With total exports (goods + services) of USD 413.3 billion in the first half of FY 2025–26, up 4.45% from the same period the previous year, India’s trade growth remained strong. The trade deficit shrank to USD 59.48 billion as imports increased by 3.55% to USD 472.79 billion.
Important Points to Remember:
- Exports of merchandise: USD 220.12 billion (+3.02%)
- Exports of services: USD 193.18 billion (+6.12%)
- Electronics (+50.5%), petroleum (+15.2%), rice (+33.2%), marine products (+23.4%), and engineering goods (+2.9%) are the main export drivers.
- Leading markets: China, Spain, Hong Kong, the United States, and the United Arab Emirates
China, the United Arab Emirates, the United States, Ireland, and Hong Kong are the top import sources. - IMF Projection: India’s GDP growth estimate for 2025 was raised from 6.3% to 6.6%, with sustained strong growth anticipated into 2026.
India continues to be a bright spot in the world economy thanks to its strong exports, steady growth in services, and growing manufacturing capacity.
Trade during September 2025
| Trade | Exp/Imp | Sep-25 | Sep-24 |
| (US$ Billion) | (US$ Billion) | ||
| Merchandise | Exports | 36.38 | 34.08 |
| Imports | 68.53 | 58.74 | |
| Services | Exports | 30.82 | 32.6 |
| Imports | 15.29 | 16.54 | |
| Total Trade | Exports | 67.2 | 66.68 |
| (Merchandise +Services) | Imports | 83.82 | 75.28 |
| Trade Balance | -16.61 | -8.6 | |
Trade Growth excluding Petroleum and Gems & Jewellery during September 2025
| Trade | Sep-25 | Sep-24 |
| (US$ Billion) | (US$ Billion) | |
| Non- petroleum exports | 31.43 | 29.78 |
| Non- petroleum imports | 54.5 | 43.83 |
| Non-petroleum & Non-Gems & Jewellery exports | 28.59 | 26.95 |
| Non-petroleum & Non-Gems & Jewellery imports | 41.77 | 36.96 |
