The cumulative exports (merchandise & services) during FY25 (April-March) is estimated to grow by 5.50% at US$ 820.93 billion, as compared to US$ 778.13 billion in FY24 (April-March)

India’s total exports (merchandise and services) during FY25 (April–March) stood at Rs. 70,27,160.8 crore (US$ 820.93 billion), marking a growth of 5.50% over FY23. Merchandise exports marginally increased to Rs. 37,44,315.5 crore (US$ 437.42 billion), while non-petroleum exports rose 6.0% to Rs. 32,01,875.5 crore (US$ 374.08 billion). Key drivers of merchandise growth included electronic goods at Rs. 3,30,188.5 crore (US$ 38.58 billion), coffee at Rs. 10,100.8 crore (US$ 1.81 billion), tobacco at Rs. 16,948 crore (US$ 1.98 billion), rice at Rs. 1,06,743  crore (US$ 12.47 billion), and drugs & pharmaceuticals at Rs. 2,60,823 crore (US$ 30.47 billion). 

Services exports grew 12.45% to Rs. 32,82,845 crore (US$ 383.51 billion). In comparison, imports increased to Rs. 16,68,772 crore (US$ 194.95 billion), resulting in a trade surplus of Rs. 16,17,384.4 crore (US$ 188.57 billion). Total imports (merchandise and services combined) stood at Rs. 78,34,026 crore (US$ 915.19 billion), up 6.85% over FY23. The merchandise trade deficit widened to Rs. 24,21,024 crore (US$ 282.83 billion). Non-petroleum and non-gems & jewellery exports were Rs. 29,46,865 crore (US$ 344.26 billion), with imports at Rs. 38,82,987 crore (US$ 453.62 billion). The United States of America (USA), United Kingdom (UK), Japan, United Arab Emirates (UAE), and France emerged as top export destinations. At the same time, UAE, China, Thailand, USA, and Russia were key import sources. 

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