The cumulative exports (merchandise & services) during April-August 2025 is estimated at US$ 349.35 Billion, as compared to US$ 329.03 Billion in April-August 2024, a growth of 6.18%
The cumulative exports (merchandise & services) during April-August 2025 is estimated at US$ 349.35 Billion, as compared to US$ 329.03 Billion in April-August 2024, a growth of 6.18%
The cumulative value of merchandise exports during April-August 2025 was US$ 184.13 Billion, as compared to US$ 179.60 Billion during April-August 2024, registering a positive growth of 2.52%
The cumulative Non-Petroleum exports in April-August 2025 valued at US$ 158.07 Billion registered an increase of 7.35% as compared to US$ 147.25 Billion in April-August 2024
Major drivers of merchandise exports growth in August 2025 include Electronic Goods, Engineering Goods, Gems & Jewellery, Petroleum Products and Drugs & Pharmaceuticals
Electronic Goods exports increased by 25.93% from US$ 2.32 Billion in August 2024 to US$ 2.93 Billion in August 2025
Engineering Goods exports increased by 4.91% from US$ 9.44 Billion in August 2024 to US$ 9.90 Billion in August 2025
Gems & Jewellery exports increased by 15.57% from US$ 2 Billion in August 2024 to US$ 2.31 Billion in August 2025
Petroleum Products exports increased by 6.54% from US$ 4.20 Billion in August 2024 to US$ 4.48 Billion in August 2025
Drugs & Pharmaceuticals exports increased by 6.94% from US$ 2.35 Billion in August 2024 to US$ 2.51 Billion in August 2025
India’s total exports (Merchandise and Services combined) for August 2025* is estimated at US$ 69.16 Billion, registering a positive growth of 9.34 percent vis-à-vis August 2024. Total imports (Merchandise and Services combined) for August 2025* is estimated at US$ 79.04 Billion, registering a negative growth of (-) 7 percent vis-à-vis August 2024.
Table 1: Trade during August 2025*
| August 2025
(US$ Billion) |
August 2024
(US$ Billion) |
||
| Merchandise | Exports | 35.10 | 32.89 |
| Imports | 61.59 | 68.53 | |
| Services* | Exports | 34.06 | 30.36 |
| Imports | 17.45 | 16.46 | |
| Total Trade
(Merchandise +Services) * |
Exports | 69.16 | 63.25 |
| Imports | 79.04 | 84.99 | |
| Trade Balance | -9.88 | -21.73 |
* Note: The latest data for services sector released by RBI is for July 2025. The data for August 2025 is an estimation. (ii) Data for April-August 2024 and April-June 2025 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Total Trade during August 2025*
India’s total exports during April-August 2025* is estimated at US$ 349.35 Billion registering a positive growth of 6.18 percent. Total imports during April-August 2025* is estimated at US$ 390.78 Billion registering a growth of 2.49 percent.
Table 2: Trade during April-August 2025*
| April-August 2025
(US$ Billion) |
April-August 2024
(US$ Billion) |
||
| Merchandise | Exports | 184.13 | 179.60 |
| Imports | 306.52 | 300.12 | |
| Services* | Exports | 165.22 | 149.43 |
| Imports | 84.25 | 81.18 | |
| Total Trade
(Merchandise +Services) * |
Exports | 349.35 | 329.03 |
| Imports | 390.78 | 381.30 | |
| Trade Balance | -41.42 | -52.27 |
Fig 2: Total Trade during April-August 2025*
MERCHANDISE TRADE
- Merchandise exports during August 2025 were US$ 35.10 Billion as compared to US$ 32.89 Billion in August 2024.
- Merchandise imports during August 2025 were US$ 61.59 Billion as compared to US$ 68.53 Billion in August 2024.
Fig 3: Merchandise Trade during August 2025
- Merchandise exports during April-August 2025 were US$ 184.13 Billion as compared to US$ 179.60 Billion during April-August 2024.
- Merchandise imports during April-August 2025 were US$ 306.52 Billion as compared to US$ 300.12 Billion during April-August 2024.
- Merchandise trade deficit during April-August 2025 was US$ 122.39 Billion as compared to US$ 120.52 Billion during April-August 2024.
Fig 4: Merchandise Trade during April-August 2025
- Non-petroleum and non-gems & jewellery exports in August 2025 were US$ 28.31 Billion compared to US$ 26.68 Billion in August 2024.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in August 2025 were US$ 41.02 Billion compared to US$ 41.41 Billion in August 2024.
Table 3: Trade excluding Petroleum and Gems & Jewellery during August 2025
August 2025(US$ Billion) |
August 2024
(US$ Billion) |
|
| Non- petroleum exports | 30.62 | 28.69 |
| Non- petroleum imports | 48.33 | 56.40 |
| Non-petroleum & Non-Gems & Jewellery exports | 28.31 | 26.68 |
| Non-petroleum & Non-Gems & Jewellery imports | 41.02 | 41.41 |
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during August 2025
- Non-petroleum and non-gems & jewellery exports in April-August 2025 were US$ 146.71 Billion, compared to US$ 136.13 Billion in April-August 2024.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-August 2025 were US$ 201.76 Billion, compared to US$ 188.01 Billion in April-August 2024.
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-August 2025
April-August 2025(US$ Billion) |
April-August 2024
(US$ Billion) |
|
| Non- petroleum exports | 158.07 | 147.25 |
| Non- petroleum imports | 228.43 | 221.97 |
| Non-petroleum & Non Gems & Jewellery exports | 146.71 | 136.13 |
| Non-petroleum & Non Gems & Jewellery imports | 201.76 | 188.01 |
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-August 2025
SERVICES TRADE
- The estimated value of services export for August 2025* is US$ 34.06 Billion as compared to US$ 30.36 Billion in August 2024.
- The estimated value of services imports for August 2025* is US$ 17.45 Billion as compared to US$ 16.46 Billion in August 2024.
Fig 7: Services Trade during August 2025*
- The estimated value of service exports during April-August 2025* is US$ 165.22 Billion as compared to US$ 149.43 Billion in April-August 2024.
- The estimated value of service imports during April-August 2025* is US$ 84.25 Billion as compared to US$ 81.18 Billion in April-August 2024.
- The services trade surplus for April-August 2025* is US$ 80.97 Billion as compared to US$ 68.25 Billion in April-August 2024.
Fig 8: Services Trade during April-August 2025*
- Exports of Other Cereals (89.69%), Electronic Goods (25.93%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (24.57%), Tea (20.52%), Meat, Dairy & Poultry Products (17.69%), Gems & Jewellery (15.57%), Rice (11.94%), Ceramic Products & Glassware (11.4%), Marine Products (7.87%), Cereal Preparations & Miscellaneous Processed Items (7.3%), Drugs & Pharmaceuticals (6.94%), Petroleum Products (6.54%), Fruits & Vegetables (5.77%), Engineering Goods (4.91%), Organic & Inorganic Chemicals (3.76%), Oil Seeds (3.62%), Spices (0.52%) and Leather & Leather Products (0.14%) record positive growth during August 2025 over the corresponding month of last year.
- Imports of Project Goods (-90.63%), Pulses (-64.14%), Silver (-59.67%), Gold (-56.67%), Newsprint (-35.28%), Leather & Leather Products (-27.04%), Dyeing/Tanning/Colouring Mtrls. (-26.84%), Transport Equipment (-26.54%), Coal, Coke & Briquettes, Etc. (-26.2%), Wood & Wood Products (-14.46%), Iron & Steel (-10.98%), Artificial Resins, Plastic Materials, Etc. (-9.69%), Organic & Inorganic Chemicals (-5.19%), Chemical Material & Products (-3.73%), Pulp And Waste Paper (-3.25%) and Textile Yarn Fabric, Made-Up Articles (-0.6%) record negative growth during August 2025 over the corresponding month of last year.
- Services exports is estimated to grow by 10.57 percent during April-August 2025* over April-August 2024.
- Top 5 export destinations, in terms of change in value, exhibiting positive growth in August 2025 vis a vis August 2024 are U Arab Emts (23.42%), U S A (7.15%), Netherland (17.87%), Hong Kong (62.46%) and China P Rp (22.38%).
- Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-August 2025 vis a vis April-August 2024 are U S A (18.06%), China P Rp (19.82%), U Arab Emts (6.53%), Hong Kong (26.19%) and Germany (11.73%).
- Top 5 import sources, in terms of change in value, exhibiting growth in August 2025 vis a vis August 2024 are Russia (21.7%), Saudi Arab (38.43%), Ireland (150.15%), Iraq (8.85%) and Qatar (15.25%).
- Top 5 import sources, in terms of change in value, exhibiting growth in April-August 2025 vis a vis April-August 2024 are China P Rp (10.19%), Ireland (266.67%), U Arab Emts (9.18%), Hong Kong (24.05%) and U S A (8.54%).
