India’s US exports hold steady despite Trump tariffs

India's exports to the US remained resilient in the financial year 2025-26, with the US accounting for around 20 percent of India's total exports despite tariff measures imposed by President Donald Trump, according to commerce ministry data analysed by multiple outlets. Exports to the US stood at $87.31 billion in 2025-26, slightly up from $86.51 billion in the previous year, as per the Times of India. The US share of India's exports has increased from 17.4 percent in 2022-23. Tariffs on Indian goods had reached as high as 50 percent during the period before being reduced to 18 percent in February and currently stand at 10 percent.

Meanwhile, India's trade surplus with the US narrowed to $33.8 billion in FY26 from $40.8 billion in the previous year, as imports from the US grew 17 percent, more than twice the pace of overall import growth, driven largely by higher energy purchases, according to Business Today. The government has stepped up efforts to diversify export destinations, signing trade deals with the UK, Oman, the European Union, and New Zealand over the past year, though analysts say shifting substantial trade volumes to new markets will take years.

Commerce Secretary Rajesh Agrawal said India is focusing on economies that together account for more than two-thirds of global GDP to reduce reliance on any single market. The Federation of Indian Export Organizations cautioned that it could take two to three years for the impact of market diversification to become meaningful.