Amid global economic uncertainties, an increase of 1.87 percent has been recorded in merchandise exports from India in the last month (December 2025). During this period, India has exported 38.51 billion dollars. Whereas, in the same period of the previous year (December 2024), $ 37.80 billion was exported. At the same time, the import of goods increased by 8.7 percent last month to $ 63.55 billion, which was $ 58.43 billion in December 2024. In this way, due to increase in import of goods last month, trade deficit increased to $ 25.04 billion. Import-export data released by the Commerce Ministry on Thursday shows that including goods and services, India exported $ 74.01 billion last month, whereas in December 2024 it had exported $ 74.77 billion.
Decline in services exports
There has been a decline in the export of services during this period, which has decreased from 36.97 to 36.50 billion dollars. At the same time, if we talk about imports, India’s total export of goods and services in December 2025 has been 80.84 billion dollars, which was 76.23 billion dollars in December 2024.
During the current financial year (April-December), the country’s total merchandise exports have increased by 2.44 percent to $330.29 billion. While imports increased by 5.9 percent to $578.61 billion.
Total trade deficit reached $248.32 billion in nine months
In this way, the total trade deficit in the first nine months of the financial year was recorded at $248.32 billion. If we look at the export of goods and services sector together, then the export has increased by 4.33 percent in the last nine months which was 607.93 billion dollars in the financial year 2024-25, but till December of the current financial year itself, the export has increased to 634.26 billion dollars.
Positive trend on the export front
Regarding exports, Commerce Secretary Rajesh Aggarwal says that despite all the global challenges, India’s exports are looking positive. Looking at the current trends, it is expected that the total exports (goods and services) may cross the $850 billion mark in the current financial year. Exports in sectors like engineering products, electronics, marine products and pharmaceuticals have increased in the last month. With this, India’s exports to America, China and United Arab Emirates (UAE) are increasing at a steady pace.
Growing trade with America and China
Amidst the global tussle, America has imposed 50 percent tariff on India, but despite this, exports to America have remained stable in December as compared to November. Last month, exports from India were worth 6.89 billion dollars. Whereas in November 2025, exports were worth $6.98 billion. If compared to December 2024, there is a slight decrease because in December 2024, exports from India were worth $7.01 billion. On the other hand, the current financial year shows an increase of 9.75 percent as compared to the financial year 2024-25. At the same time, an increase of 36.68 percent has been recorded in exports to China.
Status of exports to China-America
Country 2024-25 2025-26 Growth in Percentage
America 60.03 65.88 9.75
China 10.42 14.25 36.68
Note- Figures are in billion dollars.
