Government sources have told CNBC-TV18 that overall import orders from the United States have been declining due to uncertainty. Data also indicates a shift in exports towards some countries at the expense of others.
Trade data from May 2024 to May 2025 shows that China’s share in textile exports to the US fell sharply from 27% to 14%. During the same period, India’s share in the US textile import market rose from 9% to 12%, while Vietnam’s share increased from 14% to 18%.
In the agriculture sector, China’s share of exports to the US declined from 3.5% to 1.5%. Despite no direct overlap in export commodities, India’s share rose from 1.7% to 2.2%. Indonesia and Vietnam also captured part of the space vacated by China in agricultural exports to the US.
In the US electronics import market, China’s export share dropped from 22% to 11%, while India’s share rose from 3.5% to 7.2%. Mobiles and solar cells were among India’s key export items in this segment, with Mexico and Vietnam also gaining market share during the same period.
In the first quarter of FY 2025-26, India, Mexico, and the European Union (EU) recorded growth in exports to the US. In contrast, China saw the sharpest decline among G20 countries (around 5%), followed by Canada and several others.
Data from the Commerce Ministry for Q1 of FY 25-26 shows a 47% rise in electronics exports. The US emerged as the top export destination, accounting for over 60% of the total, followed by the UAE (8.09%), China (3.88%), the Netherlands (2.68%), and Germany (2.09%).
In the same period, exports of ready-made garments grew by 8.83%, with the US accounting for over 34% of the total. Other key export destinations included the UK (8.81%), the UAE (7.85%), Germany (5.51%), and Spain (5.29%).
Exports of marine products rose by 19.45% during the quarter. The US was the largest importer with a 37.63% share, followed by China (17.26%), Vietnam (6.63%), Japan (4.47%), and Belgium (3.57%).
Source from: https://www.cnbctv18.com/economy/us-import-orders-decline-india-eu-mexico-export-gains-china-loss-19640712.htm
