The cumulative exports (merchandise & services) during April-May 2025 is estimated at US$ 142.43 Billion, as compared to US$ 134.69 Billion in April-May 2024, an estimated growth of 5.75%.
The cumulative exports (merchandise & services) during April-May 2025 is estimated at US$ 142.43 Billion, as compared to US$ 134.69 Billion in April-May 2024, an estimated growth of 5.75%.
May 2025
April-May 2025
Table 1: Trade during May 2025*
May 2025
(US$ Billion)
May 2024
(US$ Billion)
Merchandise
Exports
38.73
39.59
Imports
60.61
61.68
Services*
Exports
32.39
29.61
Imports
17.14
16.88
Total Trade
(Merchandise +Services) *
Exports
71.12
69.20
Imports
77.75
78.55
Trade Balance
-6.62
-9.35
* Note: The latest data for services sector released by RBI is for April 2025. The data for May 2025 is an estimation, which will be revised based on RBI’s subsequent release.
Fig 1: Total Trade during May 2025*
Table 2: Trade during April-May 2025*
April-May 2025
(US$ Billion)
April-May 2024
(US$ Billion)
Merchandise
Exports
77.19
74.89
Imports
125.52
116.16
Services*
Exports
65.24
59.79
Imports
34.05
33.64
Total Trade
(Merchandise +Services) *
Exports
142.43
134.69
Imports
159.57
149.81
Trade Balance
-17.14
-15.12
Fig 2: Total Trade during April-May 2025*
MERCHANDISE TRADE
Fig 3: Merchandise Trade during May 2025
Fig 4: Merchandise Trade during April-May 2025
Table 3: Trade excluding Petroleum and Gems & Jewellery during May 2025
(US$ Billion)
May 2024
(US$ Billion)
Non- petroleum exports
33.09
31.49
Non- petroleum imports
45.86
41.70
Non-petroleum & Non-Gems & Jewellery exports
30.71
28.73
Non-petroleum & Non-Gems & Jewellery imports
41.19
36.79
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during May 2025
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-May 2025
(US$ Billion)
April-May 2024
(US$ Billion)
Non- petroleum exports
64.25
59.75
Non- petroleum imports
90.06
79.70
Non-petroleum & Non Gems & Jewellery exports
59.37
54.73
Non-petroleum & Non Gems & Jewellery imports
80.46
70.05
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-May 2025
SERVICES TRADE
Fig 7: Services Trade during May 2025*
Fig 8: Services Trade during April-May 2025*
