Exports to 8 of top 20 hubs dip in Apr-Jul

Changing dynamics India's exports to top 10 destinations

- SHREYA NANDI

Even as the imposition of a 50 per cent tariff by the end of August is expected to sharply reduce India's exports to the US in coming months, its shipments to some eight of the top-20 countries contracted during the first four months of 2025-26 (FY26).

According to commerce department data, export destinations that witnessed contraction during April-July are: the Netherlands (-21.2 per cent), the UK (-11.2 per cent), Singapore (-11.8 per cent), Saudi Arabia (-11.8 per cent), South Africa (-16.3 per cent), Italy (-9.2 per cent), France (-17.3 per cent), and Malaysia (-28.8 per cent).

The 20 countries accounted for 69 per cent of India's total value of goods exported during the first four months of FY26.