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India’s merchandise exports contract 11.8% to $34.38 billion in October 2025
Nov-18-2025

The commerce ministry in its latest data has showed that India’s merchandise exports contracted 11.8 per cent to $34.38 billion in October 2025 as compared to $38.98 billion in October 2024, on account of the impact of high tariffs by the US. The country's imports jumped 16.63 per cent to an all-time high of $76.06 billion in October 2025 as compared to $65.21 billion in October 2024, due to high inbound shipments of the yellow metal, silver, cotton raw/waste, fertiliser, and sulphur. The trade deficit widened to a record high of $41.68 billion during the month, mainly due to a jump in gold imports. In September 2025, the trade gap widened to $31.15 billion, the highest in over a year.    

According to the data, merchandise exports during April-October 2025 were $254.25 billion as compared to $252.66 billion during April-October 2024. Merchandise imports during April-October 2025 were $451.08 billion as compared to $424.06 billion during April-October 2024. Merchandise trade deficit during April-October 2025 was $196.82 billion as compared to $171.40 billion during April-October 2024.

Non-petroleum and non-gems & jewellery exports in October 2025 were $28.14 billion as compared to $31.32 billion in October 2024. Non-petroleum and non-gems & jewellery exports in April-October 2025 were $203.40 billion as compared to $194.41 billion in April-October 2024. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in October 2025 were $42.78 billion compared to $39.58 billion in October 2024. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-October 2025 were $286.28 billion, as compared to $264.56 billion in April-October 2024.  


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