India’s exports to China have shown strong momentum in the first four months of FY25, signaling improved trade performance and competitiveness. The period from April to July 2025 recorded a significant year-on-year increase, driven by strong demand in petroleum products, electronics, and chemicals.
Overall Performance
- Year-on-Year Growth: India’s exports to China grew 20%, reaching $5.76 billion.
- Trade Balance Context: Despite this growth, India continues to face a substantial trade deficit with China, which stood at $99.2 billion in FY25.
Monthly Export Breakdown
| Month | Exports (2025) | Exports (2024) | Change (%) |
|---|---|---|---|
| April | $1.39 billion | $1.25 billion | +11% |
| May | $1.63 billion | $1.32 billion | +23% |
| June | $1.38 billion | ~$1.18 billion* | +17% |
| July | $1.35 billion | $1.06 billion | +27% |
| Total | $5.76 billion | $4.81 billion | +20% |
*Estimated based on reported percentage increase.
Sector-Wise Highlights
The growth was fueled by strong performances in key sectors:
| Sector | Export Value / Growth |
|---|---|
| Petroleum Products | ~$883 million; nearly doubled compared to last year. |
| Electronic Goods | ~$521 million; more than threefold increase. |
| Agricultural Products | Robust growth; specific numbers not provided. |
| Organic & Inorganic Chemicals | Strong contribution to overall figures. |
| Gems & Jewellery | Notable rise in exports. |
| Pharmaceuticals | Key component in the bilateral trade mix. |
Key Takeaways
- Diverse Export Basket: Petroleum, electronics, chemicals, and agriculture remain pillars of growth.
- Competitiveness: Triple-digit growth in electronics highlights India’s increasing capability in technology-linked sectors.
- Structural Deficit: Despite gains, the large trade deficit underscores continued dependence on Chinese imports.
- Strategic Implications: Sustained export growth could gradually rebalance trade, supporting India’s economic and geopolitical positioning.
Glottis Limited 
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