India’s cumulative exports of merchandise and services combined during April–December 2025 have been estimated at US$ 634.26 billion, registering a positive growth of 4.33 per cent compared to US$ 607.93 billion during the corresponding period of the previous year.
The cumulative imports during April–December 2025 are estimated at US$ 730.84 billion, reflecting a growth of 4.95 per cent over April–December 2024.
Trade Performance in December 2025
India’s total exports (merchandise and services) in December 2025 are estimated at US$ 74.01 billion, showing a marginal decline of 1.01 per cent compared to December 2024. Total imports during the month stood at US$ 80.94 billion, registering a growth of 6.17 per cent year-on-year. The trade deficit for December 2025 was US$ 6.92 billion.
Merchandise Trade
- Merchandise exports during December 2025 stood at US$ 38.51 billion, compared to US$ 37.80 billion in December 2024.
- Merchandise imports during the month were US$ 63.55 billion, as against US$ 58.43 billion in December 2024.
For April–December 2025, merchandise exports reached US$ 330.29 billion, registering a growth of 2.44 per cent, while imports were valued at US$ 578.61 billion.
Non-Petroleum Exports Show Strong Growth
Cumulative non-petroleum exports during April–December 2025 stood at US$ 288.16 billion, recording an increase of 5.51 per cent over the corresponding period last year.
Key Drivers of Export Growth
Major sectors contributing to the growth of merchandise exports in December 2025 include:
- Electronic Goods: Growth of 78%
- Meat, Dairy & Poultry Products: Growth of 16%
- Drugs & Pharmaceuticals: Growth of 65%
- Engineering Goods: Growth of 28%
- Marine Products: Growth of 73%
Services Trade
Services exports for December 2025 are estimated at US$ 35.50 billion, while services imports stood at US$ 17.38 billion.
During April–December 2025, services exports rose to US$ 303.97 billion, compared to US$ 285.53 billion in the previous year, resulting in a services trade surplus of US$ 151.74 billion.
Export Destinations and Import Sources
The top export destinations showing significant growth in December 2025 include China, United Arab Emirates, Malaysia, Hong Kong, and Spain.
Major import sources registering growth during the same period include China, Saudi Arabia, Brazil, Peru, and Chile.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2214961®=3&lang=1
