India's Goods and Services Exports Rise 2.65% to $73.6 Billion in March

Synopsis

India's combined exports of goods and services demonstrated a robust growth of 2.65%, reaching a total of $73.61 billion in March 2025. This growth is supported by rising exports in sectors such as electronics, coffee, and textiles, according to the latest data from the Ministry of Commerce and Industry.

Key Takeaways

Exports in March reached $73.61 billion.
Overall imports estimated at $77.23 billion.
Electronic goods exports surged by 32.47%.
Coffee and tobacco exports saw significant increases.
Cumulative non-petroleum exports valued at $374.08 billion.

New Delhi, April 16 (NationPress) India’s overall exports (including both merchandise and services) experienced a 2.65% annual increase, reaching $73.61 billion in March, according to data released by the Ministry of Commerce and Industry on Wednesday.

Estimated total imports for March 2025 stand at $77.23 billion, marking a commendable 4.90% growth.

The primary factors contributing to the growth of merchandise exports in FY 2024-25 (April-March) include coffee, tobacco, electronic devices, rice, jute products such as floor coverings, as well as meat, dairy, poultry items, tea, carpets, plastics, linoleum, ready-made garments from textiles, pharmaceuticals, cereal preparations, miscellaneous processed goods, mica, coal, ores, and minerals including processed variants, along with engineering products and a variety of fruits and vegetables.

The total exports (merchandise and services) for FY2024-25 is projected to rise by 5.50%, reaching $820.93 billion, compared to $778.13 billion in FY2023-24 (April-March).

Data indicates that exports of electronic goods surged by 32.47%, increasing from $29.12 billion in FY 2023-24 (April-March) to $38.58 billion in FY2024-25 (April-March).

Coffee exports rose by 40.37% from $1.29 billion in FY2023-24 (April-March) to $1.81 billion in FY 2024-25. Tea exports saw an increase of 11.84% from $0.83 billion in FY2023-24 to $0.92 billion in FY2024-25.

Tobacco exports grew by 36.53% from $1.45 billion in FY2023-24 to $1.98 billion in FY2024-25. Rice exports went up by 19.73% from $10.42 billion in FY2023-24 to $12.47 billion in FY2024-25.

According to the ministry's statistics, cumulative non-petroleum exports in FY2024-25 reached $374.08 billion, reflecting a 6.0% increase compared to $352.92 billion in FY2023-24.

Meanwhile, meat, dairy, and poultry product exports saw a rise of 12.57% from $4.53 billion in FY 2023-24 to $5.1 billion in FY2024-25, while textiles exports climbed by 10.03% from $14.53 billion in FY2023-24 to $15.99 billion in FY2024-25.

Drugs and pharmaceuticals exports increased by 9.39% from $27.85 billion in FY2023-24 to $30.47 billion in FY2024-25. Fruits and vegetables exports grew by 5.67% from $3.66 billion in FY2023-24 to $3.87 billion in FY2024-25.