India Witnesses 9.7% Surge in Goods and Services Exports for January

Synopsis

In January 2025, India's exports of goods and services reached an estimated $74.97 billion, reflecting a growth of 9.72% compared to the previous year. The surge was driven by electronic goods, engineering goods, and pharmaceuticals, with significant increases across various sectors.

Key Takeaways

Overall exports surged to $74.97 billion.
Merchandise exports declined slightly to $36.43 billion.
Non-petroleum exports increased by 14.47%.
Electronic goods exports soared by 78.97%.
Trade deficit reached $242.99 billion.

New Delhi, Feb 17 (NationPress) India’s combined exports of merchandise and services for January 2025 are projected to reach $74.97 billion, marking a 9.72% increase compared to January 2024, as per an announcement made by the Commerce and Industry Ministry on Monday.

The country’s merchandise exports for January 2025 amounted to $36.43 billion, down from $37.32 billion in January 2024.

However, non-petroleum merchandise exports in January 2025 were valued at $32.86 billion, reflecting a significant growth of 14.47% from $28.71 billion in January 2024.

The primary contributors to the growth in merchandise exports during January 2025 include electronic goods, engineering goods, drugs & pharmaceuticals, rice, and gems & jewellery.

Exports of electronic goods surged by an impressive 78.97%, climbing from $2.29 billion in January 2024 to $4.11 billion in January 2025, while engineering goods exports rose by 7.44% from $8.77 billion to $9.42 billion during this period.

Exports of drugs & pharmaceuticals increased by 21.46%, from $2.13 billion in January 2024 to $2.59 billion in January 2025.

Rice exports saw a significant rise of 44.61%, growing from $0.95 billion in January 2024 to $1.37 billion in January 2025, while gems & jewellery exports rose by 15.95%, from $2.59 billion in January 2024 to $3 billion in January 2025.

The estimated value of the country’s services exports for January 2025 is $38.55 billion, compared to $31.01 billion in January 2024.

India’s total imports (merchandise and services combined) for January 2025 are estimated at $77.64 billion, reflecting a positive growth of 12.98% compared to January 2024.

During the period from April to January 2024-25, India’s total exports (merchandise & services) are estimated at $682.59 billion, showing a positive growth of 7.21%. Total imports during this period are estimated at $770.06 billion, representing a growth of 8.96%.

The cumulative value of merchandise exports from April to January 2024-25 was $358.91 billion, compared to $353.97 billion during the same period in 2023-24, indicating a 1.39% growth.

India's merchandise trade deficit from April to January 2024-25 stood at $242.99 billion, up from $206.29 billion during the same period in 2023-24, according to official data.