India remained among the United States’ key trading partners in November as the US trade deficit widened sharply, due to higher imports and a decline in exports, according to official data released on Thursday.

The nation's trade deficit rose by 94.6% in November after posting the lowest imbalance in years a month earlier, the U.S. Census Bureau reported.

The U.S. trade deficit rebounded in November, the Commerce Department said Thursday, extending a turbulent stretch for international trade flows as the economy responds to the Trump administration’s tariffs and financial volatility.

The US budget deficit shrank to $1.67 trillion for the 2025 calendar year, the smallest in three years, thanks mainly to a record surge in customs revenue.

The U.S. current account deficit shrank sharply in the third quarter, falling to its lowest level in four years as tariffs curbed imports and investment income surged. The surprise improvement beat forecasts and pushed the deficit to its smallest share of GDP since 2020.