Indian goods exports flat in June, but Q1 shows resilience amid global headwinds

India exported goods worth $35.14 billion in June 2025, a tad lower than $35.16 billion the previous year. The performance was better in the case of non-petroleum and non-gems & jewellery exports, which grew to $28.74 billion in June compared to $27.43 billion during the same month the previous year.

According to the ministry estimates, the cumulative exports (merchandise and services combined) however are likely to show a 6.5% growth with combined exports for June 2025 likely to touch $ 67.98 billion, vis-à-vis June 2024. The estimated value of services export for June 2025 is $ 32.84 billion as compared to $28.67 billion in June 2024.

Electronic goods (46.93% growth), tea (32.64%), meat, dairy & poultry products (19.7%), marine products (13.33%), drugs & pharmaceuticals (5.95%), organic & inorganic chemicals (1.65%), engineering goods (1.35%), where among the key items that recorded positive growth during June 2025 over the corresponding month of last year.

Despite the tariff threats by US President Donald Trump, U.S. continued to be India’s top export destination with a growth percentage of 23.53% in June vis-à-vis June 2024. The other top export destinations, in terms of change in value growth, were China (17.18%), Kenya (76.2%), France (21.78%) and Brazil (23.02%). Top five import sources, in terms of change in value, exhibiting growth in June 2025 vis a vis June 2024 were Ireland (265.82%), Hong Kong (23.09%), Singapore (18.16%), Thailand (25.68%) and China (2.48%).

The Commerce Ministry officials said that for the April-June quarter, India’s export performance has been extremely good with the cumulative exports (merchandise & services) during April-June 2025 is estimated at $210.31 billion, an estimated growth of 5.94% as compared to $198.52 billion in April-June 2024. A senior Commerce Ministry official said that if this trend continues during the next three quarters, we will cross last year’s record-breaking exports by value in 2025-26.

“This outstanding performance has come despite challenging global conditions marked by geopolitical tensions, supply chain disruptions, and tariff uncertainties,” said S C Ralhan, president, Federation of Indian Export Organisations (FIEO). “Reaching this record level—up from $198 billion in the same quarter last year—is a powerful testament to the resilience and agility of Indian exporters”, he added.