Exports (merchandise & services) during FY 2024-25 (April-March) is estimated to grow by 5.50% at US$ 820.93 Billion, as compared to US$ 778.13 Billion in FY 2023-24 (April-March)

India’s total exports (Merchandise and Services combined) for March 2025* is estimated at US$ 73.61 Billion, registering a positive growth of 2.65 percent vis-à-vis March 2024. Total imports (Merchandise and Services combined) for March 2025* is estimated at US$ 77.23 Billion, registering a positive growth of 4.90 percent vis-à-vis March 2024.

Table 1: Trade during March 2025*

* Note: The latest data for services sector released by RBI is for February 2025. The data for March 2025 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for FY 2023-24 (April-March) and April-December 2024 has been revised on pro-rata basis using quarterly balance of payments data.

• The cumulative value of merchandise exports during FY 2024-25 (April-March) was US$ 437.42 Billion, registering a positive growth of 0.08%, as compared to US$ 437.07 Billion during FY 2023-24 (April-March).
• The cumulative Non-Petroleum exports in FY 2024-25 (April-March) valued at US$ 374.08 Billion registered an increase of 6.0% as compared to US$ 352.92 Billion in FY 2023-24
• Major drivers of merchandise exports growth in FY 2024-25 (April-March) include Coffee, Tobacco, Electronic Goods, Rice, Jute Mfg. including Floor Covering, Meat, dairy & poultry products, Tea, Carpet, Plastic & Linoleum, RMG of all Textiles, Drugs & Pharmaceuticals, Cereal preparations & miscellaneous processed items, Mica, Coal & Other Ores, Minerals including processed minerals, Engineering Goods and Fruits & Vegetables.
• Coffee exports increased by 40.37% from US$ 1.29 Billion in FY 2023-24 (April-March) to US$ 1.81 Billion in FY 2024-25 (April-March).
• Tobacco exports increased by 36.53% from US$ 1.45 Billion in FY 2023-24 (April-March) to US$ 1.98 Billion in FY 2024-25 (April-March).
• Electronic Goods exports increased by 32.47% from US$ 29.12 Billion in FY 2023-24 (April-March) to US$ 38.58 Billion in FY 2024-25 (April-March).
• Rice exports increased by 19.73% from US$ 10.42 Billion in FY 2023-24 (April-March) to US$ 12.47 Billion in FY 2024-25 (April-March).
• Jute Mfg. including Floor Covering exports increased by 13.35% from US$ 0.34 Billion in FY 2023-24 (April-March) to US$ 0.38 Billion in FY 2024-25 (April-March).
• Meat, dairy & poultry products exports increased by 12.57% from US$ 4.53 Billion in FY 2023-24 (April-March) to US$ 5.1 Billion in FY 2024-25 (April-March).
• Tea exports increased by 11.84% from US$ 0.83 Billion in FY 2023-24 (April-March) to US$ 0.92 Billion in FY 2024-25 (April-March).
• Carpet exports increased by 10.46% from US$ 1.4 Billion in FY 2023-24 (April-March) to US$ 1.54 Billion in FY 2024-25 (April-March).
• Plastic & Linoleum exports increased by 10.23% from US$ 8.09 Billion in FY 2023-24 (April-March) to US$ 8.92 Billion in FY 2024-25 (April-March).
• RMG of all Textiles exports increased by 10.03% from US$ 14.53 Billion in FY 2023-24 (April-March) to US$ 15.99 Billion in FY 2024-25 (April-March).
• Drugs & Pharmaceuticals exports increased by 9.39% from US$ 27.85 Billion in FY 2023-24 (April-March) to US$ 30.47 Billion in FY 2024-25 (April-March).
• Cereal preparations & miscellaneous processed items exports increased by 8.71% from US$ 2.85 Billion in FY 2023-24 (April-March) to US$ 3.1 Billion in FY 2024-25 (April-March).
• Mica, Coal & Other Ores, Minerals including processed minerals exports increased by 6.95% from US$ 4.68 Billion in FY 2023-24 (April-March) to US$ 5.01 Billion in FY 2024-25 (April-March).
• Engineering Goods exports increased by 6.74% from US$ 109.3 Billion in FY 2023-24 (April-March) to US$ 116.67 Billion in FY 2024-25 (April-March).
• Fruits & Vegetables exports increased by 5.67% from US$ 3.66 Billion in FY 2023-24 (April-March) to US$ 3.87 Billion in FY 2024-25 (April-March).

The Press Release can be accessed at: https://pib.gov.in/PressReleasePage.aspx?PRID=2122016