India’s total exports (Merchandise and Services combined) for August 2025* is estimated at US$ 69.16 Billion, registering a positive growth of 9.34 percent vis-à-vis August 2024. Total imports (Merchandise and Services combined) for August 2025* is estimated at US$ 79.04 Billion, registering a negative growth of (-) 7 percent vis-à-vis August 2024.

Table 1: Trade during August 2025*

* Note: The latest data for services sector released by RBI is for July 2025. The data for August 2025 is an estimation. (ii) Data for April-August 2024 and April-June 2025 has been revised on pro-rata basis using quarterly balance of payments data.

Fig 1: Total Trade during August 2025*

India’s total exports during April-August 2025* is estimated at US$ 349.35 Billion registering a positive growth of 6.18 percent. Total imports during April-August 2025* is estimated at US$ 390.78 Billion registering a growth of 2.49 percent.

Table 2: Trade during April-August 2025*

Fig 2: Total Trade during April-August 2025*   

MERCHANDISE TRADE

• Merchandise exports during August 2025 were US$ 35.10 Billion as compared to US$ 32.89 Billion in August 2024.
• Merchandise imports during August 2025 were US$ 61.59 Billion as compared to US$ 68.53 Billion in August 2024.

Fig 3: Merchandise Trade during August 2025

• Merchandise exports during April-August 2025 were US$ 184.13 Billion as compared to US$ 179.60 Billion during April-August 2024.
• Merchandise imports during April-August 2025 were US$ 306.52 Billion as compared to US$ 300.12 Billion during April-August 2024.
• Merchandise trade deficit during April-August 2025 was US$ 122.39 Billion as compared to US$ 120.52 Billion during April-August 2024.

Fig 4: Merchandise Trade during April-August 2025

• Non-petroleum and non-gems & jewellery exports in August 2025 were US$ 28.31 Billion compared to US$ 26.68 Billion in August 2024.
• Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in August 2025 were US$ 41.02 Billion compared to US$ 41.41 Billion in August 2024.

Table 3: Trade excluding Petroleum and Gems & Jewellery during August 2025

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 5: Trade excluding Petroleum and Gems & Jewellery during August 2025                                                                                                                                                           

• Non-petroleum and non-gems & jewellery exports in April-August 2025 were US$ 146.71 Billion, compared to US$ 136.13 Billion in April-August 2024.
• Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-August 2025 were US$ 201.76 Billion, compared to US$ 188.01 Billion in April-August 2024.

Table 4: Trade excluding Petroleum and Gems & Jewellery during April-August 2025

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-August 2025

SERVICES TRADE

• The estimated value of services export for August 2025* is US$ 34.06 Billion as compared to US$ 30.36 Billion in August 2024.
• The estimated value of services imports for August 2025* is US$ 17.45 Billion as compared to US$ 16.46 Billion in August 2024.

Fig 7: Services Trade during August 2025*

• The estimated value of service exports during April-August 2025* is US$ 165.22 Billion as compared to US$ 149.43 Billion in April-August 2024.
• The estimated value of service imports during April-August 2025* is US$ 84.25 Billion as compared to US$ 81.18 Billion in April-August 2024.
• The services trade surplus for April-August 2025* is US$ 80.97 Billion as compared to US$ 68.25 Billion in April-August 2024.

Fig 8: Services Trade during April-August 2025*

• Exports of  Other Cereals  (89.69%), Electronic Goods (25.93%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (24.57%), Tea (20.52%), Meat, Dairy & Poultry Products (17.69%), Gems & Jewellery (15.57%), Rice (11.94%), Ceramic Products & Glassware (11.4%), Marine Products (7.87%), Cereal Preparations & Miscellaneous Processed Items (7.3%), Drugs & Pharmaceuticals (6.94%), Petroleum Products (6.54%), Fruits & Vegetables (5.77%), Engineering Goods (4.91%), Organic & Inorganic Chemicals (3.76%), Oil Seeds (3.62%), Spices (0.52%) and Leather & Leather Products (0.14%) record positive growth during August 2025 over the corresponding month of last year.
• Imports of Project Goods (-90.63%), Pulses (-64.14%), Silver (-59.67%), Gold (-56.67%), Newsprint (-35.28%), Leather & Leather Products (-27.04%), Dyeing/Tanning/Colouring Mtrls. (-26.84%), Transport Equipment (-26.54%), Coal, Coke & Briquettes, Etc. (-26.2%), Wood &  Wood Products (-14.46%), Iron & Steel (-10.98%), Artificial Resins, Plastic Materials, Etc. (-9.69%), Organic & Inorganic Chemicals (-5.19%), Chemical Material & Products (-3.73%), Pulp And Waste Paper (-3.25%) and Textile Yarn Fabric, Made-Up Articles (-0.6%) record negative growth during August 2025 over the corresponding month of last year.
• Services exports is estimated to grow by 10.57 percent during April-August 2025* over April-August 2024.
• Top 5 export destinations, in terms of change in value, exhibiting positive growth in August 2025 vis a vis August 2024 are U Arab Emts (23.42%), U S A (7.15%), Netherland (17.87%), Hong Kong (62.46%) and China P Rp (22.38%).
• Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-August 2025 vis a vis April-August 2024 are U S A (18.06%), China P Rp (19.82%), U Arab Emts (6.53%), Hong Kong (26.19%) and Germany (11.73%).
• Top 5 import sources, in terms of change in value, exhibiting growth in August 2025 vis a vis August 2024 are Russia (21.7%), Saudi Arab (38.43%), Ireland (150.15%), Iraq (8.85%) and Qatar (15.25%).
• Top 5 import sources, in terms of change in value, exhibiting growth in April-August 2025 vis a vis April-August 2024 are China P Rp (10.19%), Ireland (266.67%), U Arab Emts (9.18%), Hong Kong (24.05%) and U S A (8.54%).

*Link for Quick Estimates

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Abhishek Dayal/ Abhijith Narayanan