India's goods exports increased 6.7 per cent (year-on-year) in August 2025 to $35.10 billion, fueled by sectors such as gem & jewellery, engineering, electronics and petroleum products. Shipments to Washington continued to be front loaded by exporters to avoid the brunt of US tariffs, but there was a slowdown compared to the previous months, per data released by the Commerce & Industry Ministry on Monday.

Trade deficit narrowed significantly to $26.49 billion in August 2025, from $35.64 billion in August 2024, as imports during the month declined 10.12 per cent to $61.59 billion. In July 2025, trade deficit was at $27.35 billion. Major contributor to the drop in imports in August 2025 was gold, whose shipments declined 56 per cent to $5.4 billion from $12.55 billion in the same month last year.