India’s overall exports (merchandise and services combined) for April–October 2025 are estimated at USD 491.80 billion, reflecting a growth of 4.84% over USD 469.11 billion recorded during the same period in 2024
Total imports during April–October 2025 are estimated at USD 569.95 billion, rising by 5.74% from USD 539.02 billion in April–October 2024.
Trade Performance: October 2025
India’s overall exports in October 2025 stood at USD 72.89 billion, marking a marginal decline of (-) 0.68% compared to USD 73.39 billion in October 2024. Total imports during the month increased to USD 94.70 billion, a growth of 14.87% over USD 82.44 billion in October 2024
Merchandise Trade Highlights
- Merchandise exports in October 2025 were USD 34.38 billion, compared to USD 38.98 billion in October 2024.
- Merchandise imports rose to USD 76.06 billion, from USD 65.21 billion in the same period last year.
- Cumulative merchandise exports for April–October 2025 reached USD 254.25 billion, slightly higher than USD 252.66 billion in April–October 2024.
- Merchandise trade deficit widened to USD 196.82 billion during April–October 2025 from USD 171.40 billion a year earlier
Non-Petroleum & Non-Gems & Jewellery Trade
- Non-petroleum exports in April–October 2025 registered a healthy growth of 3.92%, reaching USD 219.90 billion compared to USD 211.60 billion in April–October 2024.
- Non-petroleum, non-gems & jewellery exports rose to USD 203.40 billion, up from USD 194.41 billion last year.
- Corresponding imports increased to USD 286.28 billion, from USD 264.56 billion in April–October 2024
Services Trade Remains Robust
- Services exports for October 2025 are estimated at USD 38.52 billion, up from USD 34.41 billion in October 2024.
- Services imports for the month stood at USD 18.64 billion, compared to USD 17.23 billion a year earlier.
- Cumulative services exports during April–October 2025 reached USD 237.55 billion, reflecting strong growth over USD 216.45 billion during April–October 2024.
- Services trade surplus for April–October 2025 is estimated at USD 118.68 billion, as against USD 101.49 billion last year
Key Growth Drivers in Merchandise Exports (October 2025)
Several sectors showed strong year-on-year growth:
- Cashew: ↑ 126.85%
- Meat, Dairy & Poultry Products: ↑ 30.87%
- Electronic Goods: ↑ 19.05%
- Other Cereals: ↑ 14.71%
- Marine Products: ↑ 11.08%
- Coffee: ↑ 10.91%
Sectors Recording Decline in Imports (October 2025)
Significant negative growth seen in:
- Pearls, Precious & Semi-Precious Stones (-25.35%)
- Petroleum, Crude & Products (-21.65%)
- Pulp & Waste Paper (-21.34%)
- Iron & Steel (-19.32%)
- Newsprint (-18.28%)
- Pulses (-16.42%)
- Coal, Coke & Briquettes (-4.21%)
- Plastics (-3.55%)
- Wood & Wood Products (-2.42%)
- Textiles (-1.17%)
- Organic & Inorganic Chemicals (-0.11%)
Top Performing Export Destinations
October 2025 (YoY change)
- China PR: ↑ 42.35%
- Spain: ↑ 43.43%
- Sri Lanka: ↑ 29.02%
- Vietnam: ↑ 21.42%
- Tanzania: ↑ 17.92%
April–October 2025 (YoY change)
- USA: ↑ 10.15%
- China PR: ↑ 24.77%
- UAE: ↑ 5.88%
- Spain: ↑ 40.74%
- Hong Kong: ↑ 20.70%
Conclusion
India’s trade performance during April–October 2025 reflects steady growth in both merchandise and services exports, driven by strong sectors such as electronics, agricultural products, and marine products. The sustained expansion in services exports continues to provide a robust cushion to the overall trade balance.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2190829®=3&lang=1
