India’s exports to US soar to record $11.2 bn in March, trade surplus widens sharply – India’s exports to US soar to record $11.2 bn in March, trade surplus widens sharply BusinessToday

India’s exports to the US reached a record excessive of $11.2 billion in March 2025, surpassing the $10 billion milestone for the primary time and exhibiting an almost 50% improve over the 12-month common. This improve in exports led to a complete bilateral items trade of $15 billion for the month, as reported by the US Census Bureau.

This surge in trade follows a 90-day tariff pause introduced by US President Donald Trump and a rising momentum in direction of a possible India–US trade settlement.

The sturdy export efficiency in March concluded a profitable first quarter for bilateral trade. From January to March 2025, India exported items value $27.7 billion to the US and imported $10.5 billion, ensuing in a trade surplus of $17.2 billion in India’s favour.

“India blows the doorways off its record for exports to the U.S. in March- $11.2b, first time it has crossed $10b. Nearly 50% increased than the 12-month common. Whole bilateral items trade additionally units a record- round $15b for the month,” Richard Rossow, Chair in US India Coverage Research on the Middle for Strategic and Worldwide Research, wrote on X.

As compared, whole items trade 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 Trade talks

India, going through a suspended 26% reciprocal tariff, is engaged in productive talks with the US concerning a bilateral trade settlement. It’s anticipated that India would be the first nation to efficiently negotiate a brand new trade settlement beneath President Donald Trump’s up to date trade insurance policies.

At a latest media interplay on the White Home, President Trump disclosed that India has agreed to eradicate tariffs on imports from the US. This growth comes amidst bilateral trade 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 in the world. We’re not going to put up with that, they’ve agreed already to drop it, drop it to nothing. They’ve already agreed. They wouldn’t have performed for anyone else, however me,” Trump said.

In accordance to a report by Bloomberg, India has put ahead a proposal to take away tariffs on particular US imports akin to metal, auto elements, and prescription drugs. The zero-tariff supply could be reciprocated and restricted to a predetermined quantity of imports. This proposal entails permitting obligation-free entry of sure industrial items from the US, however solely up to a specified quota. Any imports exceeding this restrict would nonetheless be topic to commonplace duties.