India's US export share holds despite tariffs
Analysis based on 6 articles · First reported Aug 19, 2026 · Last updated Aug 19, 2026
The resilience of India's export share to the US despite tariffs suggests limited near-term disruption to Indian exporters, but the diversification push may gradually reduce dependence on the US market. Trade deals with other partners could open new opportunities for Indian goods, potentially benefiting export-oriented sectors over the medium term.
Despite a year of punitive US tariffs imposed by President Donald Trump, India's share of exports to the United States remained largely unchanged at about 20% over the 12 months through July. Tariffs peaked at 50% before being reduced to 18% in February and then to 10%. In response to trade uncertainty, Prime Minister Narendra Modi's government accelerated free trade negotiations, signing deals with the United Kingdom, European Union, Oman, and New Zealand, and signed terms of reference with the Southern African Customs Union. India also added about 500 new export product lines and saw faster growth in markets such as Australia, UAE, Tanzania, Vietnam, South Korea, Sri Lanka, Kenya, and China. However, analysts note that replacing the US market will take years, and the US remains India's largest export destination.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard