Overview
- Merchandise imports fell 1.88% to $62.66 billion, with gold imports down 59% to $4.0 billion and crude oil down 11% to $14.11 billion.
- Exports to the United States rose 22.6% to about $7.0 billion despite tariffs of up to 50%, while shipments to China jumped roughly 90% to $2.2 billion.
- Growth was broad-based, led by electronics (about 39%), engineering goods (about 23.8%) and gems and jewellery (about 27.8%), with pharmaceuticals also contributing.
- Services exports were estimated at $35.86 billion, yielding a services surplus of about $17.90 billion and lifting combined goods-and-services exports to roughly $73.99 billion.
- For April–November, merchandise exports reached $292.07 billion against imports of $515.21 billion, leaving a $223.14 billion deficit, as the government finalises components of the ₹25,060 crore Export Promotion Mission and continues trade talks with the US.