India’s combined merchandise and services exports stood at US$ 349.35 billion during April–August 2025, marking a growth of 6.18 per cent over US$ 329.03 billion in the same period last year, according to data released by the Ministry of Commerce and Industry.
Merchandise exports during April–August 2025 were valued at US$ 184.13 billion, showing a 2.52 per cent growth over US$ 179.60 billion recorded in April–August 2024. Non-petroleum exports rose by 7.35 per cent to US$ 158.07 billion, compared to US$ 147.25 billion a year ago.
For August 2025 alone, total exports (merchandise and services combined) were estimated at US$ 69.16 billion, reflecting a growth of 9.34 per cent over August 2024. Imports during the month contracted by 7 per cent to US$ 79.04 billion, bringing down the trade deficit to US$ 9.88 billion, significantly lower than the US$ 21.73 billion recorded in August 2024.
Merchandise Trade
Merchandise exports in August 2025 rose to US$ 35.10 billion, up from US$ 32.89 billion a year earlier. Imports, however, dropped to US$ 61.59 billion from US$ 68.53 billion in August 2024.
Export growth was driven by Electronic Goods (25.93%), Gems & Jewellery (15.57%), Engineering Goods (4.91%), Petroleum Products (6.54%) and Drugs & Pharmaceuticals (6.94%). Electronic goods exports increased from US$ 2.32 billion in August 2024 to US$ 2.93 billion in August 2025, while gems and jewellery exports rose from US$ 2 billion to US$ 2.31 billion in the same period.
Services Trade
Services exports were estimated at US$ 34.06 billion in August 2025, compared to US$ 30.36 billion in August 2024, while imports stood at US$ 17.45 billion, up from US$ 16.46 billion a year ago.
During April–August 2025, services exports grew by 10.57 per cent to US$ 165.22 billion, while imports increased to US$ 84.25 billion. The services trade surplus in this period was US$ 80.97 billion, higher than US$ 68.25 billion in April–August 2024.
Trade Partners
The United Arab Emirates, United States, Netherlands, Hong Kong, and China emerged as the top destinations showing growth in exports during August 2025. On the imports side, Russia, Saudi Arabia, Ireland, Iraq, and Qatar recorded positive growth compared to August last year.