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Q122 (UPPCS/2021) Economy › External Sector & Trade

Among the following countries India's trade balance surplus is maximum with which country in 2019-20 ?

Explanation

According to data from the Ministry of Commerce and Industry, the USA was India's largest trading partner in the fiscal year 2019-20. India registered a trade surplus of approximately $17.42 billion with the USA, with exports valued at $53.12 billion and imports at $35.70 billion.

  • China: India consistently runs its largest trade deficit with China (about $48.66 billion in 2019-20).
  • United Arab Emirates (UAE): In 2019-20, India actually recorded a trade deficit of approximately $1.47 billion with the UAE.
  • Japan: India typically maintains a trade deficit with Japan ($7.91 billion in 2019-20).

The USA is one of the few major trading partners with which India consistently maintains a trade surplus, driven by exports of pharmaceuticals, precious stones, and textiles.

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