India’s exports grew more diversified between April and August 2025. Shipments to Germany and China increased, even as the US remained India’s largest market with a 21.9% share. Commerce Ministry data shows steady rebalancing, though US tariffs may slow gains.

BulletsIn

• US exports $40.4B, share 21.9%, still top partner
• Exports to Germany $4.7B, share up to 2.5%
• Exports to China $6.95B, share 3.8%, highest since 2022
• Germany, China shares rising after years of stability
• Netherlands down to $9.1B from $11.2B in 2024
• Singapore exports fell to $4.9B from $5.6B
• EU collective share dropped to 11.5% from 12.6%
• Middle East steady, just under 10% share
• South Asia, Asia flat, little change
• US tariffs risk slowing future export growth