India’s November trade data shows strong export growth to the US, up 22.6% year-on-year. Shipments reached nearly $7 billion, more than double the UAE, the second-largest partner. This is notable as exports had fallen in September and October amid US tariffs. The rise owes heavily to a surge in smartphone exports, which are largely tariff-free. Electronic goods exports to the US more than doubled from $2.14 billion in 2024 to $4.57 billion in 2025 between August and October. This ‘electronics shield’ helped reverse the earlier decline in overall exports. Meanwhile, gems and jewellery exports to the US dropped sharply by 60%, falling from $2.62 billion to $1.01 billion between August and October, due to tariff impacts. However, total gems and jewellery exports held up well by diversifying into other markets, showing only a slight 1% decline for April-November, and rebounding 28% in November alone. Marine product exports to the US declined 27.4% in that period but overall marine exports grew 14%, surging again in November by 15.5%. This shows Indian exporters are offsetting losses in the US by finding new international markets. The overall export growth in November was 19.4%, with April-November rising 2.6%. Despite challenges like a nine-month low in India's manufacturing PMI and a 13-month low in new export orders, Indian exports are showing resilience and smart diversification. Data from CMIE, PIB, and Ministry of Commerce and Industry was used in this report.