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Home»Business»India’s goods exports in April jump 9%, driven by exports to US amid tariff uncertainty | Business News
Business

India’s goods exports in April jump 9%, driven by exports to US amid tariff uncertainty | Business News

May 16, 2025No Comments3 Mins Read
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India’s exports rose by 9 per cent to $38.49 billion in April — the very best in six months — pushed by elevated shipments of electronics and engineering items to the US, in accordance with information launched by the Ministry of Commerce and Trade on Thursday.

Tariff uncertainty within the US prompted a 27 per cent surge in India’s exports to Washington DC, reaching $8.4 billion in April 2025, in comparison with $6.6 billion in the identical month final yr. This comes as exporters rushed their orders to beat the reciprocal tariffs introduced by the US on April 2 that had been later suspended for 90 days.

Commerce Secretary Sunil Barthwal stated, “India’s items and companies exports have proven wholesome development in the course of the first month of the brand new monetary yr, and there are seen inexperienced shoots in sectors similar to gems and jewelry.”

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Nonetheless, the products commerce deficit widened to a five-month excessive of $26.42 billion in April, as imports additionally rose sharply by 19.12 per cent year-on-year to $64.91 billion, pushed by greater shipments of crude oil and fertilisers.

Official information confirmed that outbound shipments of electronics and engineering items grew by 39.51 per cent and 11.28 per cent to $3.69 billion and $9.51 billion, respectively.

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Furthermore, exports of tobacco, espresso, marine merchandise, tea, ready-made clothes of all textiles, rice, gems and jewelry, spices, petroleum merchandise, and prescribed drugs remained in optimistic territory.

The estimated worth of companies exports for April 2025 stood at $35.31 billion, in comparison with $30.18 billion in April 2024. Providers imports had been estimated at $17.54 billion in April 2025, up from $16.76 billion in the identical month final yr, the ministry stated.

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Pankaj Chadha, Chairman of EEPC India, stated that regardless of a number of challenges on the exterior entrance, engineering items exports have begun the fiscal yr on a robust be aware, providing hope that the sector’s outlook will stay optimistic within the coming months.

“Given the geopolitical points and uncertainties stemming from the main US commerce coverage shift, the exporting group must chalk out plans for diversifying export locations,” Chadha stated.

indianexpress

Ravi Dutta Mishra is a Principal Correspondent with The Indian Specific, protecting coverage points associated to commerce, commerce, and banking. He has over 5 years of expertise and has beforehand labored with Mint, CNBC-TV18, and different information shops. … Learn Extra

© The Indian Specific Pvt Ltd



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