India’s merchandise exports to the United States fell by 11.93% to USD 5.46 billion in September due to Washington’s 50% tariff on Indian goods imposed from August 27, according to commerce ministry data. Imports from the US, however, rose by 11.78% to USD 3.98 billion. During April–September 2025, India’s exports to the US grew 13.37% to USD 45.82 billion, while imports increased 9% to USD 25.6 billion.
Think tank GTRI noted that exports to the US dropped 17.9% from August’s USD 6.87 billion—the steepest monthly fall of 2025 and the fourth straight decline. Exports have been sliding since June, with a 37.5% overall drop between May and September, cutting shipment value by USD 3.3 billion. Sectors like textiles, gems and jewellery, engineering goods, and chemicals were hardest hit.
Meanwhile, exports to China surged 34.18% in September to USD 1.46 billion, and 21.96% during April–September to USD 8.41 billion. Imports from China also rose. Other markets showing export growth included the UAE, UK, Germany, Saudi Arabia, and Australia, while exports to the Netherlands, Singapore, and France declined.
