India’s Electronics Growth Cushions Export Slump in Key Sectors

India’s export sector is showing early signs of transformation, with electronics emerging as a bright spot amid a slowdown in traditional segments. According to a new analysis by the Global Trade Research Initiative (GTRI), India’s merchandise exports in June 2025 stood at USD 35.14 billion — a marginal 0.05% rise from June 2024. However, electronics exports jumped by a significant 47.1% to USD 2.8 billion, driven by strong shipments of iPhones and smartphones to markets like the U.S., ahead of expected tariff hikes.

In contrast, exports of gems and jewellery declined by 20.4% to USD 1.78 billion, while petroleum products fell by 15.9% to USD 4.6 billion due to reduced global demand and weaker crude prices.

On the import side, India saw a 3.7% drop in total goods imports, which stood at USD 53.9 billion. Gold imports plunged 25.7% to USD 7.5 billion, while crude and petroleum imports declined 8.4% to USD 13.8 billion. Coal and coke imports also saw a 19.1% drop, signalling improved domestic supply.

Meanwhile, electronics imports rose 9.5% to USD 8.4 billion, and imports of machinery and computers increased India electronics exports, June 2025 trade data, GTRI report, iPhone exports, US-India trade, falling gold imports, crude oil trade, electronics manufacturing India, export growth sectors by 8.5% to USD 4.4 billion, indicating healthy domestic investment in manufacturing.

Exports to the U.S. rose 23.5% to USD 8.3 billion, reaffirming its role as India’s top trading partner. Exports to China stood at USD 1.4 billion, up 17.2%, while imports from China reached USD 9.5 billion, marking a 2.5% increase.

Source: The Economic Times