New Delhi — India’s combined merchandise and services exports for April–October 2025 (FY26) are estimated at $491.80 billion, marking a 4.84% increase over the $469.11 billion recorded during the same period in FY25, according to data released by the Ministry of Commerce and Industry on Monday.
Merchandise exports for the seven-month period stood at $254.25 billion, slightly higher than $252.66 billion in April–October 2024, reflecting a 0.63% year-on-year growth.
Non-petroleum exports also showed improvement, rising 3.92% to $219.90 billion, up from $211.60 billion in the previous fiscal year.
Key Drivers of Export Growth in October
Several sectors contributed to the overall growth momentum in merchandise exports during October 2025:
- Electronic goods: Up 19.05%, from $3.43 bn (Oct 2024) to $4.08 bn
- Meat, dairy & poultry products: Up 30.87%, from $0.45 bn to $0.58 bn
- Marine products: Up 11.08%, from $0.81 bn to $0.90 bn
- Cashew: Up 126.85%, from $0.03 bn to $0.06 bn
- Coffee: Up 10.91%, from $0.12 bn to $0.13 bn
India’s total (merchandise + services) exports for October alone were $72.89 billion.
Imports & Trade Balance
Total imports in October 2025 touched $94.70 billion, a growth of 14.87% compared to October 2024.
Service imports during April–October 2025 were estimated at $118.87 billion, up from $114.96 billion in the corresponding period of last fiscal.
The services trade surplus improved significantly, reaching $118.68 billion in April–October 2025, compared with $101.49 billion a year earlier.
Top Export Destinations (October 2025 Growth)
The top five markets showing robust growth in Indian exports included:
- China — 42.35%
- Spain — 43.43%
- Sri Lanka — 29.02%
- Vietnam — 21.42%
- Tanzania — 17.92%
With inputs from IANS