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Exports

India's Merchandise Exports to US Surge, Trade Agreement Talks Underway

Strategic Insights

— 2 min read

India's merchandise exports to the US surged 23.53% to $8.3 billion in June, even as imports from the US fell 10.61% to about $4 billion. The first quarter of FY26 (April-June) saw exports to the US climb 22.18% to $25.51 billion, while imports rose 11.68% to $12.86 billion. The US retained its position as India's top trading partner during the period. India's trade with China also recorded an uptick, with exports to China jumping 17.18% year-on-year to $1.38 billion in June and rising 17.87% to $4.4 billion during the April-June period.

Key Takeaways:

  • India's merchandise exports to the US surged 23.53% to $8.3 billion in June, while imports from the US fell 10.61% to about $4 billion.
  • Exports to the US climbed 22.18% to $25.51 billion in the first quarter of FY26 (April-June), while imports rose 11.68% to $12.86 billion.
  • India's trade with China recorded an uptick, with exports to China jumping 17.18% year-on-year to $1.38 billion in June and rising 17.87% to $4.4 billion during the April-June period.
  • India's merchandise exports held steady at $35.14 billion in June, almost unchanged from $35.16 billion a year ago.
  • The trade deficit narrowed to a four-month low of $18.78 billion during the month.
  • Crude imports fell 8.37% to $13.8 billion, while gold imports dropped 25.73% to $1.9 billion.
  • Key sectors that saw contractions in June include petroleum product exports, fabrics, gems and jewellery, leather, iron ore, oil seeds, cashew, spices, tobacco, and coffee.
  • Outbound shipments of engineering goods, ready-made garments, chemicals, marine products, tea, rice, and pharmaceuticals registered positive growth during the month.
  • Electronics exports continued to be a standout performer, surging 46.93% to $4.14 billion in June.
  • India's overall exports (goods and services) are estimated at $210 billion in Q1, marking a year-on-year increase of about 6%.

Statistics:

  • India's merchandise exports to the US surged 23.53% to $8.3 billion in June.
  • Imports from the US fell 10.61% to about $4 billion in June.
  • Exports to the US climbed 22.18% to $25.51 billion in the first quarter of FY26 (April-June).
  • Imports from the US rose 11.68% to $12.86 billion in the first quarter of FY26 (April-June).
  • India's trade deficit narrowed to a four-month low of $18.78 billion during the month.
  • Crude imports fell 8.37% to $13.8 billion in June.
  • Gold imports dropped 25.73% to $1.9 billion in June.
  • Electronics exports surged 46.93% to $4.14 billion in June.
  • India's overall exports (goods and services) are estimated at $210 billion in Q1, marking a year-on-year increase of about 6%.

Sources:

  • Commerce ministry data released on Monday.
  • PTI reported.
  • Government data released on Tuesday.
  • Times of India Business Desk (TOI Business Desk).
  • Federation of Indian Export Organisations (FIEO) President S C Ralhan.

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