India’s Ministry of Commerce & Industry reported that the cumulative exports (merchandise & services) during April-February 2024-25 were estimated at USD 750.53 Billion, showing an estimated growth of 6.24% compared to the same period in 2023-24. Merchandise exports during this period were USD 395.63 Billion, with a positive growth of 0.06%. Non-Petroleum exports increased by 6.43%. In February 2025, major drivers of merchandise exports growth included Electronic Goods, Rice, Mica, Coal & Other Ores, Minerals, RMG of all Textiles, and Coffee. For February 2025, India’s total exports were estimated at USD 71.95 Billion, with a positive growth of 3.16% compared to February 2024. Total imports were estimated at USD 67.52 Billion, with a negative growth of (-)11.34%. The trade balance for February 2025 was USD 4.43 Billion, compared to -6.41 Billion in February 2024. Services exports for February 2025 were estimated at USD 35.03 Billion, with a growth of 14.10% during April-February 2024-25 over the previous year.
Summary of Trade Data (April-February 2024-25)
Cumulative Exports (Merchandise & Services)
April-February 2024-25: USD 750.53 Billion
Growth: 6.24% compared to April-February 2023-24
Merchandise Exports
April-February 2024-25: USD 395.63 Billion
Growth: 0.06% compared to April-February 2023-24
Non-Petroleum Exports
April-February 2024-25: USD 337.01 Billion
Growth: 6.43% compared to April-February 2023-24
Major Drivers of Merchandise Exports Growth in February 2025
Electronic Goods: 26.46% increase
Rice: 13.21% increase
Mica, Coal & Other Ores, Minerals: 24.25% increase
RMG of all Textiles: 3.97% increase
Coffee: 22.32% increase
February 2025 Trade Data
Total Exports: USD 71.95 Billion (3.16% growth)
Total Imports: USD 67.52 Billion (-11.34% growth)
Trade Balance: USD 4.43 Billion (compared to -6.41 Billion in February 2024)
Merchandise Trade in February 2025
Exports: USD 36.91 Billion
Imports: USD 50.96 Billion
Merchandise Trade in April-February 2024-25
Exports: USD 395.63 Billion
Imports: USD 656.68 Billion
Trade Deficit: USD 261.06 Billion
Non-Petroleum and Non-Gems & Jewellery Trade
February 2025 Exports: USD 28.57 Billion
February 2025 Imports: USD 35.02 Billion
April-February 2024-25 Exports: USD 310.09 Billion
April-February 2024-25 Imports: USD 415.85 Billion
Services Trade
February 2025 Exports: USD 35.03 Billion (14.10% growth)
February 2025 Imports: USD 16.55 Billion
April-February 2024-25 Exports: USD 354.90 Billion
April-February 2024-25 Imports: USD 183.21 Billion
Services Trade Surplus: USD 171.69 Billion
Top Export Destinations (February 2025)
USA: 10.37% growth
Australia: 76.19% growth
Japan: 26.55% growth
Brazil: 10.85% growth
Nigeria: 10.75% growth
Top Import Sources (February 2025)
Thailand: 145.45% growth
China P.R.: 7.83% growth
Brazil: 162.18% growth
Ireland: 117.17% growth
Oman: 30.24% growth
The Complete Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2111954
