United States remains India’s top trading partner for 2nd consecutive year in 2019-20

india united states
  • The United States has retained its position as India’s top trading partner for the second consecutive financial year in 2019-20.
  • As per the data of the Ministry of Commerce, the bilateral trade between the US and India in 2019-20 stood at $88.75 billion as against $87.96 billion in 2018-19.
  • In 2018-19, the US for the first time surpassed China to become India’s top trading partner.
  • China was India’s top trading partner since 2013-14 till 2017-18 and before China, UAE was the largest trading nation in India.
  • The bilateral trade between India and China dropped to $81.87 billion in 2019-20 from $87.08 billion in 2018-19.
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