India’s exports to China surge 32% in April-November 2025

India’s merchandise exports to China have shown a remarkable increase, rising 32.83% during April-November 2025 compared to the same period last year, according to data released by the Commerce Ministry . Exports reached USD 12.22 billion , up from USD 9.20 billion in April-November 2024, reflecting stronger trade demand and improved export performance this financial year.

The export trend in 2025-26 has been encouraging. Exports began at USD 1.39 billion in April, climbed to USD 1.62 billion in May, and, after a slight mid-year moderation, gained momentum from September. Exports rose from USD 1.46 billion in September to USD 1.63 billion in October, peaking at USD 2.20 billion in November . In comparison, last year’s exports remained relatively subdued, dipping to USD 0.99 billion in August 2024 before modestly recovering to USD 1.16 billion in November 2024.

India’s trade with the United States also recorded gains, with US-bound exports rising over 21% year-on-year to USD 6.92 billion in November 2025, compared to USD 5.71 billion last year. However, October saw a slight dip, with exports falling nearly 9% year-on-year to USD 6.31 billion.

Overall, India’s trade picture is improving, with the trade deficit narrowing sharply . In November, the deficit fell to USD 24.53 billion from USD 41.68 billion in October. Combined trade in merchandise and services recorded exports of USD 73.99 billion in November 2025, up from USD 64.05 billion in November 2024, while imports declined marginally to USD 80.63 billion from USD 81.11 billion, bringing the overall trade deficit down to USD 6.64 billion, compared to USD 17.06 billion last year.

The robust export growth to China, along with a steady rise in US exports, signals a positive momentum in India’s global trade, providing a much-needed boost to the economy amid a dynamic international market.