New Delhi, Dec 15 (NationPress) Prominent industry associations expressed their optimism regarding India’s export performance in November, which has shown remarkable strength despite global uncertainties and the imposition of a 50 percent US tariff. This underscores the resilience and competitiveness of the nation's export sector.

In November, India's merchandise exports climbed to $38.13 billion, reflecting an impressive year-on-year increase of 19.37 percent. The merchandise imports for the same month reached $62.66 billion.

On the services side, exports surged to $35.86 billion, up from $32.11 billion, while service imports saw a slight increase to $17.96 billion from $17.25 billion during the same timeframe last year.

S.C. Ralhan, President of the Federation of Indian Export Organisations (FIEO), highlighted that the notable growth of nearly 19.4 percent in merchandise exports, paired with ongoing momentum in services, offers a highly encouraging outlook for India's external trade.

The significant reduction in the trade deficit emphasizes the capability of Indian exporters to adapt to global demands, even amidst persistent geopolitical tensions and worldwide economic uncertainties, Ralhan remarked.

He further noted that the diversification of export markets and the sustained resilience of key sectors have been pivotal in bolstering export growth.

With ongoing policy support, improved logistics efficiency, and access to competitive export financing, India's export sector is set to maintain this favorable trend in the upcoming months.

The FIEO chief also reiterated that from April to November 2025, the United States remained India's largest export market, despite the imposition of a steep 50 percent tariff—a clear indication of the adaptability and resilience of the Indian exporting community.

Other significant export destinations during this period included the UAE, Netherlands, China, UK, Germany, Singapore, Bangladesh, Saudi Arabia, and Hong Kong.

In terms of imports, primary source countries were China, the USA, Russia, Saudi Arabia, Iraq, Hong Kong, Singapore, Switzerland, and Japan.

Rajeev Juneja, President of PHDCCI, emphasized that India’s exports are likely to maintain a resilient growth trajectory, buoyed by continuous government initiatives aimed at diversifying export markets and enhancing global competitiveness.

He pointed out that the government’s Export Promotion Mission (EPM) and deeper engagement with regions such as the US, EU, Gulf Cooperation Council (GCC), and Asia-Pacific will be crucial in driving India's export growth.

Pankaj Chadha, Chairman of EEPC India, remarked that the recent figures are quite promising, especially given the 50 percent punitive tariff introduced by the Trump administration on a significant portion of India's export items.

The robust performance in November 2025 highlights the resilience of the engineering sector and its ability to swiftly adapt to the changing global landscape, with strong governmental support.

"Looking ahead, we are optimistic that the Indian engineering sector will successfully expand its market reach. Several trade agreements are in the pipeline, which will bolster the sector's global presence. We anticipate that the government will finalize the guidelines for the Rs 25,000 crore Export Promotion Mission soon," Chadha noted.