India’s exports to the United States grew by 3.8% year-on-year in the 2025-26 period, with the share of exports to the US remaining stable at 19.7%. Assocham stated that despite facing challenges like steep tariffs and geopolitical tensions, India’s trade performance stayed robust.
As per Assocham, India is expected to achieve total merchandise exports ranging between $440 billion and $450 billion for 2025-26, compared to $437 billion in the previous year. The composition of India’s top ten trade partners remained largely unchanged from the previous year, with the US, UAE, China, the Netherlands, and the UK maintaining their positions.
In the April-February 2026 period, India’s exports to the US reached $79.3 billion, up from $76.3 billion in the same timeframe a year earlier. Nirmal Kumar Minda, President of Assocham, highlighted that the past financial year was challenging for India’s trade but showcased resilience.
China retained its position as India’s primary source country for imports, with its share increasing to 17% from 16%. The top ten source countries for imports also saw consistency, except for Hong Kong and Japan replacing Indonesia and Korea.
Assocham emphasized that India’s trade resilience is expected to strengthen further due to recent policy initiatives and reforms, such as the extension of the RoDTEP scheme and the approval of the BHAVYA Scheme. The industry body also noted that the extension of the Export Obligation period for specific authorizations will drive growth.
