India's exports to US up 5.57% to USD 60 billion in Apr-Dec FY25

During December, the shipments increased by 8.49 percent to USD 7 billion, the data showed.

The country's exports rose by 5.57 percent to USD 59.93 billion during April-December this fiscal on account of healthy demand in the American market for domestic goods, according to government data.

During December, the shipments increased by 8.49 percent to USD 7 billion, the data showed.

On the other hand, imports during the first nine months of 2024-25 grew by 1.91 percent to USD 33.4 billion, while in December it was up by 9.88 percent to USD 3.77 billion.

According to experts, going by the trend, the total trade between the two countries will continue to grow in the coming months also.

The bilateral trade during April-December 2024-25 stood at USD 93.4 billion, as against USD 94.6 billion between India and China.

The experts added that the possible trade war between the US and China will give huge export potential for Indian exporters.

The US is the largest trading partner of India from 2021-22. The US accounts for about 18 percent of India's total goods exports and over 6 percent in imports and about 11 percent in bilateral trade.

Some experts raised concerns that if the US imposes additional duties on certain Indian goods, as threatened by US President Donald Trump, it can impact trade.

In December last year, Trump had said India charges "a lot" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.

"India should respond firmly and in equal measure," economic think tank Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said.

In 2018, when the US taxed Indian steel and aluminium, India retaliated by raising tariffs on 29 US products, recovering equivalent revenue.