How have India's exports jumped 20 percent, despite Trump's trade war?

"The export figures, reported this week by India's Ministry of Commerce and Industry, reflected resilient demand for Indian goods and a strategy of diversifying to new export markets, the ministry said, an approach other countries are also adopting as they look to reduce reliance on the US. India's goods exports were valued at $38.13bn in November 2025, up about 19.4 percent year-on-year. This was a reversal of the 11.8 percent year-on-year decline in exports to $34.38bn that India recorded in October."

"Imports, especially of gold, oil, and coal, also decreased by 1.88 percent, helping to shrink India's goods trade deficit to about $24.5bn, its lowest level since June. In October, the trade deficit had ballooned to $41.68bn. According to the Commerce Ministry, key drivers for strong exports included engineering goods, electronics and pharmaceuticals. Despite the new tariffs, India's exports to the US its largest single destination grew by 22 percent in November, reaching approximately $7bn."

India's goods exports rose nearly 20 percent year-on-year in November 2025 to $38.13bn, the fastest growth in three years. Exports to the United States grew about 22 percent to approximately $7bn despite a combined 50 percent US tariff including an additional 25 percent levy earlier in the year. Strong performance in engineering goods, electronics, jewellery and pharmaceuticals supported the increase. Imports, notably gold, oil and coal, fell 1.88 percent, narrowing the goods trade deficit to about $24.5bn, its lowest since June. China posted a trade surplus above $1 trillion as global trade flows shift amid US trade tensions. India diversified export markets.

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