India’s exports in January 2025 increase from $ 74.97 BN to $ 68.33 BN, trade deficit increases to $ 2.67 BN

India’s overall exports, including both goods and services, rose to USD 74.97 billion in January 2025, marking the USD 68.33 billion in January 2024, which was released in 2024.

However, the country’s trade deficit increased to an USD 2.67 billion from about 0.39 BN, as the import is 77.64 billion compared to USD 68.72 billion in the same month.

Commerce Secretary Sunil Barthwal highlighted a strong export performance from April 2024 to January 2025, stating, “Our exports have seen an increase of 7.21 percent during April-Jan. During April-January, we have seen an increase of $ 46 BN from the previous year period. During the same period, the export of our goods earned $ 5 BN. ,

“Our non-petrolium exports alone increased by 14.47 percent in January, which is very high. This indicates that we are very good in export of goods and services, ”he/she said.

In major areas, rice exports saw an impressive leap of 44.61 percent, strengthening India’s dominance in global rice trade. Additionally, a revival in the export of gems and jewelery was observed, increasing 15.9 percent in January, marking a significant recovery in the section.

India’s exports remain flexible, reflecting the country’s trade policies and the strength of the demand for the global market, which has been flexible despite the ongoing geopolitical conflicts and tariff challenges.

As of 15 January, India’s exports saw an increase of 6.03 percent during April-December 2024, reaching an estimated USD 602.64 billion compared to USD 568.36 billion in the same period of 2023.

Merchandise exports for the first nine months of FY2024 were at USD 321.71 billion, indicating an increase of 1.6 percent from USD 316.65 billion in the previous year. In particular, non-petrolium exports increased by 5.05 percent in December 2024, reaching 33.09 billion USD in December 2023, above 31.50 billion USD.