India’s December goods exports up 1.86%, US exports holding well

New Delhi: Buoyed by electronics, engineering goods, marine goods, meat and dairy, abs pharmaceuticals, India’s goods exports in December rose 1.86% on-year at $38.51 billion, official data released Thursday showed. India’s goods exports had jumped 19.38% in November from a year earlier to $38.13 billion, recovering from a 11.8% contraction in October.

Officials said that discussions with the US were never broken and engagements are going on pending issues, without putting a deadline on the talks.

A faster rise of 8.7% in imports in December at $63.55 billion from $62.66 billion in December 2024, widened the trade deficit to $25.04 billion from $20.63 billion a year ago and $24.53 billion in November 2025.

“US exports have grown on-year in the first nine months of the (fiscal) year,” said commerce secretary Rajesh Agrawal, adding total exports could be more than $850 billion in the current fiscal year.

“US exports are holding on well. One key reason Is electronics which are out of the purview of tariffs and doing well”

Officials said that trade diversification is helping India’s marine and pharma exports.

The US, UAE and China were top three export destinations in April -December FY26. Goods exports to China were up 36.68% on-year and to the US up 9.75% in the first nine months of the fiscal.