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India's gem and jewellery exports witnessed a 5.79 per cent on-year decline in January to USD 2,238.54 million amid global trade headwinds and tariff-related pressures in key markets, the Gem and Jewellery Export Promotion Council (GJEPC) said on Friday. The overall exports stood at USD 2,376.02 million in January 2025, for the same period of the previous year, GJEPC said in a statement. However, overall exports remained steady during the April 2025-January 2026 period with a marginal decline of 0.64 per cent at USD 23,185.87 million, as compared to USD 23,334.73 million for the same period of the previous year. The export outcome was significantly influenced by a sharp contraction in shipments to the United States, India's largest gem and jewellery export destination, where exports declined by over 45 per cent due to elevated tariffs and pricing disadvantages. Meanwhile, India has successfully diversified its export markets, and during April 2025 - January 2026, exports to the Uni
India's imports from China have declined in multiple sectors such as fertilisers, chemicals, iron and steel and man-made yarn in 2024-25, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said mobile phone imports have decreased from Rs 48,609 crore in 2014-15 to Rs 3,710 crore in 2024-25. On the other hand, the export of mobile phones has increased from Rs 1,566 crore in 2014-15 to more than Rs 2,05,017 crore in 2024-25. "In 2024-25, a decline in imports from China was observed across several sectors compared to the previous year. For example, imports fell sharply in fertilisers (61.4 per cent), followed by residual chemicals and allied products (19.7 per cent), iron and steel (10.3 per cent), and man-made yarn (9.5 per cent)," he said. He added that the government encourages Indian business establishments to explore alternative suppliers and to diversify their supply chains to reduce dependency on .
India's exports to China posted a USD 5.5 billion increase compared to last year bucking the declining trend even as the trade deficit hit a record USD 116.12 billion, as per the annual trade data released by Chinese customs here on Wednesday. Bilateral trade, too, surged to an all time high to USD 155.62 in 2025, according to the data. Indian exports to China which over the years struggled to make headway climbed to USD 19.75 billion between January and December last year, posting a 9.7 per cent increase, amounting to USD 5.5 billion, according to the data. At the same time, Chinese exports to India increased 12.8 per cent to USD 135.87 billion last year. While trade is picking up from both countries, the total bilateral trade surged to a record high of USD 155.62 billion in 2025, the year in which both countries faced US President Donald Trump's tariff hikes. The trade deficit -- a constant problem in India-China trade -- touched a record high of USD 116.12 billion, crossing the