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US President Donald Trump imposed 50% tariffs connected India successful August, 25% of which is simply a punishment for India’s crude lipid imports from Russia. (AI image)
India’s exports to the US person grown successful October implicit September, contempt the 50% tariffs imposed by American President Donald Trump connected Indian goods. However, the exports to the US for October person registered a diminution of 8.58% compared to October 2024.
Global Trade and Research Initiative (GTRI) laminitis Ajay Srivastava notes that US-bound merchandise exports from India reached $6.3 cardinal successful October, showing a 14.5% summation from September, marking the archetypal monthly maturation since May contempt the 50% tariffs.US President Donald Trump imposed 50% tariffs connected India successful August, 25% of which is simply a punishment for India’s crude lipid imports from Russia. “Although October 2025 exports of $6.3 cardinal are 8.6% little than the $6.9 cardinal recorded successful October 2024, the month-on-month emergence from September is simply a invited improvement,” says GTRI.“Product-wise information for the USA for October are not yet available, but tariff-exempt sectors specified arsenic smartphones and pharmaceuticals whitethorn person performed better—though this remains lone a tentative assumption. Despite the October rebound, India’s shipments to the US person dropped astir 28.4% betwixt May and October, erasing much than $2.5 cardinal successful monthly export value,” GTRI adds.
| Month | Export Value (US$ Bn) | Change vs Previous Month (%) | US tariffs connected India Goods successful summation to MFN duties |
| April | 8.4 | – | 10% |
| May | 8.8 | 4.8 | 10% |
| June | 8.3 | –5.7 | 10% |
| July | 8 | –3.6 | 10% |
| August | 6.9 | –13.8 | 10%-Aug 1-Aug 6 25%-Aug 7-Aug 26 50%-Aug 27-Aug 31 |
| September | 5.5 | –20.3 | 50% |
| October | 6.3 | 0.145 | 50% |
Source: GTRI
India’s commercialized data: Top Highlights
India's aggregate exports declined 11.8% year-on-year successful October, indicating wide planetary request softness.
Among India's apical 20 markets, lone 5 showed maturation successful October, with Spain (+43.4%) and China (+42.3%) showing highest increases. Spain led chiefly owed to enhanced petroleum merchandise exports, whilst China. Hong Kong (+6.00%), Brazil (+3.54%), and Belgium (+2.22%) showed humble improvements.The remaining 15 destinations saw drops, indicating wide outer challenges. The United States (-8.58%) and UAE (-10.17%) showed mean declines.
Substantial reductions occurred successful Singapore (-54.85%), Australia (-52.42%), Italy (-27.66%), UK (-27.16%), and the Netherlands (-22.75%). Additional declines were noted successful Malaysia (-22.68%), Korea (-16.43%), Germany (-15.14%), France (-14.28%), Bangladesh (-14.10%), Nepal (-12.64%), South Africa (-7.54%), and Saudi Arabia (-1.12%).Imports of golden roseate by 188.2% whilst metallic accrued by 528.7%, pushing full imports to $73.2 billion, contempt gems and jewellery exports declining by 29.5%.Following May 2025's maturation of 4.8% to $8.8 billion, exports declined consistently: June showed -5.7% to $8.3 billion, July registered -3.6% to $8.0 billion, August saw -13.8% to $6.9 billion, and September experienced -20.3%, earlier showing signs of betterment successful October.India recorded a important summation successful its merchandise imports, which reached $73.2 cardinal successful October 2025, showing a 16.5% growth. The emergence was chiefly attributed to important increases successful precious metals purchases.The country's golden imports witnessed a singular summation of 188.2%, totalling $14.7 billion. Similarly, metallic imports demonstrated an exceptional maturation of 528.7%, amounting to $2.7 cardinal compared to the erstwhile year's figuresThis important summation successful precious metallic imports is peculiarly important arsenic India's gems and jewellery exports declined by 29.5% successful October. This inclination suggests that the imported golden and metallic are chiefly serving home depletion alternatively than being utilised for export-oriented manufacturing.
