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India's exports to US up 16.9c pc, imports dip 5.76 pc in May

Economic Times

Economic Times · 1m ago

India's exports to US up 16.9c pc, imports dip 5.76 pc in May

India's merchandise exports to the US increased by 16.93% to $8.83 billion in May, while imports decreased by 5.76% to $3.62 billion, as per commerce ministry data. During April-May, exports rose by 21.78% to $17.25 billion, and imports increased by 25.8% to $8.87 billion. The US was India's second-largest trading partner in this period, with significant changes in trade volumes with China, UAE, and other countries.

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India's exports to US could decline by $5.76B this year due to high tariffs: GTRI

YourStory

YourStory · 3m ago

India's exports to US could decline by $5.76B this year due to high tariffs: GTRI

India's merchandise exports to the US may decline by $5.76 billion in 2025 due to increased US tariffs, impacting sectors like marine items, gold, and electronics, according to GTRI. The US imposed a 26% tariff on Indian goods, with exemptions for pharmaceuticals and certain energy products. High-value items remain subject to standard tariffs. India is expected to face significant export reductions, though its competitive position in some sectors may offer slight cushioning against these losses.

US-China trade war sends India’s electronics imports soaring 27.5% in May, raises dumping risks

Business Today

Business Today · 1m ago

US-China trade war sends India’s electronics imports soaring 27.5% in May, raises dumping risks

India's electronics imports surged by 27.5% in May, highlighting increased dumping risks amid the US-China trade war. Meanwhile, India's exports to the US grew significantly by 17.3% to $8.8 billion, with the rise largely driven by stronger smartphone exports. The escalating trade tensions have created shifts in global supply chains, offering India both challenges in managing imports and opportunities in increasing its export share to the US market.

India’s trade gap narrows to $20.7 billion as cheaper oil, sluggish gold imports ease June deficit

Economic Times

Economic Times · 19d ago

India’s trade gap narrows to $20.7 billion as cheaper oil, sluggish gold imports ease June deficit

India's merchandise trade deficit narrowed to $20.7 billion in June 2025, down from $21.9 billion in May, due to declining crude prices, decreased gold imports, and a diversified sourcing strategy. Russian and US oil imports rose, while traditional suppliers decreased. India's petroleum product exports dropped by nearly 10%. Gold imports decreased due to soaring prices, while coal imports remained stable. Trade measures included anti-dumping duties and import restrictions. Future trade deficits depend on global commodity price trends.

Donald Trump tariffs marginally favourable for Indian smartphone exports: Crisil

Economic Times

Economic Times · 3m ago

Donald Trump tariffs marginally favourable for Indian smartphone exports: Crisil

US tariffs, particularly those initiated by President Donald Trump, may slightly benefit India's smartphone exports. While U.S. tariffs on Chinese imports stand at 245%, Indian exports face a lower tariff of 26%. This could make Indian-made smartphones more competitive, despite being priced higher than Chinese ones. However, such tariffs may increase U.S. inflation and push global manufacturers to seek markets with lower tariffs, potentially impacting India's export boost in the longer term.

Indian fuel exports escape Trump's tariff net, no Russian penalty yet

Economic Times

Economic Times · 4h ago

Indian fuel exports escape Trump's tariff net, no Russian penalty yet

India's exports of petroleum products to the US remain exempt from Trump's proposed tariffs, maintaining a favorable trade position despite his concern over India's energy ties with Russia. The US administration hasn't indicated any penalty for India's Russian crude imports. Indian fuel exports, valued at over USD 4 billion in the 2024-25 fiscal year, remain unaffected. India's reliance on Russian oil has increased since the Ukraine conflict, supplying 35-40% of its crude imports.

US tariff to hit iPhone production expansion, electronics exports

Economic Times

Economic Times · 1d ago

US tariff to hit iPhone production expansion, electronics exports

US President Donald Trump's 25% tariff on Indian imports may hinder Apple's iPhone production expansion and electronics exports. The tariff, alongside Chinese restrictions on critical components, poses a challenge for India's electronics manufacturing sector, potentially impacting exports and increasing production costs. While Apple plans to grow its iPhone production in India, meeting US demand requires significant expansion. Experts emphasize the need for India to reduce dependencies and diversify its electronics export markets.

India's merchandise trade deficit at $19.37 bln in September

Reuters · 1y ago

India's merchandise trade deficit at $19.37 bln in September

India's merchandise trade deficit in September was $19.37 billion, lower than expected, according to data released by the Indian government. The country's exports were $34.47 billion, while imports stood at $53.84 billion. Services exports and imports were also recorded, with services exports at $29.37 billion and imports at $14.91 billion in September.

Iran-Israel war escalation to impact India' s trade with West Asia, say experts

Economic Times

Economic Times · 1m ago

Iran-Israel war escalation to impact India' s trade with West Asia, say experts

The escalation of the Iran-Israel conflict poses significant threats to India's trade with West Asian countries. Experts highlight potential disruptions to shipping routes, like the Strait of Hormuz, crucial for India's crude oil imports. This could drive up oil prices and impact inflation. Key Indian exports, including agricultural goods to Iran, may suffer due to strained payment channels and heightened shipping risks. India's broader trade with the region faces risks from the evolving geopolitical tensions.

Meity in touch with commerce ministry to find way around Trump tariffs

Economic Times

Economic Times · 4m ago

Meity in touch with commerce ministry to find way around Trump tariffs

Facing potential US tariffs, India's electronics and IT ministry is in talks with the commerce ministry to address reciprocal trade issues, potentially lowering duties on US smartphone imports. This move is amidst stakeholder consultations and industry recommendations to eliminate duties on US-imported electronics. The US market is vital for India's export growth, yet impending reciprocal tariffs could impact competitiveness, pushing global supply chains away from India if not addressed. India's electronics exports heavily rely on tariff-free access to the US market.

India's May trade gap narrows, exports dip 2.2%

Economic Times

Economic Times · 1m ago

India's May trade gap narrows, exports dip 2.2%

India's goods exports fell by 2.17% in May, reaching $38.73 billion, while the trade deficit narrowed to $21.88 billion from $26.4 billion in April. Imports declined by 1.7% to $60.61 billion during the same period. Despite global uncertainties, exports to the U.S. increased, particularly in sectors like electronics and chemicals. Discussions with China on rare earth magnets and monitoring the Iran-Israel conflict's impact on trade are ongoing.

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