India’s Shipments to US Slide 8.6% in October

India’s goods exports to the US dropped 8.6% year-on-year to USD 6.3 billion in October 2025, following a 12% fall in the previous month, owing to US President Donald Trump’s steep 50% tariffs that took effect in August, the Indian Express reported, citing official data released on Monday.

The 50% tariff package comprises a 25% penalty for buying Russian oil and a 25% universal tariff.

Product-wise export data to the US is yet to be released.

Overall exports of engineering goods in October plunged 16.71%.

Also declining were exports of textiles and apparel (8.34%) and gems and jewellery (25%).

Electronics exports, however, jumped 25%.

India’s trade surplus with the US, meanwhile, plunged 54%, from USD 3.17 billion in April to USD 1.45 billion in October.

In total, exports fell 11.8% yoy to USD 34.38 billion in October, while imports surged to a record USD 76.06 billion, partly driven by gold and silver purchases, resulting in a record high trade deficit of USD 41.68 billion.