India, Dec. 15 -- The Government of India has issued a release:

November 2025

November 2024

Merchandise

Exports

38.13

31.94

Imports

62.66

63.87

Services*

Exports

35.86

32.11

Imports

17.96

17.25

Total Trade

Exports

73.99

64.05

Imports

80.63

81.11

Trade Balance

-6.64

-17.06

April-November 2025

April-November 2024

Merchandise

Exports

292.07

284.60

Imports

515.21

487.93

Services*

Exports

270.06

248.56

Imports

135.93

132.21

Total Trade

Exports

562.13

533.16

Imports

651.13

620.14

Trade Balance

-89.00

-86.98

November 2024

Non- petroleum exports

34.20

28.42

Non- petroleum imports

48.55

47.96

Non-petroleum & Non-Gems & Jewellery exports

31.56

26.35

Non-petroleum & Non-Gems & Jewellery imports

41.61

36.67

April-November 2024

Non- petroleum exports

254.08

240.02

Non- petroleum imports

394.18

360.09

Non-petroleum & Non Gems & Jewellery exports

234.94

220.76

Non-petroleum & Non Gems & Jewellery imports

329.36

301.23

(US$ Billion)

(US$ Billion)

(Merchandise +Services) *

(US$ Billion)

(US$ Billion)

(Merchandise +Services) *

(US$ Billion)

(US$ Billion)

(US$ Billion)

(US$ Billion)

India's total exports (Merchandise and Services combined) for November 2025* is estimated at US$ 73.99 Billion, registering a positive growth of 15.52 percent vis-a-vis November 2024. Total imports (Merchandise and Services combined) for November 2025* is estimated at US$ 80.63 Billion, registering a negative growth of (-) 0.60 percent vis-a-vis November 2024

Table 1: Trade during November 2025*

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

Fig 1: Total Trade during November 2025*

India's total exports during April-November 2025* is estimated at US$ 562.13 Billion registering a positive growth of 5.43 percent. Total imports during April-November 2025* is estimated at US$ 651.13 Billion registering a growth of 5 percent.

Table 2: Trade during April-November 2025*

Fig 2: Total Trade during April-November 2025*

MERCHANDISE TRADE

Fig 3: Merchandise Trade during November 2025

Fig 4: Merchandise Trade during April-November 2025

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

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

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

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

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

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

SERVICES TRADE

Fig 7: Services Trade during November 2025*

Fig 8: Services Trade during April-November 2025*

*Link for Quick Estimates

Disclaimer: Curated by HT Syndication.