India's Exports to US Plummet 37.5% in May-September 2025
India's exports to the US fell 37.5% from May to September 2025, dropping from $8.8 billion to $5.5 billion. Pharmaceuticals, smartphones, metals, auto parts, textiles, gems, and solar panels were among the hardest hit, with tariffs reaching 50% in August. The decline reflects both tariff impacts and softer US demand.
India's exports to the United States experienced a sharp 37.5% decline between May and September 2025, falling from $8.8 billion to $5.5 billion, according to the Global Trade Research Initiative (GTRI). The drop affected a wide range of sectors, including pharmaceuticals, smartphones, metals, auto parts, textiles, gems, and solar panels. Pharmaceutical exports fell 15.7%, while industrial metals and auto parts saw a 16.7% decline. Aluminium exports dropped 37%, copper 25%, auto parts 12%, and iron-steel 8%. Labour-intensive sectors such as textiles, gems, chemicals, agri-foods, and machinery saw a 33% fall, with textiles and garments down 37% and marine and seafood exports down 49%. Solar panel exports plunged 60.8%. The US imposed a 50% tariff on many Indian products starting August 27, contributing to the downturn. The impact was both deep and widespread, affecting India's most competitive export sectors.
