India’s total export touches $824.9 billion in fiscal year 2024-25
Economy
4 min read
The total export from India, including the merchandise and service sectors, for the fiscal year 2024-25 was $824.9 billion, a growth rate of 6.01%.In 2023-24, the total export from India was $778.13 billion.
The latest data released by the Union Ministry of Commerce and Industry on 2 May 2025 includes the latest service sector export data released by the Reserve Bank of India for the month of March 2025.
The total import in 2024-25 was $918.93 billion, and the trade deficit for the period was $93.92 billion.
Trade Data of March 2025
The total export during March 2025- $ 77.57 billion
- Merchandise export (goods)-$41.97 billion
- Service export- $35.6 billion
Total import during March 2025- $ 80.98 billion
- Merchandise import (goods)- $63.51 billion
- Service import- $ 17.47 billion
Total deficit in March 2025 -$3.41 billion
Trade Data for 2024-25
The following is the figure for exports and imports for 2024-25. The figures for 2023-24 are given in the brackets.
|
Export ( export figure of 2023-24 in bracket ) |
Import (import figure for 2023-24 in bracket) |
Deficit(-)/Surplus (+) (figure of 2023-24 in bracket) |
|
|
Merchandise |
$ 437.42 billion ($ 437.07 billion) |
$ 720.24 billion ( $ 678.21) |
-$ 282.82 billion (-$241.14 billion) |
|
Service |
$387.59 billion ($ 341.06 billion) |
$198.69 billion ($178.31 billion) |
+$ 188.81 billion (+ $162.75 billion) |
|
Total |
$ 825.01 billion($ 778.13 billion ) |
$ 918.93 billion ($ 856.52 billion) |
- $ 93.92 billion (- 78.39 billion ) |
Trade data excluding Petroleum and Gems & Jewellery during
The following are the data regarding the export and import excluding petroleum and Gems and Jewellery.
|
2024-25 |
2023-24 |
|
|
Non-petroleum exports |
$374.08 billion |
$ 352.92 billion |
|
Non-petroleum imports |
$ 534.46 billion |
$ 499.48 billion |
|
Non-petroleum & Non-Gems & Jewellery exports |
$ 344.26 billion |
$ 320.21 billion |
|
Non-petroleum & Non-Gems & Jewellery imports |
$ 453.62 billion |
$ 424.67 billion |
Sector-wise percentage growth in export as compared to 2203-24
The sectors in which there has been positive growth during 2024-25 are as follows:
Coffee (40.37%), Tobacco (36.53%), Electronics goods (32.47%), Rice (19.73%), Tea (11.84%), Carpet (10.46%), Drugs and pharmaceuticals (9.39%), Spices (4.78%), Fruits & vegetables (5.67%), Cereal preparations & miscellaneous processed items (8.71%), Marine products (0.45%), Meat, dairy & poultry products (12.57%), Mica, coal & other ores, minerals including processed minerals (6.95%), Leather and leather products (2.06%), engineering goods (6.74%), , Cotton yarn/fabs/makeups etc (3.19%), Man-made/ yarn/Fabs/made ups etc (4.07%), RMG of Textiles (10.03%), Jute Mfg. Including Floor Covering (13.35%) and Plastic & Linoleum (10.23%).
Top 5 export destinations, in terms of change in growth of value
- United States of America (11.59%), United Kingdom (12.08%), Japan (21.12%), United Arab Emirates (2.84%) and France (11.42%).
The top five import sources in terms of change in growth of value
United Arab Emirates (32.06%), China (11.52%), Thailand (43.99%), U S A (7.44%) and Russia (4.39%).
