New Delhi: In August 2025, India's total exports, which include both merchandise and services, reached $69.16 billion, reflecting a 9.34 percent increase compared to the previous year, according to data released by the Union Commerce Ministry on Monday. In August 2024, total exports were recorded at $63.25 billion.
Merchandise exports grew from USD 32.89 billion to USD 35.10 billion, while service exports increased from USD 30.36 billion to USD 34.06 billion in August 2025.
India's imports of goods and services amounted to USD 79.04 billion, a decrease from USD 84.99 billion in the same month last year.
The trade deficit for August decreased to USD 9.88 billion, down from USD 21.73 billion in the same month last year.
For the period of April to August in the fiscal year 2025-26, India's total exports have reached approximately USD 349.35 billion, marking a 6.18 percent increase year-on-year from USD 329.03 billion during the same period last year.
Imports in the country also saw a year-on-year rise during April-August, increasing by 2.5 percent according to the published data.
Overall, the combined imports of merchandise and services during April-August rose from USD 381.30 billion to USD 390.78 billion.
The combined trade deficit from April to August, which represents the difference between exports and imports, stood at USD 41.42 billion. This is a decrease from USD 52.27 billion during the same period of the previous fiscal year, reflecting a reduction of 20.8 percent.
In the recently concluded financial year 2024-25, India's total exports reached a record high of USD 824.9 billion. This achievement signifies a year-on-year growth of 6.01 percent compared to USD 778.1 billion in exports for 2023-24, establishing a new annual record.
Exports for 2024-25 surpassed the initial forecast of USD 800 billion.
During 2024-25, the growth momentum was primarily driven by services exports, which achieved a historic peak of USD 387.5 billion, marking an increase of 13.6 percent from USD 341.1 billion in the prior year. Meanwhile, merchandise exports for 2024-25 amounted to USD 437.42 billion, showing a slight rise.
India's overall trade deficit, encompassing both merchandise and services, expanded to USD 94.26 billion for the fiscal year 2024-25, up from USD 78.1 billion in 2023-24.
Among the various measures implemented by the government was the introduction of a Production Linked Incentive (PLI) scheme across multiple sectors, including electronics. This initiative aims to enhance the global competitiveness of Indian manufacturers, attract investments, boost exports, integrate India into the global supply chain, and decrease reliance on imports. These efforts appear to have yielded positive results in terms of increasing exports.
