{"id":14079,"date":"2026-08-19T10:41:36","date_gmt":"2026-08-19T10:41:36","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=14079"},"modified":"2026-08-19T10:41:36","modified_gmt":"2026-08-19T10:41:36","slug":"trump-tariffs-fail-to-dent-indias-export-dependence-on-us-share-stays-near-20","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=14079","title":{"rendered":"Trump tariffs fail to dent India&#8217;s export dependence on US; share stays near 20%"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-133341405,imgsize-131836,width-400,height-225,resizemode-4\/133341405.jpg\" alt=\"Trump tariffs fail to dent India's export dependence on US; share stays near 20%\" title=\"US exports from India stood at $87.31 billion in 2025-26, up from $86.51 billion in 2024-25.\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"US exports from India stood at $87.31 billion in 2025-26, up from $86.51 billion in 2024-25.\">US exports from India stood at $87.31 billion in 2025-26, up from $86.51 billion in 2024-25.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>India\u2019s dependence on the US as its biggest export market has remained largely unchanged despite President Donald Trump\u2019s tariff measures and New Delhi\u2019s efforts to diversify trade, according to an analysis of commerce ministry data.<span class=\"id-r-component br\" data-pos=\"2\"\/>The US accounted for around 20 per cent of India\u2019s exports in the 12 months through July, broadly maintaining its share despite tariffs on Indian goods reaching as high as 50 per cent during the period. The tariff rate was later reduced to 18 per cent in February and currently stands at 10 per cent.<span class=\"id-r-component br\" data-pos=\"4\"\/><span class=\"id-r-component br\" data-pos=\"6\"\/>The US share of India\u2019s exports has also increased from 17.4 per cent in 2022-23, highlighting the difficulty of reducing dependence on the world\u2019s largest economy.<span class=\"id-r-component br\" data-pos=\"10\"\/>India exported goods worth $88.5 billion to the US in the 12 months through July, compared with $21.5 billion to China, according to calculations based on official data.<span class=\"id-r-component br\" data-pos=\"12\"\/><\/p>\n<p><h2>US remains India\u2019s biggest export destination<\/h2>\n<\/p>\n<p>The US continued to lead India\u2019s export destinations in 2025-26, with exports worth $87.31 billion, compared with $86.51 billion in the previous financial year.<span class=\"id-r-component br\" data-pos=\"15\"\/>The UAE was the second-largest destination at $37.37 billion, followed by China at $19.48 billion. India\u2019s exports to China, however, rose sharply, increasing 42 per cent in the 12 months through July.<span class=\"id-r-component br\" data-pos=\"19\"\/>Other major markets included the Netherlands at $17.50 billion and the UK at $13.44 billion.<span class=\"id-r-component br\" data-pos=\"21\"\/><span class=\"id-r-component br\" data-pos=\"23\"\/>India has also expanded the range of products it exports, adding around 500 product lines, mainly in electronics, engineering and marine products.<span class=\"id-r-component br\" data-pos=\"25\"\/>The US remains particularly important for Indian exports of electronics, engineering goods, pharmaceuticals, gems and jewellery and textiles. <!-- -->Despite months of negotiations, India and the US have yet to formally conclude their broader trade agreement.<span class=\"id-r-component br\" data-pos=\"29\"\/>Meanwhile, exports to several smaller markets, including Tanzania, Vietnam, South Korea, Sri Lanka and Kenya, have recorded strong growth, although their overall contribution remains much smaller than that of the US.<span class=\"id-r-component br\" data-pos=\"31\"\/>Pritam Banerjee, a trade analyst and former head of the Centre for WTO Studies, said free trade agreements could help India attract manufacturing away from China, but warned that the opportunity may be limited.<span class=\"id-r-component br\" data-pos=\"34\"\/>He said deeper integration with G20 economies, which account for about 85% of global GDP, as well as markets in Latin America, the Middle East and Africa, could help India accelerate that shift.<span class=\"id-r-component br\" data-pos=\"36\"\/><\/p>\n<p><h2>India steps up trade diversification<\/h2>\n<\/p>\n<p>The uncertainty around US trade policy has prompted India to accelerate negotiations with other major markets and seek new export destinations.<span class=\"id-r-component br\" data-pos=\"39\"\/>India signed a trade deal with the UK, which came into effect in July, while agreements with the European Union, Oman and New Zealand were also concluded in 2026 but are yet to take effect.<span class=\"id-r-component br\" data-pos=\"42\"\/>India has also resumed or stepped up trade negotiations with several other markets, including the Gulf Cooperation Council, Canada, Israel, Peru, Chile and the Southern African Customs Union.<span class=\"id-r-component br\" data-pos=\"44\"\/>\u201cThe industry has become extremely cautious of the fact that they have to diversify as a strategy to de-risk,\u201d Ajay Sahai, director general of the Federation of Indian Export Organizations, said. \u201cAnd from that perspective, I think it\u2019s a very good lesson the US tariff war taught us.\u201d<span class=\"id-r-component br\" data-pos=\"48\"\/>Sahai said it could take two to three years for the impact of market diversification to become meaningful, while noting that the US remained the most attractive export market for Indian businesses.<span class=\"id-r-component br\" data-pos=\"50\"\/>Commerce Secretary Rajesh Agrawal said India was focusing on economies that together account for more than two-thirds of global GDP.<span class=\"id-r-component br\" data-pos=\"52\"\/>\u201cIn an environment of global uncertainty and shifting trade patterns, FTAs also serve as institutional anchors for trusted economic partnerships,\u201d Agrawal said, adding that the agreements were aimed at reducing reliance on any single market.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/trump-tariffs-fail-to-dent-indias-export-dependence-on-us-share-stays-near-20\/articleshow\/133341405.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US exports from India stood at $87.31 billion in 2025-26, up from $86.51 billion in 2024-25. India\u2019s dependence on the US as its biggest export market has remained largely unchanged despite President Donald Trump\u2019s tariff measures and New Delhi\u2019s efforts to diversify trade, according to an analysis of commerce ministry data.The US accounted for around [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-14079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"US exports from India stood at $87.31 billion in 2025-26, up from $86.51 billion in 2024-25. India\u2019s dependence on the US as its biggest export market has remained largely unchanged despite President Donald Trump\u2019s tariff measures and New Delhi\u2019s efforts to diversify trade, according to an analysis of commerce ministry data.The US accounted for around [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":4,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/133341405.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-31\">\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/14079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14079"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/14079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/14080"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}