India’s Exports Grow 4.45% to $413.3 Billion in H1 2025; Trade Deficit at $59.48 Billion

October 16, 2025

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India’s Exports Grow 4.45% to $413.3 Billion in H1 2025; Trade Deficit at $59.48 Billion

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India’s total exports of goods and services during the first half of 2025 stood at US$ 413.30 billion, showing a 4.45% rise from US$ 395.70 billion in the first half of 2024. Non-petroleum exports grew by 7.04% to US$ 189.49 billion.

The main contributors to export growth in September 2025 were electronic goods, petroleum products, engineering goods, rice, marine products, and drugs and pharmaceuticals. Exports of electronic goods increased by 50.54%, while petroleum products rose by 15.22%.

The IMF has raised India’s 2025 growth forecast to 6.6%, reflecting continued economic strength. Total exports in September 2025 were estimated at US$ 67.20 billion, up 0.78% compared to September 2024. Imports grew by 11.34%, reaching US$ 83.82 billion.

Between April and September 2025, India’s total exports grew by 4.45% to US$ 413.30 billion, while imports increased by 3.55% to US$ 472.79 billion. The trade deficit for this period stood at US$ 59.48 billion.

In merchandise trade, exports in September 2025 reached US$ 36.38 billion, compared to US$ 34.08 billion in September 2024. Imports rose to US$ 68.53 billion from US$ 58.74 billion a year earlier. Non-petroleum and non-gems & jewellery exports in September 2025 were US$ 28.59 billion, up from US$ 26.95 billion in September 2024.

Service exports in September 2025 were estimated at US$ 30.82 billion, slightly lower than US$ 32.60 billion in September 2024. The service trade surplus for the first half of 2025 was US$ 95.50 billion, compared to US$ 84.31 billion in the same period of 2024.