India’s exports rose nearly 20 percent year-on-year in November, marking the fastest growth in three years, driven mainly by shipments to the United States and China. This increase comes as many countries struggle under steep US tariffs, with the US having imposed a 25 percent tariff on India earlier this year in response to its Russian oil purchases, raising total tariffs to 50 percent.
The surge in exports coincides with China recording a trade surplus exceeding $1 trillion, reflecting shifts in global trade flows amid the Trump-era trade wars. According to India’s Ministry of Commerce and Industry, the rise reflects strong demand for Indian goods and a strategic push to diversify export markets.
Indian goods exports reached $38.13 billion in November, up 19.4 percent from last year, reversing an 11.8 percent decline in October, while imports fell 1.88 percent, narrowing the trade deficit to $24.5 billion. Key drivers included engineering goods, electronics, pharmaceuticals, jewellery, and gems, with exports to the US – India’s largest market – rising 22 percent to about $7 billion despite tariffs. Shipments to China soared 90 percent year-on-year to $2.2 billion, led by electronics and engineering goods, while exports to Spain, the UAE, and Tanzania also contributed to growth. Commerce Secretary Rajesh Agrawal highlighted that India has “held the fort” on US exports despite the tariffs, signalling resilience in key sectors.
The Indian port of Vadhavan
PLEASE SUBSCRIBE TO OUR FREE DAILY NEWSLETTER: If you would like to support our independent journalism at Good Morning World, please subscribe to our daily newsletter. It’s FREE and appears 7 mornings a week. As we prepare to install a fully-automated sign-up, in the meantime please send an email with the word SUBSCRIBE to ianrbrodie@gmail com.