Exports News - Latest Updates & Headlines
US 125% tariff on China could fuel India's exports by small firms made products: GTRI
New Delhi, April 16: The US crackdown, which has imposed 125 per cent import tariffs on China, has unexpectedly created a rare opportunity for India's small manufacturers, offering them a short-term export window, said the Global Trade Research Initiative (GTRI) on Wednesday.
India's organic food exports register 35 pc jump, to cross $665 million in FY25
New Delhi, April 16: India’s export of organic food products registered a robust 35 per cent increase to $665.96 million (around Rs 5,700 crore) during the financial year ended on March 31, 2025 compared to the corresponding figure of $494.80 million in 2023-24, according to the latest data released by the government.
India's exports of goods and services up 2.65 pc at $73.6 billion in March
New Delhi, April 16: India’s total exports (merchandise and services combined) saw a 2.65 per cent annual growth at $73.61 billion in the month of March, the Ministry of Commerce and Industry data showed on Wednesday.
NITI Aayog's $25 billion export plan to support domestic manufacturers in India: Suman Bery
New Delhi, April 15: The NITI Aayog’s $25 billion export roadmap to boost India's hand and power tools sector is not just about tapping global opportunities, but about creating the right conditions at home for Indian businesses to thrive, the government think tank's Vice Chairman Suman Bery said on Tuesday.
FIEO urges Centre for strategic support to sustain trade growth momentum
New Delhi, April 15: The Federation of Indian Exports Organisations (FIEO) on Tuesday urged the Centre for strategic support to sustain trade growth momentum, as overall exports grew by a healthy 5.5 per cent in FY25, reaching $820.93 billion.
India's total exports touch record $820.93 billion in 2024-25 despite global challenges
New Delhi, April 15: India's total exports of goods and services increased by 5.5 per cent to a record $820.93 billion during the financial year ended March 31, 2025, compared to $773 billion in the previous fiscal year, despite the uncertainties in the global market, according to Commerce Secretary Sunil Barthwal.
India can triple automotive exports to $60 bn by 2030, create 2.5 mn direct jobs
New Delhi, April 15: With the right enabling conditions for the automotive sector, India can triple exports to $60 billion, generate a $25 billion trade surplus, and create over 2-2.5 million direct jobs by 2030, propelling it toward becoming a globally competitive, innovation-driven manufacturing hub, the government said on Tuesday.
Passenger vehicle sales in India hit record high of 43 lakh units in FY25: Report
New Delhi, April 15: India’s auto industry achieved a new milestone in the financial year ending March 2025, with passenger vehicle sales rising to a record 43 lakh units, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
S. Korean auto exports up in March, shipments to US down 10 pc
Seoul, April 15: South Korea's car exports inched up from a year earlier in March, driven by rising demand from Asian nations while shipments to the United States dropped sharply ahead of the start of US tariffs on auto imports, data showed on Tuesday.
EU's exports of medicinal, pharma products up by 13.5 per cent in 2024
Brussels, April 15: In 2024, EU exports of medicinal and pharmaceutical products increased by 13.5 per cent compared with 2023, reaching Euro 313.4 billion. At the same time, imports only recorded a modest increase of 0.5 per cent, amounting to Euro 119.7 billion, according to figures published by Eurostat, the statistical office of the European Union.
Won-based export settlements drop in 2024: BOK
Seoul, April 14: The proportion of South Korean exports settled in the local currency declined in 2024 due mainly to relatively weak growth in auto exports, central bank data showed on Monday.
Smartphone makers remain cautious over unpredictable US tariff policies
Seoul, April 14: South Korean smartphone and personal computer makers are staying cautious as unpredictable US tariff policies increase uncertainty around their future production strategies.
US plans to hike tariffs on pharma products, China first in firing line
New Delhi, April 13: The US is planning to go in for a tariff hike on pharmaceutical products, especially those being imported from China, in the next month or two, Commerce Secretary Howard Lutnick said in an interview with a media outlet on Sunday.
US textile importers ask Indian businesses to soak additional costs, say executives
New Delhi, April 13: Textile importers based in the US are reaching out to Indian exporters, asking them to bear the costs that may emanate from the US tariffs going forward, two industry executives told ANI.
US tariffs on low value Chinese e-commerce shipments opens doors for Indian exporters: GTRI
New Delhi, April 13: The US crackdown on low-value Chinese e-commerce shipments has opened a rare and potentially lucrative window for Indian exporters, said GTRI in a report.
90-day pause a welcome announcement from US, says Shruti Rajagopalan
New Delhi, April 13: Senior research fellow Shruti Rajagopalan welcomed America's decision to pause the trade tariffs for a window of 90 days and expressed her views on the global trade order. She also spoke about the steps Indian policymakers can adopt to make exports more competitive. Rajagopalan made the remarks on the sidelines of the Carnegie Global Tech Summit.
Production of Apple iPhones in India surges 60 pc to Rs 1.89 lakh crore in 2024-25
New Delhi, April 19: Apple India has recorded a 60 per cent jump in iPhone production from its Indian supply chain with a turnover close to Rs 1.89 lakh crore during the financial year ended March 31, 2025, according to industry data.
US exemption on electronics: India has clear tariff edge over China
New Delhi, April 13: Industry leaders and experts on Sunday welcomed the Donald Trump administration's decision to exempt smartphones, computers and other electronics imported to the country from reciprocal tariffs -- a move which has given India a definitive edge over China.
India's auto component industry to hit USD 145 billion by 2030, exports to triple: NITI Aayog
New Delhi, April 12: India's top policy think tank body NITI Aayog has envisions the country's automotive component production growing to USD 145 billion by 2030, with exports tripling from USD 20 billion to USD 60 billion.
Bangladesh business leader urges India to withdraw ban on transshipment
Dhaka, April 11: An influential Bangladeshi business leader on Friday has urged India to withdraw ban on transshipment.
Who's going to pay price to bring back manufacturing in US, asks Biocon MD amid possibility of tariffs on pharma
New Delhi, April 11: Siddharth Mittal, CEO and Managing Director of Biocon Limited, on Friday questioned who would pay the price to shift their establishments to the US where pharma manufacturing costs are higher than in India and China.
Smartphones now India's largest export commodity, total production hits Rs 5.24 lakh cr
New Delhi, April 11: Smartphones have now become India's single largest export commodity, crossing an all-time high of Rs 2,00,000 crore in FY25 which is a staggering 55 per cent annual growth, the India Cellular and Electronics Association (ICEA) said on Friday.
Suppliers scramble to respond to looming US auto parts tariffs
Seoul, April 11: South Korean auto parts suppliers are scrambling to respond to new US tariffs on imported vehicles and automotive parts, industry insiders said on Friday, arguing the tariffs not only pose a serious challenge to automakers, including local industry leader Hyundai Motor Group, but also threaten to disrupt the broader industry supply chain.
Reciprocal tariff policy opens new horizons for India's global trade strategy: Nitin Gadkari
Bhopal, April 10: While inspecting the ambitious Multimodal Logistics Park - a project valued at an astounding 1,200 crore rupees and situated in the Pithampur industrial area, roughly 30 kilometers from Indore - the Union Minister for Roads and Highways Nitin Gadkari recognised remarkable potential for growth and development.
Trade body seeks interim Textile Exports Protection Scheme as US pauses tariffs
New Delhi, April 10: The Confederation of Indian Textile Industry (CITI) on Thursday said that the 90-day relief in US reciprocal tariffs will bring short-term respite to the Indian textile and apparel exporters, who were bracing for higher tariff barriers, urging the government to introduce an interim Textile Exports Protection Scheme.
India's exports surge to record $820 billion in 2024-25 despite global challenges
New Delhi, April 10: India's goods and services exports have crossed a record $820 billion in financial year 2024-25, which represents a close to 6 per cent increase over the corresponding figure of $778 billion for the previous financial year, despite the economic uncertainties in global markets, according to data compiled by the Commerce Ministry.
Piyush Goyal encourages exporters to take long term view of India-US trade
New Delhi, April 9: Union Minister of Commerce and Industry, Piyush Goyal, on Wednesday held discussions with the Export Promotion Councils and industry bodies here in the light of the emerging trade scenario.
Will announce a major tariff on Pharma shortly, says US President Donald Trump
Washington DC, April 9: US President Donald Trump continues to be belligerent on his policy of reciprocal Tariffs despite strong opposition both within the US and outside. On Tuesday night (local time), the US President announced that Tariffs on the Pharma sector were coming soon. The sector has so far been exempt from the Tariffs.
Component PLI to further boost electronics exports, generate jobs
New Delhi, April 9: As smartphone exports surpassed Rs 2 lakh crore in FY25, with iPhones alone accounting for approximately Rs 1.5 lakh crore, the IT Ministry has notified the Rs 22,919 crore Electronics Components Manufacturing Scheme (ECMS), marking a significant step towards strengthening India's position as a global hub for electronics manufacturing.
Prez Trump warns reprieve for pharmaceuticals, major Indian export, to end 'shortly'
New York, April 9: US President Donald Trump has warned that the reprieve for pharmaceuticals – a major Indian export – from his repressive retaliatory tariffs would end soon.
Electronic exports have increased more than 6 times in last 10 years: Union Minister Ashwini Vaishnaw
New Delhi, April 8: Union Minister Ashwini Vaishnaw addressing a press conference in the national capital on Sunday said that electronic exports have increased more than six times in the last ten years.
India's mobile phone exports surpass Rs 2 lakh crore: Ashwini Vaishnaw
New Delhi, April 8: India's smartphone exports have reached a historic milestone, crossing Rs 2 lakh crore in the previous fiscal year 2024-25, announced Ashwini Vaishnaw, Minister of Electronics and Information Technology, during a press conference here on Tuesday.
PLI push: India's smartphone exports cross Rs 2 lakh crore for 1st time in FY25
New Delhi, April 8: India's smartphone exports touched a new milestone in the financial year 2024-25 (FY25), as it crossed Rs 2 lakh crore for the first time, Union Minister for Electronics and IT, Ashwini Vaishnaw, said on Tuesday.
Apple may export more iPhones from India amid global uncertainties: Report
New Delhi, April 8: Tech giant Apple is planning to increase its iPhone exports from India to the United States in an effort to avoid the high tariffs placed on Chinese goods.
Bangladesh's Yunus writes to Trump, requests three-month suspension of counter-tariffs
Dhaka, April 7: Muhammad Yunus, Chief Advisor of the interim government in Bangladesh, has written a letter to US President Donald Trump on Monday, requesting him to postpone the application of reciprocal tariff measures on the country's exports to the United States for three months.
Andhra CM Chandrababu Naidu writes to Commerce Minister Piyush Goyal, urging support for aqua farmers amid US duty hike
Amaravati, April 7: Andhra Pradesh Chief Minister Chandrababu Naidu has appealed to the Centre to stand by the aqua sector or fish farming products, which are facing loss due to heavy duty being levied by the United States, a release said on Monday.
Abu Dhabi's non-oil foreign trade records 9 pc growth in 2024
Abu Dhabi, April 7: Abu Dhabi Customs reported a 9 per cent increase in the emirate's non-oil foreign trade in 2024, reaching AED306 billion, compared to AED281.9 billion in 2023, reflecting the vitality of the emirate's economy and its growing relations with trading partners around the globe.
India's telecom, agriculture most affected by US tariffs; telecom has competitive edge: Report
New Delhi, April 7: India's telecom and agriculture sectors are among the worst-affected sectors by the US President Donald Trump's tariffs, highlighted the data shared by a report of EY.
Improved balance sheets of sugar mills to firm up profitability this season: Centrum report
New Delhi, April 7: An improvement in the balance sheets of sugar mills driven by robust closing inventory forecast is likely to firm up their profitability in the current season, as per a sectoral report by Centrum Broking.
India's export in 2025 to US may decline by 6.41%, as a result of the Trump tariffs: GTRI
New Delhi, April 7: India could see a decline of USD 5.76 billion or 6.41 per cent in exports to the United States (US) because of the tariffs, in 2025, said a research report by the Global Trade Research Initiative (GTRI).