India's Exports Rise by 4.84% to $491.8 Billion in April-October 2025

New Delhi: The Government of India announced on Monday that the total exports, encompassing both merchandise and services, for the period of April to October 2025, are estimated to be $491.80 billion. This figure reflects a growth of 4.84% from the $469.11 billion recorded in the same timeframe of the previous fiscal year, April to October 2024.

The cumulative value of merchandise exports during this period was $254.25 billion, showing a slight increase of 0.63% from $252.66 billion in the corresponding months of the last year. Additionally, non-petroleum exports during April to October were valued at $219.90 billion, which represents a growth of 3.92% compared to $211.60 billion in the previous year, according to data released by the Ministry of Commerce and Industry.

Growth Drivers

Key contributors to the growth of merchandise exports in October included electronic goods, meat, dairy and poultry products, marine products, cashew nuts, and coffee. Specifically, the exports of electronic goods surged by 19.05%, rising from $3.43 billion in October 2024 to $4.08 billion in October 2025. Exports of meat, dairy, and poultry products saw an impressive growth of 30.87%, climbing from $0.45 billion to $0.58 billion in the same period.

Marine products exports increased by 11.08%, from $0.81 billion to $0.90 billion, while cashew exports skyrocketed by 126.85%, from $0.03 billion to $0.06 billion. Coffee exports also grew by 10.91%, from $0.12 billion to $0.13 billion.

In total, India's exports for October 2025 amounted to $72.89 billion. Conversely, total imports for the same month are estimated at $94.70 billion, marking a notable growth of 14.87% in comparison to October 2024.

Services Trade Surplus

The estimated value of service imports between April and October 2025 was $118.87 billion, which is an increase from $114.96 billion during the same period in 2024. Consequently, the services trade surplus for April to October 2025 stands at $118.68 billion, compared to $101.49 billion in the previous year.

The data also highlighted the top five export destinations that experienced significant growth in October 2025. These countries include China, with a 42.35% increase, Spain at 43.43%, Sri Lanka at 29.02%, Vietnam at 21.42%, and Tanzania at 17.92%.

Overall, the upward trend in India's exports over the past months has been attributed to a combination of increased global demand and the diversification of India's export portfolio. As per a statement from the Ministry of Commerce and Industry, "The steady growth in exports underscores the resilience of the Indian economy despite global challenges."

The ongoing developments in international trade dynamics, coupled with India's strategic initiatives to enhance export performance, are likely to play a crucial role in shaping the country's economic landscape in the coming months.