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India’s Export Exposure Diversifies as US Share Falls to 15 % Amid Tariffs
India’s export mix shifts as US share drops to 15% and exports hit US$220 bn despite tariffs.
Merchandise exports from India in the first half of FY26 reached US$220 billion, showing a 2.9 % increase year-on-year. Meanwhile the share of exports to the United States has dropped to 15 % as India pivots to alternative markets amid rising US tariffs.
Sectorally, marine products and ready-made garments posted gains, while traditional diamond and gem shipments shrank sharply. The trend reflects both resilience and structural change in India’s trade landscape, helping cushion against global headwinds.