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<h1>India trade: April-December 2025 exports rose 4.33% while imports rose 4.95%, widening the trade deficit.</h1> Cumulative exports of merchandise and services for April-December 2025 are estimated at US$ 634.26 billion (up 4.33% YoY) and cumulative imports at US$ 730.84 billion (up 4.95% YoY), producing a trade deficit of US$ 96.58 billion. Merchandise exports were US$ 330.29 billion (2.44% growth) and non petroleum exports US$ 288.16 billion (5.51% growth). Services exports for April-December 2025 are estimated at US$ 303.97 billion (6.46% growth) with a services surplus of US$ 151.74 billion. December 2025 monthly estimates show total exports US$ 74.01 billion and imports US$ 80.94 billion.