India’s exports rose 3.02% to $220.12 billion during April–September 2025, while imports increased 4.53% to $375.11 billion, resulting in a trade deficit of $154.99 billion. Indian exporters recorded positive growth in 24 countries, reflecting strong market diversification despite a slowdown in shipments to the US. These 24 nations, accounting for 59% of India’s total exports or $129.3 billion, include Korea, UAE, Germany, Egypt, Vietnam, Russia, Mexico, Nigeria, Canada, Brazil, and Thailand, among others.
However, exports to 16 countries showed negative growth, representing 27% ($60.3 billion) of total exports. India’s exports to the US fell 11.93% in September to $5.46 billion, mainly due to Washington’s 50% tariff on Indian goods.
Despite the September dip, exports to the US during April-September were up 13.37% to $45.82 billion, while imports from the US rose 9% to $25.6 billion. Exporters said the high US tariffs are pushing India to expand into Africa, Latin America, and the Middle East, with this diversification trend expected to continue.