India’s exports contract 2.38% to $36.43 billion in January

India's exports decline in January, imports rise, resulting in a trade deficit of $22.99 billion.

India’s merchandise exports dipped by 2.38% to $36.43 billion in January against $37.32 billion a year ago, according to government data released on Monday (February 17, 2025).

Imports increased by 10.28% to $59.42 billion last month compared to $53.88 billion in January 2024.

The trade deficit, or the gap between imports and exports, stood at $22.99 billion during the month under review.

During April-January period this fiscal, exports increased by 1.39% to $358.91 billion and imports by 7.43% to $601.9 billion.