 3.8 billion.
Most of the increase in trade is due to higher commodity prices, especially metals, with oil prices taking into account surges in recent months.
US Chinese pips as India’s biggest trading partner
