- By Shubham Bajpai
- Sun, 02 Nov 2025 10:36 PM (IST)
- Source:JND
Months after the Trump administration's tariff took effect, the data from think tank GTRI states that India's exports to the United States have dropped sharply by 37.5 per cent between May and September.
In May 2025, the exports to the US were at USD 8.8 billion which fell to USD 5.5 billion in September, the GTRI stated on Sunday.
The report said that the exports of pharmaceuticals, smartphones, metals and autos have declined during the period.
The pharmaceutical product exports dropped by 15.7 per cent from USD 745.6 million to USD 628.3 million for the same period.
Industrial metals and auto parts, which face uniform tariffs for all countries, saw a modest 16.7 per cent drop, from USD 0.6 billion to USD 0.5 billion.
On the other hand, the Aluminium exports fell by a whopping 37 per cent, followed by copper 25 per cent, auto parts 12 per cent, and iron-steel 8 per cent.
GTRI Founder Ajay Srivastava, however, said that there are similar duties on global suppliers and so the dip likely reflects softer US industrial activity rather than lost competitiveness.
Srivastava added that labour-intensive sectors such as textiles, gems and jewellery, chemicals, agri-foods, and machinery endured a 33 per cent decline, from USD 4.8 billion to USD 3.2 billion.
"The impact here was both deep and widespread," he said. The solar panel export also dropped 60.8 per cent from USD 202.6 million to USD 79.4 million.
In textiles and garments, shipments fell 37 per cent, from USD 944 million to USD 597 million between May and September.
"Garments were down 44 per cent, home textiles 16 per cent, and yarn and fabrics 41 per cent," he said adding marine and seafood exports declined 49 per cent, from USD 223 million to USD 113 million, dealing a severe blow to one of India's most labour-intensive export sectors.
The tariff of 50 per cent was announced by US President Donald Trump which came into effect on August 27.
(With PTI Inputs)