2025年4月，印度的贸易逆差为264.2亿美元，比去年同期的191亿美元有所扩大，这是自2024年11月创下历史新高以来的最大差距。尽管油价下跌，但进口额仍以每年19.12%的速度飙升至649.1亿美元，因为企业可能会在潜在贸易战开始前先行购买外国产品。在此期间，黄金进口总额为31亿美元。反过来，出口每年增长9.03%，达到384.9亿美元。对印度最大出口目的地美国的出口飙升近30%，达到84.2亿美元，尽管受到华盛顿27%关税的打击，该关税在4月9日宣布一周后暂时暂停。
India recorded a trade deficit of $26.42 billion in April of 2025, widening from $19.1 billion from the corresponding period of the previous year to mark the sharpest gap since the record-high from November of 2024. Imports surged by 19.12% annually to $64.91 billion, despite the decline in oil prices, as businesses likely front-loaded foreign purchases before the start of potential trade wars. Gold imports totaled $3.1 billion in the period. In turn, exports grew at a softer 9.03% annually to $38.49 billion. Exports to the US, which is India's top export destination, soared by nearly 30% to $8.42 billion despite being hit by 27% tariffs by Washington, which were temporarily suspended one week after being announced on April 9th.
