NEW DELHI: India’s total exports of merchandise and services reached an all-time high of $820.93 billion in the financial year 2024-25 (April–March), marking a 5.5% increase over the previous year’s $778.13 billion, according to data released by the Ministry of Commerce & Industry on Wednesday.Merchandise exports remained steady at $437.42 billion, while services exports surged by 12.45% to $383.51 billion, up from $341.06 billion in FY 2023-24. The services sector contributed a trade surplus of $188.57 billion, helping offset the merchandise trade deficit of $282.83 billion.
Non-petroleum exports rose by 6% to $374.08 billion, with significant contributions from sectors like electronic goods (up 32.47% to $38.58 billion), coffee (up 40.37%), tobacco (up 36.53%), rice (up 19.73%), and pharmaceuticals (up 9.39%).
In March 2025 alone, total exports (merchandise and services) were estimated at $73.61 billion, a 2.65% increase over March 2024. Imports for the month stood at $77.23 billion, resulting in a trade deficit of $3.63 billion.
Key export destinations showing significant growth included the USA (up 11.59% annually), Japan (up 21.12%), and France (up 11.42%). On the import side, major sources with increased trade included the UAE, China, and Thailand.
The robust performance in services and non-petroleum goods underscores India’s growing diversification in export sectors and its resilience in global trade dynamics, the ministry said.
