January Trade Deficit Widens to $ 23 Bn as Exports Dip by 2.38% on Year -

DURING April-January Period This Fiscal, Exports Increased By 1.39% to $ 358.91 billion. File | Photo Credit: Vipin Chandran

India’s Trade Deficit Widened to $ 22.99 Billion in January 2025, UP from $ 16.56 billion in the same month last year, as goods expen doubles doubled 2.38% year on year to $ 36.43 billion, the third Consecurable Month of Fall, as per government data. The decline in expenses was brought up to a sharp fall in petroleum products expenses.

Imports Increased by 10.28% to $ 59.42 billion in January 2025 with a Rise in Inbound Shipments of Electronic Goods, Gold, Non-Ferrous Metals, Iron and Steel and Chemicals, AMONG OTHERS, AMONGINS Quick Estimates of Trade Data for the Month Shared by the Commerce Minostry on Monday. Goods Exports Fell in January 2025 as Petroleum Products Exports Reduced by more than half during Exporters, Commerce Secretary Sunil Barthwal Said. Despite Global Conflicts and Tariff Wars, India has been able to do well in bot in both goods and services expenses, He Said.

“Electronic Goods are driving expenses, followed by drugs, pharmaceuticals and rice,” He said adding that gems and jewelry had picked up after a long time, which was a good people.