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4w ago

India–US Trade Hits Record High as India Posts $17.2 Billion Quarterly Surplus

India’s exports to the US reached $11.2 billion in March 2025, driven by a temporary tariff pause and ongoing trade agreement negotiations.

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

Overview

  • India's exports to the United States surged to a record $11.2 billion in March 2025, marking a nearly 50% increase over the 12-month average.
  • The surge in exports contributed to a total bilateral goods trade of $15 billion for March 2025, with India holding a $7.42 billion monthly trade surplus.
  • From January to March 2025, India achieved a $17.2 billion trade surplus with the US, exporting $27.7 billion worth of goods while importing $10.5 billion.
  • The spike in trade activity follows a 90-day tariff pause announced by President Trump, during which businesses accelerated imports and exports ahead of new tariffs.
  • India and the US are negotiating a potential trade agreement, with India proposing tariff eliminations on steel, auto components, and pharmaceuticals within defined quotas.