New Delhi, Feb 17 (SocialNews.XYZ) India’s total exports of both merchandise and services for January 2025 are estimated at $74.97 billion, registering a growth of 9.72 per cent vis-a-vis January 2024, according to a statement issued by the Commerce and Industry Ministry on Monday.
The country’s merchandise exports during January 2025 were $36.43 billion as compared to $37.32 billion in January 2024.
However, non-petroleum merchandise exports in January 2025 were valued at $32.86 billion, registering an increase of 14.47 per cent as compared to $28.71 billion in January 2024.
The major drivers of merchandise export growth in January 2025 include electronic goods, engineering goods, drugs & pharmaceuticals, rice, and gems & jewellery.
Electronic goods exports jumped by a robust 78.97 per cent from $2.29 billion in January 2024 to $4.11 billion in January 2025 while engineering goods exports increased by 7.44 per cent from $8.77 billion to $9.42 billion during the month.
Drugs & pharmaceuticals exports increased by 21.46 per cent from $2.13 billion in January 2024 to $2.59 billion in January 2025.
Rice exports increased by 44.61 per cent from $0.95 billion in January 2024 to $1.37 billion in January 2025 while gems & jewellery exports went up by 15.95 per cent from $2.59 billion in January 2024 to $3 billion in January 2025.
The estimated value of the country’s services exports for January 2025 is $38.55 billion as compared to $31.01 billion in January 2024.
The country’s total imports (merchandise and services combined) for January 2025 are estimated at $77.64 billion, registering a positive growth of 12.98 per cent vis-a-vis January 2024.
India’s total exports during April-January 2024-25 (merchandise & services) are estimated at $682.59 billion, registering a positive growth of 7.21 per cent. Total imports during April-January 2024-25 are estimated at $770.06 billion which represents a growth of 8.96 per cent.
The cumulative value of merchandise exports during April-January 2024-25 was $358.91 billion, as compared to $353.97 billion during April-January 2023-24, registering a positive growth of 1.39 per cent.
The merchandise trade deficit of the country during April-January 2024-25 worked out to $242.99 billion as compared to $206.29 billion during April-January 2023-24, according to the official figures.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz