According to statistics from the Commerce and Industry Ministry, Indian exporters pushed items worth over $10 billion to the US last month alone in an attempt to avoid the reciprocal tariffs that were scheduled to take effect on April 2. It also stated that this was 35% more than the shipments reported in March of the previous year.
A 90-day halt in the implementation of reciprocal tariffs on the majority of nations, including India, was declared by the US president earlier on April 9. Trump, however, concurrently increased duties on China to 145%. Exporters from all over the world rushed last month to expedite shipments before the taxes took effect, despite this halt.
India exported $10.14 billion to the United States in March, rising 35.06% from $7.51 billion in March 2024, according to figures made public by the ministry. Compared to $77.52 billion during the same period last year, exports to the US totaled $86.51 billion for the full fiscal year (April 2024 to March 2025), representing an 11.59% increase.
The ministry also disclosed that India’s total exports of goods and services in 2024–2025 hit a record $820.93 billion, a 5.50 percent increase over the previous fiscal year’s $778.13 billion. In contrast, exports of services increased 12.45% to $383.51 billion, while exports of commodities increased marginally by 0.08 percent to $437.42 billion.
In order to more than double trade from the current $191 billion to $500 billion by 2030, the US and India are now negotiating a bilateral trade deal.
In the meantime, US goods imports increased to $3.70 billion in March 2025, a 9.63% increase over March 2024. Imports increased by 7.44% to $45.53 billion over the same fiscal year, from $42.13 billion in 2023–2024.
