India’s exports to the US have dipped 37.5 per cent during May-September 2025 from $8.8 billion in May to $5.5 billion in September, think tank GTRI said on Sunday.
It said that exports of pharmaceuticals, smartphones, metals and auto have declined during the period.
Pharmaceutical product exports dipped 15.7 per cent from $745.6 million in May to $628.3 million in September. Industrial metals and auto parts facing uniform tariffs for all countries saw a modest 16.7 per cent drop, from $0.6 billion to $0.5 billion.
Aluminium exports fell 37 per cent , copper 25 per cent, auto parts 12 per cent and iron-steel 8 per cent, GTRI Founder said, adding that with similar duties on global suppliers, the dip likely reflects softer US industrial activity rather than lost competitiveness.
He added that labour-intensive sectors such as textiles, gems and jewellery, chemicals, agri-foods and machinery endured a 33 per cent decline, from $4.8 billion to $3.2 billion.
“The impact here was both deep and widespread,” he said.
Exports of solar panels dropped 60.8 per cent from $202.6 million in May to $79.4 million in September.
In textiles and garments also, shipments fell 37 per cent, from $944 million to $597 million.
“Garments were down 44 per cent, home textiles 16 per cent and yarn and fabrics 41 per cent,” he said adding marine and seafood exports declined 49 per cent, from $223 million to $113 million, dealing a severe blow to one of India’s most labour-intensive export sectors.
The US imposed a total of 50 per cent tariff on a wide range of Indian products effective from August 27.
