India, China imports up 15.55 per cent in August

| | NEW DELHI
  • 0

India, China imports up 15.55 per cent in August

Wednesday, 18 September 2024 | PTI | NEW DELHI

India's exports to China dipped by 22.44 per cent to USD 1 billion, while imports rose by 15.55 per cent to USD 10.8 billion in August, according to the commerce ministry data.

Cumulatively, in the April-August period this fiscal, exports to the neighbouring country dipped by 8.3 per cent to USD 5.8 billion while imports grew 10.96 per cent to USD 46.65 billion, leaving a trade deficit of USD 35.85 billion, the data showed.

The country's exports to the US, the UAE, Singapore, Bangladesh, Australia, South Africa, France, Nepal, Belgium, and Turkey also declined during the month under review.

Also, imports from the UAE, Switzerland, Korea, Japan, Thailand, Vietnam and Taiwan, recorded growth.

According to the data, India's exports to the US declined 6.29 per cent to USD 6.55 billion while imports from that country dipped by 6.3 per cent to USD 3.82 billion in August.

Cumulatively, during the April-August 2024-25, exports to the US increased 5.72 per cent to USD 34 billion, while imports grew 3.72 per cent to USD 19 billion, leaving a trade surplus of USD 15 billion. Similarly, the country's imports from Russia dipped by about 40 per cent to USD 2.57 billion in August. During April-August 2024-25, imports grew by 6.39 per cent to USD 27.35 billion, due to crude oil imports. In 2023-24, the US was India's largest trading partner, followed by China.

              

State Editions

Kejriwal Government destroyed roads, sewers: Sachdeva

08 October 2024 | Staff Reporter | Delhi

Atishi arrives at official CM residence

08 October 2024 | Staff Reporter | Delhi

Will stay put at Ladakh Bhawan, says Wangchuk

08 October 2024 | Staff Reporter | Delhi

New course for inclusion of disabled launched at GGSIPU

08 October 2024 | Staff Reporter | Delhi

Kailash Gahlot visits Anganwadi centres in city

08 October 2024 | Staff Reporter | Delhi

Sunday Edition

Step into the Festive Spirit

06 October 2024 | SAKSHI PRIYA | Agenda

From Kolkata to Delhi: The Taste of Two Cities

06 October 2024 | Divya Bhatia | Agenda

Navratri: The essence of Satvik food

06 October 2024 | Team Viva | Agenda

Celebrating Navratri A Spectacular Dance-Drama Experience

06 October 2024 | SAKSHI PRIYA | Agenda

Guru Speak | Is boredom a blessing or a curse?

06 October 2024 | Sri Sri Ravi Shankar | Agenda