India’s drugs and pharmaceuticals exports grew by 5.95 percent, rising from USD 2.47 billion in June 2024 to USD 2.62 billion in June 2025, according to the latest data released by the Ministry of Commerce and Industry.

India’s total exports (merchandise and services combined) stood at USD 67.98 billion in June 2025, registering a 6.50 percent growth year-on-year. Cumulatively, exports during April-June 2025 reached USD 210.31 billion, up 5.94 percent from USD 198.52 billion in the same period last year.

However, merchandise exports in June 2025 remained nearly flat at USD 35.14 billion, compared to USD 35.16 billion in June 2024. Cumulative merchandise exports for April-June 2025 were USD 112.17 billion, up 1.92 percent, from the previous year.

Alongside drugs and pharmaceuticals, key contributors to merchandise export growth in June 2025 included electronic goods, engineering goods, marine products, and meat, dairy, and poultry products.

Electronic goods exports saw a sharp rise of 46.93 percent, growing from USD 2.82 billion in June 2024 to USD 4.15 billion in June 2025. Engineering goods exports registered a modest increase of 1.35 percent, reaching USD 9.50 billion from USD 9.38 billion during the same period.

Exports of marine products rose by 13.33 percent, from USD 0.56 billion to USD 0.63 billion, while meat, dairy, and poultry products exports climbed by 19.70 percent, from USD 0.31 billion to USD 0.37 billion.

Meanwhile, services exports saw strong momentum, with June 2025 figures at USD 32.84 billion, compared to USD 28.67 billion a year earlier. For the April-June 2025 quarter, services exports were estimated at USD 98.13 billion, a rise from USD 88.46 billion in the same period last year.

The top five export destinations showing the highest growth in value during April–June 2025 compared to the same period in 2024 were the USA (22.18 percent), China (17.87 percent), Kenya (69.83 percent), Germany (10.79 percent), and Australia (14.01 percent).

For June 2025 alone, the leading destinations with significant year-on-year growth were the USA (23.53 percent), China (17.18 percent), Kenya (76.2 percent), France (21.78 percent), and Brazil (23.02 percent).

India’s total imports (merchandise and services) during April-June 2025 reached USD 230.62 billion, up 4.38 percent year-on-year. Imports in June alone were USD 71.50 billion, showing modest growth of 0.50 percent.

Merchandise imports for June 2025 declined to USD 53.92 billion from USD 56 billion last year, while service imports rose to USD 17.58 billion, up from USD 15.14 billion in June 2024.

Merchandise imports during April–June 2025 stood at USD 179.44 billion, up from USD 172.16 billion in the same period in 2024. Service imports for the quarter were estimated at USD 51.18 billion, compared to USD 48.78 billion during April–June 2024.

India recorded a services trade surplus of USD 46.95 billion in April-June 2025, compared to USD 39.68 billion in the same period last year. However, the merchandise trade deficit widened to USD 67.26 billion, up from USD 62.10 billion.

The top five import sources showing the highest growth in value during April–June 2025 compared to the same period in 2024 were China (16.33 percent), United Arab Emirates (28.73 percent), Ireland (281.04 percent), USA (11.68 percent), and Hong Kong (33.22 percent).

For June 2025 alone, the leading sources of imports with notable year-on-year growth were Ireland (265.82 percent), Hong Kong (23.09 percent), Singapore (18.16 percent), Thailand (25.68 percent), and China (2.48 percent).