India’s Exports Rise 15.5% in November 2025; April–November Exports Cross US$ 562 Billion

New Delhi: India’s total exports, including merchandise and services, are estimated at US$ 73.99 billion in November 2025, recording a robust year-on-year growth of 15.52%, according to data released by the Government of India. During the same period, total imports stood at US$ 80.63 billion, reflecting a marginal decline of 0.60%, resulting in a significantly improved trade balance.

For the April–November 2025 period, India’s cumulative exports are estimated at US$ 562.13 billion, compared to US$ 533.16 billion in the corresponding period last year, registering a growth of 5.43%. Total imports during the period stood at US$ 651.13 billion, up 5% year-on-year.

 

Merchandise Trade Performance

Merchandise exports in November 2025 rose sharply to US$ 38.13 billion, compared to US$ 31.94 billion in November 2024. Merchandise imports declined slightly to US$ 62.66 billion, aiding improvement in the monthly trade deficit.

During April–November 2025, merchandise exports reached US$ 292.07 billion, while imports stood at US$ 515.21 billion. The merchandise trade deficit for the period was US$ 223.13 billion.

Strong Growth in Key Export Sectors

Major contributors to export growth in November 2025 included:

• Engineering Goods: up 23.76% to US$ 11.01 billion

• Electronic Goods: surged 38.96% to US$ 4.81 billion

• Gems & Jewellery: rose 27.80% to US$ 2.64 billion

• Drugs & Pharmaceuticals: increased 20.91% to US$ 2.61 billion

• Petroleum Products: grew 11.65% to US$ 3.93 billion

Non-petroleum exports during April–November 2025 stood at US$ 254.08 billion, registering a growth of 5.86% over the previous year.

Services Trade Remains a Key Strength

Services exports for November 2025 are estimated at US$ 35.86 billion, while services imports stood at US$ 17.96 billion. For April–November 2025, services exports reached US$ 270.06 billion, generating a services trade surplus of US$ 134.13 billion, higher than the previous year.

 

Trade Partners and Import Trends

The United States, China, Spain, UAE and Tanzania emerged as the top export destinations showing strong growth during November 2025. On the import side, increased sourcing was seen from China, the USA, Thailand, Hong Kong and Brazil.

Notably, imports of gold, crude petroleum, vegetable oils and coal declined during November 2025, helping moderate the overall import bill.

Overall, the data reflects resilient export momentum, strong performance by manufacturing and services sectors, and improved trade dynamics amid global uncertainties.