Page 16 - Policy Economic Report - December 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

India’s foreign trade position
• India’s total exports (Merchandise and Services combined) for November 2025 is estimated at

US$ 73.99 Billion, registering a growth of 15.52 percent vis-à-vis November 2024.

• Total imports (Merchandise and Services combined) for November 2025 are estimated at US$
80.63 Billion, registering a negative growth of (-) 0.60 percent vis-à-vis November 2024.

Table 1: Trade during November 2025

November 2025 November 2024
(USD Billion) (USD Billion)
31.94
Merchandise Exports 38.13 63.87
32.11
Imports 62.66 17.25
64.05
Services Exports 35.86 81.11
-17.06
Imports 17.96

Total Trade Exports 73.99
80.63
(Merchandise + Services)

Imports

Trade Balance -6.64
Source- Ministry of Commerce & Industry

Figure 11: Total Trade during November 2025

Source- Ministry of Commerce & Industry Page | 15

November 2025