These key points highlight significant details from the provided context about trade. They also cover export potential and the World Trade Expo. Participation of various countries and collaboration opportunities are included as well.

1. Trade Deficit: In FY24, India recorded a trade deficit of over $10 billion with certain countries. These countries are key suppliers of ores, minerals, semiconductors, and electronic spare parts. They also supply coal and agro-commodities like edible oils. These commodities are essential for India’s energy, mineral, and food security.
2. World Trade Expo: More than 30 countries participated in the fifth edition of the ‘World Trade Expo’ in Mumbai. They showcased untapped export potential for India. This is particularly clear in sectors like textiles, pharmaceuticals, chemicals, automobiles, and machineries.
3. Export Opportunities: The US offers the maximum untapped export opportunity worth $46 billion. These opportunities lie in sectors like gems and jewellery, pharmaceuticals, automobiles, and machineries.
4. Commodities: High export potential commodities in various participating countries include diamonds, agro-chemicals, iron and steel, jewellery, and motor vehicles.
5. Event Highlights: The event featured participation from developed and developing countries. These countries were from across the Americas, Europe, Africa, and Asia. They showcased trade, investment, tourism, education, and technology exchange potential.
6. Union Minister Participation: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, attended the event. He spoke in a dedicated session on ‘Green and Renewable Energy’.
7. Free Trade Agreements: India has signed free trade agreements with many countries participating in the event. These countries include Malaysia, Sri Lanka, South Korea, Mauritius, Indonesia, Vietnam, and Thailand.
8. Collaboration Areas: Collaboration with participating countries covers green energy and gender equality. It also includes skill development and climate-smart technologies. Additionally, there is a focus on the capacity building of MSMEs and startups.