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Key Points

India's electronics exports jumped 47% in June 2025, offsetting declines in traditional sectors like gems and petroleum. Gold imports fell sharply by 25.7%, while crude shipments also dropped due to lower global demand. The US remained India’s top export market, growing 23.5%, while trade with China saw modest gains. GTRI highlights a structural shift as high-value electronics outpace traditional exports.

Key Points: India's Electronics Boom Offsets Slump in Traditional Exports GTRI Reports

  • Electronics exports surge 47% driven by iPhone and smartphone shipments
  • Gold imports drop sharply by 25.7% in June 2025
  • US remains India’s top export market with 23.5% growth
  • China trade rises modestly with 17.2% export growth
2 min read

India's electronics boom offsets slump in traditional exports: GTRI

India's electronics exports surge 47% amid falling gold and crude shipments, as GTRI highlights shifting trade dynamics in June 2025.

"High-import-intensity sectors like electronics are gaining ground while traditional sectors decline. – Global Trade Research Initiative"

New Delhi July 16

Driven by falling gold and crude oil shipments, India's merchandise imports show a declining trend in June 2025; however, exports remained flat, said Global Trade Research Initiative (GTRI) in its latest analysis.

The June 2025 trade data released by the Ministry of Commerce on Tuesday shows that merchandise exports stood at USD 35.14 billion, a negligible increase of 0.05 per cent compared to June 2024.

However, key sectors like electronics exports surged 47.1 per cent to USD 2.8 billion, reflecting rising iPhone and smartphone shipments to major markets, such as the U.S., in anticipation of higher U.S. tariffs. However, exports of traditional items, such as gems and jewellery, fell by 20.4 per cent to USD 1.78 billion, and petroleum product exports dropped 15.9 per cent to USD 4.6 billion, due to softening global demand and lower crude prices.

On the import side, total goods imports stood at USD 53.9 billion, down 3.7 per cent from the previous year. This decline is mainly led by a sharp 25.7 per cent fall in gold imports, which dropped to USD 7.5 billion, and about an 8.4 per cent decrease in crude and petroleum imports, totalling USD 13.8 billion. Coal and coke imports also declined by 19.1 per cent to USD 7.75 billion, reflecting improved domestic supply.

Electronics imports rose by 9.5 per cent to USD 8.4 billion, and machinery and computer imports grew 8.5 per cent to USD 4.4 billion. This suggests that domestic investment in assembly and manufacturing remains healthy.

Exports to the U.S. climbed 23.5 per cent to USD 8.3 billion, reinforcing America's status as India's top export market. In contrast, exports to China were modest at USD 1.4 billion, though they grew by 17.2 per cent year-on-year.

On the import side, India imported USD 9.5 billion worth of goods from China in June, a 2.5 per cent increase from June 2024.

The trade data for June 2025 show signs of a continued structural transformation in India's export profile. High-import-intensity sectors, such as electronics, are gaining ground, while traditional labour-intensive sectors remain flat or show a declining trend.

- ANI

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Reader Comments

P
Priya S
The iPhone export numbers are impressive! But I worry about import numbers - we're still bringing in $8.4 billion electronics. When will we truly become self-reliant in components? PLI scheme needs to show faster results in semiconductor manufacturing.
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Arjun K
Gold imports down by 25% is actually good news! Shows people are investing more in productive assets rather than just buying gold. This cultural shift will help our economy in long run.
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Sarah B
As an expat working in Bengaluru's tech sector, I see firsthand how India's electronics manufacturing is evolving. But infrastructure bottlenecks remain - better roads, ports and reliable power supply would accelerate this growth further.
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Vikram M
The China trade numbers worry me. We're exporting ₹1.4B but importing ₹9.5B? That's a huge trade deficit. Need to reduce dependency on Chinese imports, especially in electronics and machinery. Atmanirbhar Bharat should be priority!
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Kavya N
While electronics growth is exciting, the 20% drop in gems/jewelry exports is alarming. My family has been in this business for generations. Govt should provide more export incentives and help us compete with China in global markets.
M
Michael C
Interesting analysis. The

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