India’s export sector continued its upward trajectory in the current financial year, with cumulative merchandise and services exports reaching USD 491.80 billion during April–October 2025, marking a 4.84% growth compared to USD 469.11 billion recorded during the same period last year.
Moderate Rise in Merchandise Exports
Merchandise exports for April–October 2025 stood at USD 254.25 billion, up from USD 252.66 billion in April–October 2024—a modest but positive growth of 0.63%.
Non-petroleum exports performed notably better, increasing by 3.92% to USD 219.90 billion, compared to USD 211.60 billion in the corresponding period last year. The data reflects expanding global demand for India’s high-value and agri-based products.
Key Growth Drivers in October 2025
Several high-performing sectors contributed to merchandise export momentum in October 2025. Major growth drivers included:
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Electronic Goods: Up 19.05% at USD 4.08 billion (from USD 3.43 billion in October 2024)
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Meat, Dairy & Poultry Products: Up 30.87% at USD 0.58 billion
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Marine Products: Up 11.08% at USD 0.90 billion
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Cashew: Up a strong 126.85% at USD 0.06 billion
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Coffee: Up 10.91% at USD 0.13 billion
These categories reflect India’s strengthening position in electronics manufacturing, processed food exports, seafood markets, and value-added agricultural products.
October 2025 Export–Import Snapshot
Despite overall growth in the April–October period, monthly figures for October 2025 show mixed performance.
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Total exports (merchandise + services): USD 72.89 billion, marking a slight decline of 0.68% compared to October 2024.
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Total imports (merchandise + services): USD 94.70 billion, posting a sharp increase of 14.87%.
The rise in imports is attributed largely to higher inward shipments of energy products, industrial inputs, and capital goods, signalling strong domestic demand and production activity.
Economic Outlook
Experts note that India’s export landscape remains resilient despite global uncertainties. The sustained rise in non-petroleum exports and strong growth in technology-driven and agri-based sectors underline the country’s diversified export potential.
Government officials expressed optimism that the continuing push for manufacturing, supply chain diversification, and trade facilitation will further strengthen export growth in the coming months.
Photo by Tom Fisk: