Merchandise exports increased nine percent to $38.5 billion in April 2025, an increase of nine percent compared to the same period last year.

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Merchandise exports declined 11 percent to $36.91 billion in February compared to $41.41 billion in February 2024 on subdued demand.

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Merchandise exports in December 2024 declined marginally (one percent) year-on-year to $38.01 billion on volatility in commodity and metal prices, ongoing international trade disruptions and currency fluctuations.

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According to Zion Market Research, the global online jewellery market is expected to nearly triple by 2032, growing 189% from US$45.33 billion in 2023 to US$130.86 billion. This presents a major opportunity for Indian exporters to tap into a larger consumer base. India, renowned for its exceptional craftsmanship, has long been a global hub for gems and jewellery. The sector’s rapid expansion is further driven by innovations in logistics, government initiatives and strategic partnerships – fuelling India’s rise as a gem and jewellery export powerhouse.

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Merchandise exports declined 4.85 percent to $32.11 billion for November 2024 compared to $33.75 billion in November 2023 on the back of continuing global economic uncertainties.

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