The cumulative exports (merchandise & services) during April-May 2025 is estimated at Rs. 12,23,900 crore (US$ 142.43 billion), as compared to Rs. 11,57,391 crore (US$ 134.69 billion) in April-May 2024, an estimated growth of 5.75%

India’s total exports (merchandise and services combined) during April–May 2025 stood at Rs. 12,23,900 crore (US$ 142.43 billion), marking a 5.75% increase over Rs. 11,57,391 crore (US$ 134.69 billion) in the same period of 2024. Merchandise exports rose by 3.07% to Rs. 6,63,293 crore (US$ 77.19 billion), while services exports grew 9.11% to Rs. 5,60,607 crore (US$ 65.24 billion). Imports during April–May 2025 totalled Rs. 13,71,185 crore (US$ 159.57 billion), a 6.52% rise from Rs. 12,87,317 crore (US$ 149.81 billion) a year earlier, widening the trade deficit to Rs. 1,47,284 crore (US$ 17.14 billion) from Rs. 1,29,926 crore (US$ 15.12 billion).
In May 2025 alone, services exports rose to Rs. 2,78,327 crore (US$ 32.39 billion) from Rs. 2,54,438 crore (US$ 29.61 billion), while merchandise exports slightly declined to Rs. 3,32,806 crore (US$ 38.73 billion). Key export drivers included Electronic Goods (up 54.10%), Marine Products (up 26.79%), and Pharmaceuticals (up 7.38%). On the import side, the Petroleum and Fertiliser segments witnessed sharp declines. Non-petroleum exports for April–May 2025 reached Rs. 5,52,100 crore (US$ 64.25 billion), up 7.53%. Top export destinations showing notable growth included the United States (21.78%), Australia (50.76%), and China (18.75%). On the import front, key contributors were the United Arab Emirates (52.08%) and Ireland (287.99%).

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.