Merchandise exports up 3% in April-May
Electronic goods exports increased by 54% to $4.57 billion in May 2025 from $2.97 billion in May 2024.;
Representational photo. Credit: APSEZ
Cumulative merchandise exports in April and May 2025 increased 3.07 percent to $77.19 billion compared to $74.89 billion in the same period last year.
Non-petroleum & non-gems & jewellery exports increased eight percent to $59.37 billion in April-May 2025 compared to the same period last year.
Cumulative exports (merchandise & services) during April-May 2025 is estimated at $142.43 billion compared to $134.69 billion in April-May 2024, an estimated growth of 5.75 percent, says an official release.
Electronic goods exports increased by 54 percent from $2.97 billion in May 2024 to $4.57 billion in May 2025. Organic & inorganic chemicals exports increased by 16 percent from $2.31 billion in May 2024 to $2.68 billion in May 2025,
Top five export destinations, in terms of change in value, exhibiting positive growth in May 2025 vis a vis May 2024 are USA (16.93 percent), China(25.04 percent), Australia (35.36 percent), Russia (48.11 percent) and Germany (17.05 percent).
"Despite global economic headwinds, India’s overall exports (merchandise and services combined) demonstrated resilience, registering a 2.8 percent growth in May 2025. Total exports reached $ 71.12 billion, up from $69.20 billion in May 2024. This uptick was primarily driven by continued strength in services exports, particularly in software, consultancy, and financial services," says S C Ralhan, President, Federation of Indian Export Organisations (FIEO).
"Exporters are adapting well to a tough global environment. The ability to sustain export growth despite logistical disruptions, especially in the Middle East, is a testament to the sector’s agility and policy support."
Ralhan pointed out that the decline in merchandise imports could also reflect growing success in import substitution and domestic capacity building, aligned with the government's push for self-reliance.
"With appropriate policy interventions and global conditions expected to stabilise in the second half of 2025, India is well-positioned to regain a strong export growth trajectory," says Ralhan.