Trump slaps tariff on Iran’s trade partners. How will it impact India? | India News<\/a><\/p>\nChina emerges as bright spot<\/p>\n
India\u2019s exports to China surged 37% to $14.25 billion in April-December 2025 from $10.42 billion in the same period of the previous year. \u201cWe are also doing very well in China, where the growth has been very good,\u201d Agrawal said.<\/p>\n
The growth accelerated sharply after the US tariff action, with December exports to China jumping 67.3% to $2.05 billion from $1.22 billion a year earlier. Indian exporters of marine products, hit by US tariffs, diversified significantly to China and other markets, the commerce secretary said.<\/p>\n
Merchandise imports from China also rose just over 13% year-on-year to $95.95 billion in the first nine months of 2025-26.<\/p>\n
India has also raised energy imports from the US, with purchases growing 13% to $39.43 billion in the nine-month period. December imports rose 7.57% to $3.75 billion.<\/p>\n
Electronic goods exports increased 16.78% to $4.17 billion in December 2025 from $3.57 billion a year earlier. For the nine-month period, electronics exports surged over 35% to $35.27 billion from $26.12 billion, benefiting from exemption from higher US tariffs.<\/p>\n
Marine products exports, despite being hit by US tariffs, registered double-digit growth through diversification. December shipments rose 11.73% to $0.81 billion, while nine-month exports grew 15.53% to $6.56 billion.<\/p>\n
Other leading export sectors include meat, dairy and poultry products, drugs and pharmaceuticals, and engineering goods. Besides China, India\u2019s exports are expanding in the UAE, Malaysia, Hong Kong and Spain, Agrawal said.<\/p>\n
India\u2019s top export destinations\u2014the US, the UAE, China, the Netherlands, the UK, Germany, Bangladesh, Singapore, Saudi Arabia and Hong Kong\u2014demonstrate a well-diversified and resilient export footprint, Ralhan said. \u201cThis diversification is particularly critical at a time when global trade routes are being reshaped due to geo-political conflicts, sanctions, shipping disruptions and strategic realignments,\u201d he added.<\/p>\n
Estimated services exports in December 2025 stood at $35.50 billion, down about 4% from $36.97 billion in December 2024. However, Agrawal said the estimate may be revised upward once actual data is collected. Services figures for December are estimates based on conservative extrapolation of the previous month\u2019s numbers, as the central bank releases figures with a lag.<\/p>\n
Services exports are growing faster than merchandise exports and are expected to add about another $100 billion in the last quarter of fiscal 2026, he said.<\/p>\n
Merchandise imports grew 8.76% to $63.55 billion in December 2025 from $58.43 billion a year earlier. Cumulatively, imports rose 5.9% to $578.61 billion in April-December 2025 from $546.36 billion in the corresponding period of the previous fiscal year.<\/p>\n
Ralhan said the higher imports of \u201cenergy products, electronics, machinery and industrial inputs are indicative of robust domestic manufacturing activity, infrastructure expansion and investment demand, which augur well for medium-term economic growth.\u201d<\/p>\n
While imports from China and the US surged, purchases from Russia saw a sharp fall, ostensibly because of American sanctions against the purchase of Russian crude oil. Imports from Russia declined 2.77% year-on-year to $4.16 billion in December 2025, and fell 9.41% to $44.97 billion during April-December 2025.<\/p>\n
Globally, all countries are \u201cre-calibrating\u201d their supply chains, Agrawal noted.<\/p>\n","protected":false},"excerpt":{"rendered":"Defying global headwinds and hefty US tariffs, India\u2019s merchandise exports increased 1.9% to $38.51 billion in December from…\n","protected":false},"author":2,"featured_media":410234,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,178321,101,1669,196900,131948,7729],"class_list":["post-410233","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-china-exports","tag-economy","tag-export-growth","tag-india-merchandise-exports","tag-trade-data","tag-us-tariffs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/410233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=410233"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/410233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/410234"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=410233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=410233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=410233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Crucially,](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/01\/Crucially--shipments-to-the-US-rose-nearly-10--yea_1768503438988.jpg\" "\\"Crucially,")
Crucially, shipments to the US rose nearly 10% year-on-year to $65.88 billion in April-December 2025 from $60.03 billion in the corresponding period last year. (AFP\/Representational Image)<\/p>\n