In April 2025, As per the data of Ministry of Commerce & Industry, India’s total exports (merchandise and services) during Financial Year (FY) 2024-25 is estimated at USD 820.93 Billion (bn) registering a growth of 5.50 percent from USD 778.13 bn in FY 2023-2024 .
- Total imports during FY 2024-25 is estimated at USD 915.19 bn registering a growth of 6.85 percent from USD 856.52 bn in FY 2023-2024.
Merchandise Trade:
i.Merchandise exports in FY 2024–25 stood at USD 437.42 bn, marking a marginal rise from USD 437.07 bn in FY 2023–24.
ii.Similarly, merchandise imports rose to USD 720.24 bn in FY 2024–25, compared to USD 678.21 bn in FY 2023–24.
iii.Merchandise trade deficit during FY 2024-25 is estimated to be USD 282.83 bn as compared to USD 241.14 bn during FY 2023-24.
iv.Merchandise exports during March 2025 were USD 41.97 Billion as compared to USD 41.69 Billion in March 2024.
- Merchandise imports during March 2025 were USD 63.51 Billion as compared to USD 57.03 Billion in March 2024.
Service Trade:
i.The estimated value of service exports during FY 2024-25 is USD 383.51 bn as compared to USD 341.06 bn in FY 2023-24.
ii.The estimated value of service imports for FY 2024–25 is USD 194.95 bn, up from USD 178.31 bn in FY 2023–24.
iii.The services trade surplus for FY 2024–25 is estimated at USD 188.57 bn, rising from USD 162.75 bn in FY 2023–24.
iv.The estimated value of services export for March 2025 is USD 31.64 Billion as compared to USD 30.01 Billion in March 2024.
- The estimated value of services imports for March 2025 is USD 13.73 Billion as compared to USD 16.60 Billion in March 2024.
Other Key Highlights:
i.Coffee exports grew by 40.37 percent, rising from USD 1.29 billion in FY 2023–24 to USD 1.81 billion in FY 2024–25.
ii.Exports of Drugs & Pharmaceuticals rose by 9.39 percent, from USD 27.85 billion in FY 2023–24 to USD 30.47 billion in FY 2024–25.
iii.Rice exports saw a 19.73 percent increase, rising from USD 10.42 billion in FY 2023–24 to USD 12.47 billion in FY 2024–25.
iv.Exports of Jute Manufacturing, including Floor Coverings, grew by 13.35 percent, rising from USD 0.34 billion in FY 2023–24 to USD 0.38 billion in FY 2024–25.
v.Tea exports recorded an 11.84 percent growth, increasing from USD 0.83 billion in FY 2023–24 to USD 0.92 billion in FY 2024–25.
vi.Plastic & Linoleum exports grew by 10.23 percent, rising from USD 8.09 billion in FY 2023–24 to USD 8.92 billion in FY 2024–25.
vii.Exports of meat, dairy & poultry products rose by 12.57 percent, from USD 4.53 billion in FY 2023–24 to USD 5.10 billion in FY 2024–25.
Top 5 Export and Import Sources:
i.Top 5 export and import destinations, in terms of change in value, exhibiting positive growth in FY 2024-25 are:
| S.No | Export | Import |
|---|---|---|
| 1 | United States America | UAE |
| 2 | United Kingdom | China |
| 3 | Japan | Thailand |
| 4 | United Arab Emirates | USA |
| 5 | France | Russia |
