Trade Exports

3-fold jump led by Apple boom offsets slump in other sectors

Though largely routed via UAE, India's basmati rice and tea exports may come under pressure

Exporters are keeping their fingers crossed on the impact of recent announcement made by US President Donald Trump that Washington will impose additional 25 per cent duty on countries trading with Iran. The exact impact of the additional tariff will be only known after a notification is issued by the Trump administration, said exporters. Indian exporters are already reeling under the impact of the steep 50 per cent tariffs imposed by the US. Trump has announced that any country doing business with Iran will have to pay a 25 per cent tariff on its trade with Washington, a move that could impact Tehran's major trading partners such as India, China and the UAE. Exporters' body FIEO on Tuesday said domestic firms are complying with all sanctions related to trade with Iran, but a clear clarification on Trump's announcement that countries trading with Iran may face a 25 per cent tariff would help asses the impact of the warning. The announcement by Trump could impact India-Iran trade ..

Rationalising the import duty structure and increasing allocations in the forthcoming Budget would help boost domestic manufacturing and the country's exports, Deloitte India suggested on Tuesday. It also said reforms to the Special Economic Zone (SEZ) regime such as allowing domestic supply on a duty-forgone basis, easing sub-contracting norms and exempting value addition from customs duty along with a limited customs amnesty scheme would improve competitiveness and reducing litigation. The Budget for 2026-27 is expected to be presented on February 1. The consulting firm said that to give a sustained boost to India's exports, the Union Budget should build on the government's ongoing efforts to strengthen domestic manufacturing and enhance export competitiveness. "A key measure would be to further rationalize the customs duty structure - lowering duties on parts and components in sectors where India has achieved optimal manufacturing capacity, while increasing duties on finished .

Electronics exports from the country have crossed Rs 4 lakh crore in 2025 and are expected to grow when four semiconductor plants begin production this year, Union minister Ashwini Vaishnaw has said. According to official estimates, electronic production reached around Rs 11.3 crore and exports were to the tune of Rs 3.3 lakh crore in 2024-25. "Electronics exports crossed Rs 4 lakh crore in 2025, creating jobs and bringing foreign exchange. Momentum will continue in 2026 as four semiconductor plants come into commercial production," Vaishnaw said in a social media post on Monday. The mobile phone industry dominates the country's electronics manufacturing sector at present. According to industry estimates, more than 25 lakh people are employed in the electronics sector. The minister shared a report which states that iPhone exports from India have hit Rs 2.03 lakh crore in 2025, which is almost double that of Rs 1.1 lakh crore Apple exported in the calendar year 2024. According to

An improved flow of rice from the world's largest exporter of the grain curbed shipments from rivals Thailand and Vietnam and drove prices in Asia to their lowest in nearly a decade

Mas risks becoming an enabling add-on rather than being a tool for enhancing competitiveness

India's rollback of quality control orders eases supply disruptions and export costs, but highlights deeper policy incoherence and recurring inward-looking trade interventions

Indian exporters in various sectors like agriculture, petroleum, pharma, apparel, electronics and auto have potential not only to scale up shipments to New Zealand but also help the island nation reduce its dependence on China. According to think tank GTRI, in 2024-25, New Zealand imported goods worth over USD 10 billion from China compared to just USD 711 million from New Delhi. Wellington's total imports in that fiscal year were USD 50 billion. GTRI's report stated that opportunities exist for various Indian sectors to increase penetration in the island nation, given a bilateral free trade agreement. The sectors with potential include processed foods and agri-linked products, petroleum products and industrial chemicals, pharmaceuticals and healthcare, plastics, rubber and consumer goods, textiles and apparel, electronics and electrical equipment, automobiles and transport equipment, aerospace and high-value manufacturing, furniture and lighting. India is a significant global ...

The deal includes sweeping tariff cuts, expanded services access, enhanced labour mobility and a long-term investment commitment

Trend indicates Beijing is shifting its sourcing away from US, say officials

Japan's exports climbed 6 per cent in November from a year earlier, with shipments to the United States rising for the first time since March as uncertainties over tariffs abated following a trade deal with the Trump administration. The preliminary data released Wednesday showed Japan's total imports rose 1.3 per cent last month over a year earlier, leaving a surplus of 322.2 billion yen (about USD 2.1 billion). Exports to the US rose nearly 9 per cent from the year before as shipments of cars, chemicals and cameras helped make up for declines in machinery and iron and steel. Imports of US oil nearly tripled, along with sharp increases in imports of grain and other food products. Japan's deal on tariffs with President Donald Trump's administration, setting the baseline import duty for most products at 15 per cent instead of the earlier plan for a 25 per cent tariff, helped boost passenger car shipments by 8 per cent when measured by the number of vehicles. But the value of those car

Exports during April-November were up 2.62 per cent to $292.07 billion, while imports during the eight months rose by 5.59 per cent to $515.21 billion

India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the South American country, a top government official said on Monday. Mexico has decided to impose steep import tariffs - ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia. Commerce Secretary Rajesh Agrawal said that India has engaged with the country on the issue. "Technical level talks are on...The only fast way forward is to try to get a preferential trade agreement (PTA) because an FTA (free trade agreement) will take a lot of time. So we are trying to see what can be a good way forward," he told reporters here. While in an FTA two trading partners either significantly reduce or eliminate import duties on maximum number of goods traded between them, in a PTA, dut

The move is seen as a way to protect Mexico's domestic industry

This is the first time coal linkages are being opened without end-use restrictions. It is aimed at expanding access to domestic coal, improving resource utilisation and reducing import dependence

Ahead of PM Narendra Modi's Jordan-Ethiopia-Oman tour, the government highlighted efforts to diversify exports and sustain manufacturing momentum, citing export and IIP growth trends

The overall surplus through the first 11 months of the year is up 21.7 percent from the same period last year

China's exports were up 5.9 per cent from last year, higher than expected, while imports rose only 1.9 per cent, creating a monthly surplus of $112 billion

CBAM to penalise polluting exporters; India should push for deep EU trade pact and simpler carbon tax over complex cap-and-trade