New Delhi: India exports November 2025 recorded strong momentum, with total exports of merchandise and services combined estimated at US$ 73.99 billion, registering a year-on-year growth of 15.52% compared to November 2024.
During the same month, total imports are estimated at US$ 80.63 billion, reflecting a marginal decline of 0.60% year-on-year.
India Exports November 2025: Trade Performance Strengthened
Cumulatively, India exports November 2025 contributed to total exports of US$ 562.13 billion during April–November 2025, compared to US$ 533.16 billion in the corresponding period last year, indicating a growth of 5.43%.
Total imports during April–November 2025 are estimated at US$ 651.13 billion, up 5% year-on-year, resulting in an overall trade deficit of US$ 89.00 billion.
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Merchandise Exports Show Steady Growth
Merchandise exports in November 2025 stood at US$ 38.13 billion, significantly higher than US$ 31.94 billion in November 2024.
Merchandise imports during the month declined to US$ 62.66 billion from US$ 63.87 billion a year earlier.
For the April–November 2025 period, merchandise exports rose to US$ 292.07 billion from US$ 284.60 billion in the same period last year, while imports increased to US$ 515.21 billion.
Non-Petroleum Exports Support Trade Expansion
Non-petroleum exports during April–November 2025 were valued at US$ 254.08 billion, registering a growth of 5.86% over US$ 240.02 billion recorded in April–November 2024.
Non-petroleum and non-gems & jewellery exports for the same period reached US$ 234.94 billion, compared to US$ 220.76 billion last year.
Sectoral Performance Boosts India Exports November 2025
Several sectors recorded notable growth in November 2025. Engineering goods exports surged by 23.76% to US$ 11.01 billion, while electronic goods exports jumped 38.96% to US$ 4.81 billion.
Gems and jewellery exports increased by 27.80% to US$ 2.64 billion, drugs and pharmaceuticals by 20.91% to US$ 2.61 billion, and petroleum products by 11.65% to US$ 3.93 billion.
Other export categories such as iron ore, cashew, oil meals, cereals, coffee, meat and dairy products, handicrafts, chemicals, textiles, marine products, spices, and tea also recorded positive growth during the month.
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Services Trade Maintains Strong Surplus
Services exports in November 2025 are estimated at US$ 35.86 billion, compared to US$ 32.11 billion in November 2024, while services imports rose to US$ 17.96 billion.
For April–November 2025, services exports are estimated at US$ 270.06 billion, up from US$ 248.56 billion last year, resulting in a services trade surplus of US$ 134.13 billion.
India exports November 2025: Key Trading Partners Show Positive Momentum
The top export destinations showing positive growth in November 2025 compared to November 2024 include the USA, China, Spain, the UAE, and Tanzania.
On a cumulative basis for April–November 2025, the USA, China, Spain, the UAE, and Hong Kong recorded strong growth in export value.
On the import side, China, the USA, Thailand, Hong Kong, and Brazil emerged as the top sources showing growth during November 2025.
