India’s Exports Grow 6.18% to $349.35 Billion in April–August 2025, Trade Deficit Narrows
India’s total exports of goods and services reached US$ 349.35 billion during the April–August 2025 period, reflecting a 6.18% increase over the US$ 329.03 billion recorded in the same months of 2024, as per the latest data from the Ministry of Commerce and Industry.
In this period, merchandise exports stood at US$ 184.13 billion, a 2.52% rise from US$ 179.60 billion in April–August 2024. Notably, non-petroleum exports saw stronger growth, climbing 7.35% to US$ 158.07 billion, compared to US$ 147.25 billion a year earlier.
For August 2025, combined exports of goods and services were estimated at US$ 69.16 billion, showing a 9.34% increase year-on-year. Meanwhile, imports for the month declined by 7% to US$ 79.04 billion, narrowing the trade deficit to US$ 9.88 billion, a sharp improvement from the US$ 21.73 billion recorded in August 2024.
Merchandise Trade
India’s merchandise exports in August 2025 rose to US$ 35.10 billion, up from US$ 32.89 billion in the same month last year. Imports declined to US$ 61.59 billion, compared to US$ 68.53 billion in August 2024.
Export growth was led by strong performances in several sectors:
- Electronic goods surged 25.93% (from US$ 2.32 billion to US$ 2.93 billion)
- Gems & Jewellery grew 15.57% (from US$ 2 billion to US$ 2.31 billion)
- Engineering goods rose 4.91%
- Petroleum products increased 6.54%
- Drugs & Pharmaceuticals climbed 6.94%
Services Trade
In August 2025, India’s services exports were estimated at US$ 34.06 billion, up from US$ 30.36 billion in August 2024. Services imports also saw a slight increase, reaching US$ 17.45 billion compared to US$ 16.46 billion a year ago.
During April–August 2025, services exports grew by 10.57% to US$ 165.22 billion, while imports rose to US$ 84.25 billion, resulting in a services trade surplus of US$ 80.97 billion — significantly higher than the US$ 68.25 billion surplus seen in the same period last year.
Key Trade Partners
On the export front, major growth markets in August 2025 included the United Arab Emirates, United States, Netherlands, Hong Kong, and China. For imports, countries such as Russia, Saudi Arabia, Ireland, Iraq, and Qatar showed increased trade activity compared to August 2024.
