India's Trade Growth April-July 2025

Summary of India's Trade Data for April-July 2025

The latest trade statistics for India during the period of April to July 2025 highlight significant developments in both exports and imports across merchandise and services.

Cumulative Export and Import Figures (April-July 2025):

• Total exports (merchandise and services) amounted to US$ 277.63 billion, showing a growth of 5.23% from US$ 263.83 billion in the same period of 2024.
• Merchandise exports reached US$ 149.20 billion, which is a 3.07% increase from US$ 144.76 billion in 2024.
• Non-petroleum exports increased to US$ 127.46 billion, marking a rise of 7.70% from US$ 118.34 billion in 2024.
• Total imports surged to US$ 308.91 billion, reflecting a growth of 4.25% from US$ 296.32 billion in 2024.

Trade Balance:

• The trade deficit for this period was recorded at US$ 31.28 billion, slightly improving from a deficit of US$ 32.48 billion in the previous year.

Monthly Trade Data for July 2025:

• In July 2025, total exports combined were estimated at US$ 68.27 billion, representing a 4.52% growth over July 2024.
• Total imports for July 2025 stood at US$ 79.99 billion, which is an increase of 6.07% from July 2024.
• The trade balance for July 2025 recorded a deficit of US$ 11.72 billion, compared to US$ 10.10 billion in July 2024.

Merchandise Trade:

• Merchandise exports for July 2025 were US$ 37.24 billion, up from US$ 34.71 billion in July 2024.
• Merchandise imports were US$ 64.59 billion, a rise from US$ 59.48 billion in July 2024.
• The merchandise trade deficit in July 2025 was US$ 27.35 billion.

Key Export Drivers:

• Major contributors to export growth include:
  • Engineering Goods: 13.75% increase to US$ 10.43 billion
  • Electronic Goods: 33.89% increase to US$ 3.77 billion
  • Gems & Jewellery: 28.95% increase to US$ 2.39 billion
  • Drugs & Pharmaceuticals: 14.06% increase to US$ 2.66 billion

Services Trade:

• Services exports for July 2025 reached US$ 31.03 billion, an increase from US$ 30.60 billion in July 2024.
• For the April-July period, service exports totaled US$ 128.43 billion, up from US$ 119.07 billion in 2024, resulting in a service trade surplus of US$ 63.53 billion compared to US$ 54.34 billion in the previous year.

Trends in Specific Export Items:

• Positive growth observed for the following items (July 2025 vs July 2024):

  • Other Cereals: +71.97%
  • Coffee: +67.46%
  • Mechanical instruments: +27.11%
  • Also significant growth noted in Tea (+18.97%), Drugs & Pharmaceuticals (+14.06%).

• Certain imports showed negative growth in July 2025:

  • Pulses: -51.62%
  • Leather & Leather Products: -41.1%

Top Export Destinations:

• Notable shifts in shipments were observed, with the USA growing by 19.94%, China by 27.39%, and Spain increasing by 60.12% in July 2025 over the same month in 2024.

Key Points:

• Cumulative exports from April to July 2025: US$ 277.63 billion
• Merchandise exports growth: 3.07%
• Non-Petroleum exports increase: 7.70%
• Total imports for July 2025: US$ 79.99 billion
• July 2025 export figures: US$ 68.27 billion (4.52% growth)
• Trade deficit for April-July 2025: US$ 31.28 billion (improved from prior year)
• Services trade surplus: US$ 63.53 billion

These statistics provide a comprehensive overview of India's trade position, showcasing resilience and growth in specific sectors amidst ongoing global economic adjustments.