India`s exports to US dip 37.5% during May-September 2025: GTRI
The think tank GTRI has said that India's exports to the US have dipped 37.50% during May-September 2025 from $8.80 billion in May to $5.50 billion in September. Further, exports of pharmaceuticals, smartphones, metals and auto have declined during the period. It added that the exports of pharmaceutical products fell 15.70% from $745.60 million in May to $628.30 million in September.
It highlighted that the exports industrial metals and auto parts which face uniform tariffs for all countries, have experienced a modest drop of 16.70% from $0.60 billion to $0.50 billion. It noted that the exports of Aluminium saw 37% fall, copper exports declined 25%, auto parts exports dipped 12% and exports of iron-steel decreased 8%. It added that the dip likely reflects softer U.S. industrial activity rather than lost competitiveness, as similar duties are imposed on global suppliers.
Moreover, the exports of labour-intensive sectors such as textiles, gems and jewellery, chemicals, agri-foods, and machinery endured a 33% decline during May-September 2025, from $4.80 billion to $3.20 billion. During the same period, the shipment of textiles and garments also declined 37%, from $944 million to $597 million. Besides, marine and seafood exports have witnessed a 49% decline, from $223 million to $113 million. The US imposed a total of 50% tariff on a wide range of Indian products effective from August 27.
