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- US emerged as India’s top trading partner during this year’s January-June.
- Exports to the US increased from $37.7 billion in January-June 2023 to $41.6 billion in January-June 2024, a growth of 10.5%.
- India recorded the highest trade deficit of $41.6 billion with China during the period.
- India exports goods to 239 countries, of which 126 showed positive growth in exports.
- India’s merchandise exports increased 5.41% to $230.51 billion during the first half of 2024.
- India’s exports to Italy, Belgium, Nepal, and Hong Kong have declined.
- Imports from Russia grew to $34.4 billion from $30.8 billion, an 11.65% increase.
- China remained the largest import supplier as imports increased from $46.2 billion to $50.1 billion.
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