India’s total exports, combining merchandise and services, reached US$ 210.31 billion during April–June 2025, marking a growth of 5.94% over the same period in 2024. Imports during this quarter stood at US$ 230.62 billion, registering a 4.38% increase year-on-year. Consequently, the overall trade deficit narrowed slightly to US$ 20.31 billion compared to US$ 22.42 billion during April–June 2024.
Merchandise exports for the quarter totaled US$ 112.17 billion, reflecting a 1.92% increase over the previous year. On the import side, merchandise imports rose to US$ 179.44 billion, up 4.22% from April–June 2024. This resulted in a merchandise trade deficit of US$ 67.26 billion, wider than the US$ 62.10 billion recorded a year earlier.
Key sectors driving merchandise export growth in June 2025 included Electronic Goods, which surged by 46.93%, followed by Drugs & Pharmaceuticals (up 5.95%), Engineering Goods (up 1.35%), Marine Products (up 13.33%), and Meat, Dairy & Poultry Products (up 19.70%). These categories played a significant role in supporting overall export growth.
The services sector showed strong performance as well, with exports estimated at US$ 98.13 billion during April–June 2025, recording a robust 10.93% growth over the same period last year. Services imports were also up, reaching US$ 51.18 billion (an increase of 4.91%), leading to a services trade surplus of US$ 46.95 billion, significantly higher than US$ 39.68 billion in 2024.
Focusing on trade excluding petroleum and gems & jewellery, non-petroleum and non-gems & jewellery exports rose to US$ 88.10 billion in April–June 2025, up 7.24% from US$ 82.16 billion in the same period last year. Corresponding imports in this category also rose to US$ 117.02 billion, showing a 9.79% increase.
Among export destinations, the top five countries showing the highest growth in exports during April–June 2025 were USA (↑22.18%), China (↑17.87%), Kenya (↑69.83%), Germany (↑10.79%), and Australia (↑14.01%). On the import side, the top five source countries exhibiting the most significant growth were Ireland (↑281.04%), UAE (↑28.73%), China (↑16.33%), USA (↑11.68%), and Hong Kong (↑33.22%).
Finally, several import items registered negative growth in June 2025 compared to the same month last year. These included Pulses (-74.96%), Newsprint (-61.66%), Gold (-25.73%), Transport Equipment (-20.46%), and Coal, Coke & Briquettes (-19.13%). Notably, Petroleum, Crude & Products also declined by 8.37%, indicating a shift in import composition.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2144870
