India merchandise trade deficit reaches 25 billion dollars in December as US exports remain resilient

India's trade deficit hit $25.04 billion in December despite resilient exports to the US. A services surplus of $18.12 billion helped balance the position.

Insights:
India ININmerchandise trade deficit was $25.04 billion in December 2025, a figure that came in lower than the $27 billion forecast by economists but higher than the $24.53 billion recorded in November. Merchandise imports rose to $63.55 billion in December from $62.66 billion the previous month, while merchandise exports rose to $38.51 billion from $38.13 billion in November. This trade performance occurred as the nation adjusted to global economic shifts and consistent domestic demand.
Shipping containers are parked at Thar Dry Port in Sanand in the western part of Gujarat, India, August 27, 2025. REUTERS/Amit Dave
Shipping containers are parked at Thar Dry Port in Sanand in the western part of Gujarat, India, August 27, 2025. REUTERS/Amit Dave
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