India adds $14.05 billion to its merchandise trade deficit in Februray to take April-February total to $262.06 billion
18 Mar 2025
India imported goods valued at $36.91 billion in February 2025 against imports valued at $41.41 billion in February 2024. Imports into the country in February 2025 stood at $50.06 billion compared to imports valued at $60.92 billion in February 2024. his leaves a trade deficit of $14.05 billion for the month.
The country exported goods valued at $395.63 billion during the first 11 months of the fiscal (April-February 2024-25) against exports valued at $395.38 billion during April-February 2023-24. Merchandise imports during April-February 2024-25 stood at $656.68 billion compared to $621.19 billion during April-February 2023-24.
The cumulative deficit in India’s merchandise trade during April-February 2024-25 stood at $261.06 billion compared to $225.81 billion during April-February 2023-24.
Main growth drivers of merchandise exports in February 2025 included electronic goods, rice, mica, coal and other ores, minerals, including processed minerals, ready-made garments of all textiles and coffee.
Top five export destinations showing increase in value in February 2025 included USA (10.37 per cent), Australia (76.19 per cent), Japan (26.55 per cent), Brazil (10.85 per cent) and Nigeria (10.75 per cent).
Top five export destinations showing growth in value during April-February 2024-25 included USA (9.1 per cent), UAE (5.19 per cent), UK (12.47 per cent), Japan (21.67 per cent) and Netherlands (3.68 per cent).
Top five import sources showing increase in value in February 2025 included Thailand (145.45 per cent), China (7.83 per cent), Brazil (162.18 per cent), Ireland (117.17 per cent) and Oman (30.24 per cent).
Top five import sources showing increase in value in April-February 2024-25 included UAE (29.21 per cent), China (10.41 per cent), Thailand (42.4 per cent), USA (7.23 per cent) and Russia (4.9 per cent).
Cumulative exports, including merchandise and services, during April-February 2024-25 is estimated at $750.53 billion, compared to $706.43 billion in April-February2023-24, showing a growth of 6.24 per cent.
