India’s Exports to US Surge 20% in July; Bilateral Trade Hits New High

India’s trade ties with the United States reached a new high in July 2025, as exports surged by nearly 20% year-on-year to $8.01 billion, according to data released by the Ministry of Commerce and Industry. Imports also climbed by 13.78%, standing at $4.55 billion for the month. The US has firmly emerged as India’s largest trading partner during the April–July period of FY 2025–26, bolstered by consistent trade growth and ongoing negotiations for a bilateral trade agreement.

July 2025: Monthly Trade Snapshot

Key Numbers

• Exports to the US: $8.01 billion (↑ 19.94%)
• Imports from the US: $4.55 billion (↑ 13.78%)

The growth in exports reflects strong demand for engineering goods, pharmaceuticals, textiles, IT products, and automotive components—sectors that have historically driven India-US trade.

April–July 2025: Cumulative Growth

Trade Figures

• Exports to US: $33.53 billion (↑ 21.64%)
• Imports from US: $17.41 billion (↑ 12.33%)
• Total bilateral trade: $50.94 billion

With this, the US tops the list of India’s trading partners in the first four months of the fiscal year, outpacing China, the UAE, and the EU.

India–US Trade Agreement in Progress

Ongoing Talks

• A bilateral trade agreement between India and the US is currently under negotiation.
• The sixth round of talks is scheduled in New Delhi starting August 25, 2025.

The agreement is expected to address,

• Tariff reductions
• Market access for Indian pharma and textiles
• Technology transfers
• Digital trade norms

This trade pact is viewed as a catalyst to deepen strategic and economic cooperation, supporting India’s goals under its “Make in India” and export-led growth strategies.

Comparative Trade Trends with Other Countries

Exports Rising to China and Others

• China: $1.34 billion in July (↑ 27.39%)
• April–July exports to China: $5.75 billion (↑ 19.97%)

Other countries that saw positive export growth from India in July,

• UAE
• UK
• Germany
• Brazil
• Bangladesh
• Italy

Decline in Exports to Some Nations

• Netherlands
• Singapore
• Saudi Arabia
• Australia
• France
• South Africa

Mixed Trends in Imports

• Imports declined from UAE, Russia, Indonesia, Qatar, and Taiwan.
• Imports increased from Saudi Arabia, Singapore, South Korea, Japan, Hong Kong, and Thailand.
• These variations reflect India’s diversifying trade engagements amidst evolving global economic dynamics.