*Exports to US soar 22 pc despite tariffs; shipments to China on a high*

Merchandise exports to the US rose more than 22% to $6.98 billion during November 2025, while shipments to China from India increased by a whopping $1.05 billion to $2.20 billion in November 2025, a growth of over 90% year-on-year. This is in line with India’s total merchandise exports, which jumped nearly 20% year-on-year to $38.13 billion last month, following a decline of almost 12% in October. The growth is likely driven by higher exports of items largely unaffected by tariffs, such as smartphones, pharmaceuticals and petroleum products.

India’s merchandise exports to China have been rising every month this financial year, with a notable increase of over 42% in October, helping to ease the impact of the steep US tariffs, as per a report.