Merchandise exports during April 2025 was US$ 38.49 Billion, as compared to US$ 35.30 Billion during April 2024, registering a positive growth of 9.02%.

Non-Petroleum exports in April 2025 valued at US$ 31.11 Billion registered an increase of 10.10% as compared to US$ 28.26 Billion in April 2024.

Electronic Goods exports increased by 39.51% from US$ 2.65 Billion in April 2024 to US$ 3.69 Billion in April 2025.

Engineering Goods exports increased by 11.28% from US$ 8.55 Billion in April 2024 to US$ 9.51 Billion in April 2025.

Gems & Jewellery exports increased by 10.74% from US$ 2.26 Billion in April 2024 to US$ 2.5 Billion in April 2025.

RMG of all Textiles exports increased by 14.43% from US$ 1.2 Billion in April 2024 to US$ 1.37 Billion in April 2025.

Rice exports increased by 13.63% from US$ 0.95 Billion in April 2024 to US$ 1.08 Billion in April 2025.

Marine Products exports increased by 17.81% from US$ 0.49 Billion in April 2024 to US$ 0.58 Billion in April 2025.

Drugs & Pharmaceuticals exports increased by 2.37% from US$ 2.43 Billion in April 2024 to US$ 2.49 Billion in April 2025.

India’s total exports (Merchandise and Services combined) for April 2025* is estimated at US$ 73.80 Billion, registering a positive growth of 12.70 percent vis-à-vis April 2024. Total imports (Merchandise and Services combined) for April 2025* is estimated at US$ 82.45 Billion, registering a positive growth of 15.72 percent vis-à-vis April 2024.

Table 1: Trade during April 2025*

		April 2025 (US$ Billion)	April 2024 (US$ Billion)
Merchandise	Exports	38.49	35.30
	Imports	64.91	54.49
Services*	Exports	35.31	30.18
	Imports	17.54	16.76
Total Trade (Merchandise +Services) *	Exports	73.80	65.48
	Imports	82.45	71.25
	Trade Balance	-8.65	-5.77

* Note: The latest data for services sector released by RBI is for March 2025. The data for April 2025 is an estimation, which will be revised based on RBI’s subsequent release.

Fig 1: Total Trade during April 2025*

MERCHANDISE TRADE

• Merchandise exports during April 2025 were US$ 38.49 Billion as compared to US$ 35.30 Billion in April 2024.

• Merchandise imports during April 2025 were US$ 64.91 Billion as compared to US$ 54.49 Billion in April 2024.

Fig 2: Merchandise Trade during April 2025

• Non-petroleum and non-gems & jewellery exports in April 2025 were US$ 28.61 Billion compared to US$ 26 Billion in April 2024.

• Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April 2025 were US$ 39.27 Billion compared to US$ 33.26 Billion in April 2024.

Table 2: Trade excluding Petroleum and Gems & Jewellery during April 2025

	April 2025 (US$ Billion)	April 2024 (US$ Billion)
Non- petroleum exports	31.11	28.26
Non- petroleum imports	44.20	37.99
Non-petroleum & Non-Gems & Jewellery exports	28.61	26.00
Non-petroleum & Non-Gems & Jewellery imports	39.27	33.26

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 3: Trade excluding Petroleum and Gems & Jewellery during April 2025

 

SERVICES TRADE

• The estimated value of services export for April 2025* is US$ 35.31 Billion as compared to US$ 30.18 Billion in April 2024.

• The estimated value of services imports for April 2025* is US$ 17.54 Billion as compared to US$ 16.76 Billion in April 2024.

Fig 4: Services Trade during April 2025*

 

• Exports of  Tobacco (66.43%), Coffee (47.85%), Electronic Goods (39.51%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (34.43%), Fruits & Vegetables (30.72%), Marine Products (17.81%), Tea (15.93%), Meat, Dairy & Poultry Products (15.85%), Rmg Of All Textiles (14.43%), Rice (13.63%), Engineering Goods (11.28%), Gems & Jewellery (10.74%), Spices (8.38%), Cereal Preparations & Miscellaneous Processed Items (7.71%), Petroleum Products (4.68%), Jute Mfg. Including Floor Covering (4.58%), Plastic & Linoleum (4.58%), Man-Made Yarn/Fabs./Made-Ups Etc. (4.18%), Leather & Leather Products (3.91%), Carpet (3.32%), Drugs & Pharmaceuticals (2.37%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (1.71%) and Ceramic Products & Glassware (0.23%) record positive growth during April 2025 over the corresponding month of last year.

• Imports of Pulses (-23.5%), Newsprint (-14.4%), Coal, Coke & Briquettes, Etc. (-12.28%), Fruits & Vegetables (-8.97%), Vegetable Oil (-8.09%), Leather & Leather Products (-4.84%) and Transport Equipment (-3.18%) record negative growth during April 2025 over the corresponding month of last year.

• Services exports is estimated to grow by 17.01 percent during April 2025* over April 2024.

• Top 5 export destinations, in terms of change in value, exhibiting positive growth in April 2025 vis a vis April 2024 are U S A (27.31%), U Arab Emts (33.65%), Australia (74.16%), Tanzania Rep (87.2%) and Kenya (132.44%).

• Top 5 import sources, in terms of change in value, exhibiting growth in April 2025 vis a vis April 2024 are U Arab Emts (88.97%), China P Rp (27.08%), U S A (63.76%), Russia (17.82%) and Ireland (425.65%).

Export growth drives higher trade receipts; services and non petroleum sectors lead the expansion this month. India's combined merchandise and services exports for April 2025 are estimated at US$ 73.80 billion, led by growth in merchandise (US$ 38.49 billion) and services (estimated US$ 35.31 billion). Key merchandise sectors-Electronic Goods, Engineering Goods, Gems & Jewellery, Textiles, Rice, Marine Products and Pharmaceuticals-recorded positive growth; non petroleum exports also increased. Imports rose as well, widening the monthly trade deficit. Services data for April 2025 are provisional and will be revised after subsequent RBI releases.