By Anjali Sharma
NEW YORK – The data released by the Commerce Ministry of India on Tuesday said that India’s overall exports on Tuesday witnessed a rise on 6% year-on-year in the first quarter of the current financial year, reached $210.31 billion.
It marks the highest-ever first-quarter export figure.
The trade deficit narrowed sharply in June 2025, falling to $3.51 billion from $7.30 billion a year earlier. The trade deficit declined 9.41% year-on-year.
The ministry said both merchandise and services exports registered growth in the April-June 2025 period, and if the current trend sustains, India could surpass last year’s overall export performance.
There has been a year-on-year fall in exports of petroleum products, gems and jewelery, and cotton yarn in the April–June quarter.
A decline in petroleum prices contributed to lower values on both the export and import sides.
The imports of gold, coal, and petroleum products also saw a decline. Gold imports in June stood at $1.8 billion, while petroleum imports were valued at $13.7 billion.
The commerce ministry highlighted that the trade diversions were taking place across the globe.
In response to concerns over import surges, the Commerce Ministry said regular monitoring is underway and reports are being sent to line ministries. If imports are found to be harming the domestic industry, they will be referred to the Directorate General of Trade Remedies for appropriate action.
India Commerce Secretary Sunil Barthwal said India’s export performance in the first quarter has been remarkably strong despite global uncertainties and disruptions, including tensions in the Strait of Hormuz during the recent Israel-Iran conflict.
He said that if the current momentum continues, the country would be well on track to surpass last year’s record-high export levels.
“Both merchandise as well as services are in the positive territory. They have done better than what was expected,” he added.
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