India’s exports to the US reached a file excessive of $11.2 billion in March 2025, surpassing the $10 billion milestone for the primary time and exhibiting an almost 50% enhance over the 12-month common. This enhance in exports led to a complete bilateral items commerce of $15 billion for the month, as reported by the US Census Bureau.
This surge in commerce follows a 90-day tariff pause introduced by US President Donald Trump and a rising momentum in direction of a possible India–US commerce settlement.
The sturdy export efficiency in March concluded a profitable first quarter for bilateral commerce. From January to March 2025, India exported items value $27.7 billion to the US and imported $10.5 billion, leading to a commerce surplus of $17.2 billion in India’s favour.
“India blows the doorways off its file for exports to the U.S. in March- $11.2b, first time it has crossed $10b. Nearly 50% larger than the 12-month common. Whole bilateral items commerce additionally units a record- round $15b for the month,” Richard Rossow, Chair in US India Coverage Research on the Heart for Strategic and Worldwide Research, wrote on X.
As compared, complete items commerce between the 2 nations reached $129.2 billion in 2024, up from $124.1 billion in 2023. All figures are nominal and never seasonally adjusted.
India-US Commerce talks
India, going through a suspended 26% reciprocal tariff, is engaged in productive talks with the US concerning a bilateral commerce settlement. It’s anticipated that India would be the first nation to efficiently negotiate a brand new commerce settlement below President Donald Trump’s up to date commerce insurance policies.
At a current media interplay on the White Home, President Trump disclosed that India has agreed to eradicate tariffs on imports from the US. This improvement comes amidst bilateral commerce discussions between the 2 international locations and is seen as a big step, contemplating India’s traditionally excessive tariff ranges.
“India has one of many highest tariffs on the planet. We aren’t going to place up with that, they’ve agreed already to drop it, drop it to nothing. They’ve already agreed. They wouldn’t have finished for anyone else, however me,” Trump acknowledged.
In line with a report by Bloomberg, India has put ahead a proposal to take away tariffs on particular US imports equivalent to metal, auto parts, and prescription drugs. The zero-tariff provide can be reciprocated and restricted to a predetermined quantity of imports. This proposal entails permitting duty-free entry of sure industrial items from the US, however solely as much as a specified quota. Any imports exceeding this restrict would nonetheless be topic to plain duties.
