In numbers: How India's exports to US shrunk post-Trump's August tariffs

The September slump represents the lowest export figure since November 2024 when India’s exports to the US were $5.7 billion

Nov 26, 2025, 17:00 IST1 min

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Exports hit a 10-month low: India’s exports to its largest partner, the United States, hit a 10-month low of $5.47 billion in September, indicating a sharp contraction in overall trade.

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Pushing USA’s Export Share to Lowest in Over 2 Years: Escalating trade tensions, driven by the steep tariffs imposed by the Trump administration in August, have caused India’s exports to the US to shrink to their lowest share in over two years.

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In a First, Sep Growth Turns Negative: Growth in exports entered the negative category for the first time this year

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Gems and Jewellery Exports Dip: The drop in September, the first full month under the US tariffs, was concentrated in traditional industries that employ a huge workforce like gems and jewellery, textiles and agricultural products

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Exports Hit Low: Several other export items also recorded double-digit declines.

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But Some Items See an Uptick: A handful of high-tech and industrial sectors, however, have demonstrated some growth in exports.

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Electronics Stay Under $2 bln: And even though electronics exports show a 124 percent (y-o-y) increase in September, driven mainly by smartphones, this total represents the lowest monthly figure recorded this year.

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Crude Trade: US crude oil imports climbed 10.5 percent the same month, a rise that contrasts sharply with the 7 percent dip in India’s overall crude imports.