The commerce ministry in its latest data has showed that India’s merchandise exports rose 1.87 per cent to $38.5 billion in December 2025 as compared to $37.80 billion in December 2024, despite persistent global economic headwinds. Merchandise imports during December 2025 were $63.55 billion as compared to $58.43 billion in December 2024. As a result, the trade deficit, (difference between imports and exports) widened to $25 billion in December of 2025 from $20.6 billion in the corresponding period of the previous year, marking the sharpest trade gap for the month on record.
According to the data, cumulatively, merchandise exports were up 2.44 per cent to $330.29 billion during April- December 2025 as compared to $322.41 billion during April- December 2024. Merchandise imports rose by 5.90 per cent to $578.61 billion during April- December 2025 as compared to $546.36 billion during April- December 2024. Merchandise trade deficit during April- December 2025 was $248.32 billion as compared to $223.96 billion during April- December 2024.
Non-petroleum and non-gems & jewellery exports in December 2025 were $32.02 billion as compared to $30.96 billion in December 2024. Non-petroleum and non-gems & jewellery exports in April-December 2025 were $266.94 billion, compared to $251.73 billion in April-December 2024. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in December 2025 were $42.72 billion as compared to $38.44 billion in December 2024. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-December 2025 were $371.93 billion, as compared to $339.67 billion in April-December 2024.
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