As US duties bite, China’s manufacturing hubs like Yiwu are finding new buyers in Europe, Africa, and Southeast Asia — keeping exports strong even as the domestic economy sputters.
Currently, the preferential trade agreement (PTA) with the Mercosur trade bloc covers about 450 tariff lines. Talks are on to expand the PTA further to cover more items across agriculture, industrial goods, pharmaceuticals, and textiles, government officials told Moneycontrol.
Unsurprisingly, exports of electronic goods, unaffected by Trump’s steeper tariffs, grew a massive 50.5 percent on-year to $3.1 billion last month, nearly double the growth registered in August.
'Import increase in September 2025 has been higher than exports. Gold, silver, fertiliser and electronics have led to the import surge,' Commerce Secretary Rajesh Agarwal said.
While India has achieved surplus production in rice and wheat, the Union agriculture minister said, the next frontier is achieving self-reliance in pulses and oilseeds. "PM Modi will be launching India's Dalhan Atmanirbharta Mission (Chana–Masoor) day after tomorrow to strengthen pulse production," he said.
The EU’s proposal to halve tariff-free import quotas and double duties to 50% on the rest may be meant to halt Chinese imports, but it could end up singeing Indian exporters too
World Bank’s Franziska Ohnsorge says AI adoption already lifting services exports; trade deals may trigger manufacturing revival
Before the ban was imposed in July 2023, India exported 500,000 metric tons of de-oiled rice bran per year, worth about Rs 1,000 crore, mainly to Vietnam, Thailand, and other Asian countries
The future of India’s steel industry hinges on overcoming key challenges to maintain leadership in the global market
Pharmexcil, the sector's leading export body, said it is prudent to stay prepared for any future policy shift and build risk-mitigation strategies.
The report said the Central government is working on resolving procedural obstacles and connecting with key trading partners
India's exports to Germany and China have gained ground, but America’s share has risen to nearly 22% of India’s outbound shipments.
Economists point out that since the additional penalty of 25 percent was imposed by the US from August 27, the impact of tariffs will be more pronounced in the trade figures for September.
The Commerce Ministry has plans to consult stakeholders to boost domestic production of engineering goods, pharmaceuticals, chemicals, and plastics, Commerce Secretary Sunil Barthwal.
That’s among the takeaways from a survey of 336 small to mid-size companies by Freightos, a Barcelona-based cargo booking platform
Facing steep 50% US tariffs, India’s gems and jewellery exporters turn to strong festive demand and tax relief at home to soften the blow. However, support from the government remains key to tide over short-term challenges
The company has delivered a close to 4x return to investors since being recommended in MC Pro’s Discovery series
Diamonds, seafood and machinery parts among the biggest opportunities, but carpets and pricing pose challenges
With 50% US tariffs is hurting Indian textile exporters, a handful of players with deep pockets are looking towards Sri Lanka and Bangladesh as a hub, to stay competitive. This may also trigger fears of transshipment penalties by US, aside of the loss of domestic value addition within India.
A more attractive mechanism for rupee trade is key to enhancing exports to Russia, as sanctions limit transactions in the US dollar
Indian exporters have rushed their US-bound shipments ahead of the August 27 tariff deadline when tariffs doubled. Exports to America have risen around 22 percent on-year till July in the current fiscal, which is higher than the trend growth rate of 17-18 percent.
Punjab received 253.7 mm of rain in August, which was not only 74% in excess of normal but also the highest the state has seen in the last 25 years. Experts warned the disaster could impact the country's public distribution system, apart from short-term paddy price inflation.
While easing geopolitical tensions between India and China offer strategic benefits, closer ties are unlikely to ease India’s export challenges due to similar export patterns, and Beijing's dominant presence in key labour-intensive sectors.
Comprehensive business model offering multi-country, multi-product solutions may reduce the impact of tariffs
Indian exporters have rushed their US-bound shipments ahead of the August 27 tariff deadline. Exports to America have risen around 22 percent on-year so far in this fiscal till July, which is higher than the trend of 17-18 percent growth rate.