Despite global trade uncertainties, India’s goods exports to China in the first four months of FY26 have risen by 20% year-on-year to $5.76 billion. This growth signals a rebalancing of trade between the two nations. The official data shows that each month from April to July recorded higher shipments to China than the previous year. Exports of iron and steel products more than doubled, while electronic goods surged threefold to $521 million.
Exports of organic and inorganic chemicals also rose by 16.3%, and gems and jewelry exports saw a 72.7% increase. The article notes that while India’s trade deficit with China remains large, the growth in exports is a positive sign. India’s top imports from China are pharmaceuticals, electronics, semiconductors, and machinery