India’s merchandise exports reached $38.49 billion in April, up 9.03 percent year over year, thanks to strong growth in important industries including electronics and engineering items. Additionally, according to data issued by the commerce ministry, a significant increase in imports caused the country’s trade deficit to widen to $26.42 billion, the largest level since November 2024, when the gap reached at $31.77 billion.
April’s imports increased 19.12% to $64.91 billion, mostly as a result of increased shipments of fertilizer and crude oil. Imports of gold increased 4.86 percent to $3.09 billion, while imports of crude oil alone increased 25.6 percent to $20.7 billion. April’s export increase was diverse, with a number of industries reporting impressive results. Tobacco, coffee, tea, rice, spices, marine products, petroleum products, gems and jewelry, ready-made clothing of various kinds, and medications were among them. Exports of engineering items rose 11.28 percent to $9.51 billion, while exports of electronics grew 39.51 percent to $3.69 billion.
India’s expected services sector exports increased from $30.18 billion in April 2024 to $35.31 billion in April 2025. In the meantime, services imports were valued at $17.54 billion, up from $16.76 billion the previous year.