As per data from the Ministry of Commerce and Industry, India’s goods trade deficit decreased to a 42-month low of $14.05 billion as imports of gold, silver and crude dipped in February 2025.

Trade Statistics for February 2025

• Trade Deficit: The merchandise trade deficit stood at $14.05 billion in February 2025 as compared to $19.5 billion in February 2024.
  • The difference between import and export of goods was $22.9 billion in January 2025. 
  • The trade deficit was also significantly lower than the average of over $23 billion during the first 10 months of FY2025. 
• Imports: Imports shrank 16.3% in the feb 2025 as against the same period last year to a 22-month low of $50.9 billion. 
  • Gold and Silver Imports: They were valued at $2.7 billion, which is the lowest since June 2024, when the value was $2.5 billion.
  • Crude and Petroleum: Imports were at $11.89 billion which was the lowest since July 2023, when the value was at $11.81 billion. 
  • Services: India imported services worth $16.55 billion in February 2025.
• Exports: It dipped 10.84% in February 2025 on a year-on-year basis, a part of the decline can be attributed to the base year effect related to the leap month.
  • Goods: India exported goods worth $36.9 billion in February 2025. 
  • Service: India exported services worth $35.03 billion higher from $28.33 billion in feb 2024.
• Current Account Balance: The current account will witness a surplus of around $5 billion in Q4 of FY2025, equivalent to around 0.5% of the GDP, in the ongoing quarter.