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Informist, Monday, Jun. 15, 2026

 

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--India Apr-May merchandise exports $88.91 bln vs $76.59 bln year ago
--India May merchandise exports $45.2 bln vs $38.30 bln year ago
--India May petroleum product exports $8.42 bln vs $5.44 bln year ago
--India May merchandise exports to West Asia $5.30 bln
--India May merchandise imports $73.41 bln vs $60.86 bln year ago
--India May merchandise trade deficit $28.21 bln vs $22.56 bln year ago
--Govt: India May services trade exports $36.76 bln vs $32.46 bln year ago
--Govt: India May services trade imports $19.06 bln vs $16.70 bln year ago
--Govt: India May services trade surplus $17.70 bln vs $15.76 bln year ago 
--India Apr-May merchandise imports $145.35 bln vs $126.24 bln year ago
--India Apr-May merchandise trade deficit $56.44 bln vs $49.65 bln year ago
--India Apr-May non-oil imports $104.05 bln vs $90.79 bln year ago
--India Apr-May imports from Russia $16.84 bln vs $12.03 bln year ago 
--Trade secy: Exports to Singapore picking up because of oil products 
--Trade secy: Imports from US rising on high LPG imports 
--India Apr-May exports to US $17.29 bln vs $17.21 bln year ago
--India Apr-May exports to China $3.79 bln vs $3.02 bln year ago 
--India May exports to UAE $3.06 bln vs $2.97 bln year ago 
--India May merchandise imports from West Asia $10.74 bln vs $13.05 bln 
--India Apr-May petroleum product exports $18.17 bln vs $12.56 bln year ago 
--India Apr-May engineering goods exports $22.66 bln vs $19.41 bln year ago 
--India Apr-May electronic goods exports $10.27 bln vs $8.26 bln year ago 
--India Apr-May oil imports $41.30 bln vs $35.45 bln year ago 
--India Apr-May gold imports $9.04 bln vs $5.65 bln year ago 
--India Apr-May electronic goods imports $25.10 bln vs $18.34 bln year ago
--India Apr-May imports from US $11.15 bln vs $9.33 bln year ago
--India Apr-May imports from China $24.70 bln vs $20.22 bln year ago
 

 

NEW DELHI – India's merchandise trade deficit widened on year in May due to higher imports. According to data detailed by the commerce ministry Monday, India's goods trade deficit rose over 25% on year to $28.21 billion in May.

 

Economists had expected the trade deficit in May to be around $27 billion to $28 billion. The trade deficit in May was slightly lower than $28.38 billion in April.

 

Goods exports rose 18% on year to an all-time high $45.20 billion in May. India's imports jumped 20.6% to $73.41 billion last month. In April, India had exported goods worth $43.56 billion and imported goods worth $71.94 billion.

 

The services trade surplus grew 12.3% on year to $17.70 billion in May, due to a 13.2% rise in services exports at $36.76 billion. Services trade imports rose 14.1% on year to $19.06 billion last month.

 

Commerce Secretary Rajesh Agrawal said the peace deal between US and Iran and the reopening of the Strait of Hormuz would be a positive for India's trade.

 

The overall trade--goods and services--deficit widened 54.8% on year to $10.51 billion in May, with overall imports growing 19.2% on year to $92.47 billion. Overall exports rose 15.8% on year to $81.96 billion in May.

 

In Apr-May, India's merchandise trade deficit widened nearly 14% on year to $56.44 billion. Merchandise imports rose to $145.35 billion in Apr-May, up from $126.24 billion a year ago, while exports grew to $88.91 billion during the period. 

 

India's merchandise imports rose during Apr-May, mainly due to higher inbound shipments of petroleum products, gold, and electronic goods. India imported crude oil worth $41.30 billion during Apr-May, higher than $35.45 billion a year ago. Non-oil imports increased to $104.05 billion in Apr-May from $90.79 billion in the corresponding period a year ago.

 

Within non-oil imports, gold shipments rose to $9.04 billion in the first two months of the current financial year, up from $5.65 billion a year ago. Electronic goods imports surged to $25.10 billion last month from $18.34 billion a year ago.

 

China was India's biggest import source nation in the last two months, with goods imports worth $24.70 billion, up from $20.22 billion a year ago. Imports from China rose over 23% in May to $12.73 billion. Imports from Russia rose 63% on year in May to $9.48 billion, and 40% in Apr-May to $16.84 billion. 

 

Imports from the US rose over 19% to $11.15 billion in Apr-May and 54% in May to $5.87 billion. India is receiving more inbound shipments from the US due to higher imports of liquefied petroleum gas, Agrawal said at a press conference. 

 

Exports to the US rose 0.5% on year to $17.29 billion in Apr-May while shipments fell in May to $8.82 billion. Exports to China increased nearly 26% on year to $3.79 billion in Apr-May. 

 

Outbound shipments to Singapore jumped 123% on year in Apr-May to $5.07 billion due to a pick-up in exports of oil products, Agrawal said. In May, exports to Singapore rose 69% to $1.90 billion.

 

Goods exports to the United Arab Emirates were down 18% on year at $5.25 billion during the last two months, with goods worth $3.06 billion exported to the country in May, up 3.2% on year.

 

Last month, India exported goods worth $5.30 billion to West Asia, down slightly from $5.38 billion a year ago, Agrawal said. Inbound shipments from the region fell to $10.74 billion in May from $13.05 billion.

 

India's non-oil exports rose 10.5% on year to $70.74 billion in Apr-May. Within non-oil exports, engineering goods exports rose to $22.66 billion in Apr-May from $19.41 billion a year ago. Electronic goods exports grew over 24% on year to $10.27 billion. India's petroleum product exports rose to $18.17 billion during Apr-May, up 45% on year. Of this, petroleum products worth $8.42 billion were exported in May, up 55% from a year ago.  End

 

US$1 = INR 94.71

 

Reported by Shubham Rana and Shweta

Edited by Avishek Dutta and Rajeev Pai

 

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