Shift in India's Export Dynamics Amid US Sales Decline

India's merchandise exports are diversifying as US-bound shipments decline. Despite a slight growth in total exports to USD 220 billion, the US share fell to 15% by September 2025, according to SBI's report. Exports to alternative destinations surged, aided by a government support package.

India's merchandise exports are experiencing diversification, as indicated by a decline in shipments to the US since July 2025, an SBI research report reveals.

Total merchandise exports inched up by 2.9% to USD 220 billion from April to September 2025, while the US registered a 13% growth during the same period despite negative figures in September.

The report highlights a reduced US share in India's exports, down to 15% in September due to weakened marine products and textiles, while destinations like UAE and China have gained prominence, with supporting government measures and credit guarantees bolstering export capacity.

(With inputs from agencies.)