Archive · 16 Dec 2025
India's Trade Deficit Narrows in November 2025
India's trade deficit, which is the difference between what the country imports and exports, got smaller in November 2025.
The deficit went down to $24.53 billion from $41.68 billion in October.
This happened because India sold more things to other countries, like the US, and bought fewer things from them.
The government has been helping by cutting taxes and making it easier for businesses to export.
Even though some countries like the US and Mexico have put higher taxes on Indian goods, India's exports are still doing well.
The next update on trade will come out next month.
India's trade deficit narrowed to $24.53 billion in November 2025, down from $41.68 billion in October 2025.
Exports increased by 1.35% to $38.13 billion, while imports decreased by 1.88% to $62.66 billion.
Exports to the US rose by $1.3 billion to $6.98 billion despite high tariffs.
Services trade exports reached $35.86 billion, with a surplus of $17.90 billion.
The government has implemented tax cuts, export incentives, and labor reforms to mitigate the impact of high US tariffs.
- Who
- Government of India
- What
- Release of trade data for November 2025
- When
- December 15, 2025
- Where
- India
- Why
- To provide insights into the country's trade performance and economic conditions
- Trade Deficit (November 2025)
- $24.53 billion
- Trade Deficit (October 2025)
- $41.68 billion
- Exports (November 2025)
- $38.13 billion
- Imports (November 2025)
- $62.66 billion
- Exports to US (November 2025)
- $6.98 billion
- Services Trade Surplus (November 2025)
- $17.90 billion
- Exports to UAE (April-November 2025)
- $25.49 billion
- Imports from China (April-November 2025)
- $84.27 billion
Sources
Wholesale price inflation at -0.32% in November Vs -1.21% in October
GST cuts clearly reduced inflation, but did they actually stoke demand?
WPI inflation rises to (-) 0.32 pc in November
India’s trade deficit narrows to $24.53 billion in November
Wholesale price inflation rises to (-) 0.32% in November, as against (-) 1.21% in October
WPI inflation rises to (-) 0.32% in November
Exports up 19.37 pc to USD 38.13 bn in November
India’s trade deficit narrows to $24.53 billion in November, exports jump 19.37%
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WPI inflation in Nov spikes to -0.32%, driven by decrease in food articles prices
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WPI inflation in negative for second month at (-) 0.32% in Nov
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India Trade Deficit Shrinks to $24.5B in Nov 2025: Exports Surge Despite US Tariffs
Wholesale Inflation Goes Down By 0.32pc In November
WPI inflation remains negative for second month at (-) 0.32% in Nov
Why India's Private Sector Growth Hits 10-Month Low In November
