New Delhi: India’s total exports, which include both goods and services, are estimated at USD 74.97 billion in January 2025, marking a 9.72 per cent increase from January 2024. During the same period, total imports, also covering goods and services, are projected to reach USD 77.64 billion, reflecting a growth of 12.98 per cent compared to January 2024.
For the period of April to January 2024-25, India’s overall exports are forecasted to be USD 682.59 billion, showing a growth of 7.21 percent. Meanwhile, total imports for the same timeframe are estimated at USD 770.06 billion, indicating an increase of 8.96 percent.
Merchandise Trade
- Merchandise exports during January 2025 were USD 36.43 billion as compared to USD 37.32 billion in January 2024.
- Merchandise imports during January 2025 were USD 59.42 billion as compared to USD 53.88 billion in January 2024.
- Merchandise exports during April-January 2024-25 were USD 358.91 billion as compared to USD 353.97 billion during April-January 2023-24.
- Merchandise imports during April-January 2024-25 were USD 601.90 billion as compared to USD 560.27 Billion during April-January 2023-24.
- Merchandise trade deficit during April-January 2024-25 was USD 242.99 Billion as compared to USD 206.29 Billion during April-January 2023-24.
- Non-petroleum and non-gems & jewellery exports in January 2025 were USD 29.87 billion compared to USD 26.12 billion in January 2024.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in January 2025 were USD 41.20 billion compared to USD 34.23 billion in January 2024.
- Non-petroleum and non-gems & jewellery exports in April-January 2024-25 were USD 281.46 billion, compared to USD 256.56 billion in April-January 2023-24.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-January 2024-25 were USD 378.34 billion, compared to USD 354.86 billion in April-January 2023-24.
SERVICES TRADE
- The estimated value of services exported for January 2025 is USD 38.55 billion as compared to USD 31.01 billion in January 2024.
- The estimated value of services imports for January 2025 is USD 18.22 billion as compared to USD 14.84 billion in January 2024.
- The estimated value of service exports during April-January 2024-25* is USD 323.68 billion as compared to USD 282.71 billion in April-January 2023-24.
- The estimated value of service imports during April-January 2024-25* is USD 168.17 billion as compared to USD 146.48 billion in April-January 2023-24.
- The services trade surplus for April-January 2024-25 is USD 155.52 billion as compared to USD 136.23 Billion in April-January 2023-24.
- Exports of Other Cereals (103.2%), Electronic Goods (78.97%), Tobacco (59.18%), Coffee (57.07%), Rice (44.61%), Jute Mfg. Including Floor Covering (40.67%), Meat, Dairy & Poultry Products (35.66%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (27.71%), Tea (21.97%), Drugs & Pharmaceuticals (21.46%), Handicrafts Excl. Hand Made Carpet (19.49%), Carpet (18.04%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (16.41%), Gems & Jewellery (15.95%), Plastic & Linoleum (13.31%), Man-Made Yarn/Fabs./Made-Ups Etc. (12.14%), Rmg Of All Textiles (11.45%), Cereal Preparations & Miscellaneous Processed Items (11.13%), Ceramic Products & Glassware (10.44%), Marine Products (7.98%), Engineering Goods (7.44%), Cashew (6.85%), Leather & Leather Products (6.37%), Spices (2.32%) and Fruits & Vegetables (0.81%) record positive growth during January 2025 over the corresponding month of last year.
- Imports of Project Goods (-48.14%), Pearls, Precious & Semi-Precious Stones (-29.11%), Coal, Coke & Briquettes, Etc. (-15.22%) and Petroleum, Crude & Products (-13.49%) recorded negative growth during January 2025 over the corresponding month of last year.
- Services exports are estimated to grow by 14.49 per cent during April-January 2024-25* over April-January 2023-24.
- The top 5 export destinations, in terms of change in value, exhibiting positive growth in January 2025 vis a vis January 2024 are U S A (39.02%), Japan (53.53%), Bangladesh Pr (17.27%), U K (14.84%) and Nepal (20.84%).
- Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-January2024-25 vis a vis April-January2023-24 are U S A (8.95%), U Arab Emts (6.82%), Netherlands (9.17%), U K (14.17%) and Japan (21.12%).
- The top 5 import sources, in terms of change in value, exhibiting growth in January 2025 vis a vis January 2024 are China P Rp (17.06%), Thailand (136.63%), U S A (33.46%), Germany (72.15%) and U K (101.62%).
- The top 5 import sources, in terms of change in value, exhibiting growth in April-January2024-25 vis a vis April-January2023-24 are U Arab Emts (35.58%), China P Rp (10.6%), Russia (7.17%), Switzerland (16.61%) and Thailand (32.59%).
– global bihari bureau
