In fiscal year 2025-26, China has officially surpassed the United States to become India's largest trading partner, with bilateral trade totaling $151.1 billion. This shift marks a significant change, as the US held the top position for four consecutive years until 2024-25. India's exports to China saw a substantial increase of 36.66%, reaching $19.47 billion, while imports from China rose by 16% to $131.63 billion. Consequently, the trade deficit with China widened to an all-time high of $112.6 billion, compared to $99.2 billion in the previous fiscal year. In contrast, India's trade with the US showed only marginal growth, with exports increasing by 0.92% to $87.3 billion and imports rising by 15.95% to $52.9 billion, resulting in a reduced trade surplus of $34.4 billion. The data indicates a broader trend of fluctuating trade dynamics, with several countries, including the Netherlands and the UK, experiencing negative export growth, while others like the UAE and Germany saw positive growth.