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India's May exports rise to six-month high; trade deficit widens to $28.21 billion
Jun-16-2026

The commerce ministry in its latest data has showed that India’s merchandise exports rose by 18.01 per cent to $45.20 billion in May 2026 as compared to $38.30 billion in May 2025, marking the highest export figure in six months. Merchandise imports grew by 20.62 per cent year-on-year to $73.41 billion in May 2026, up from $60.86 billion in May 2025. Trade deficit (difference between imports and exports) widened to $28.21 billion in May 2026 as compared to $21.88 billion in May last year, driven by a rise in imports of petroleum products amid a surge in crude oil prices. However, the trade deficit narrowed marginally on a month-on-month basis from $28.38 billion in April. 

According to the data, merchandise exports during April-May 2026-27 were $88.91 billion as compared to $76.59 billion during April-May 2025-26. Merchandise imports during April-May 2026-27 were $145.35 billion as compared to $126.24 billion during April-May 2025-26. Merchandise trade deficit during April-May 2026-27 was $56.44 billion as compared to $49.65 billion during April-May 2025-26.

It further showed that non-petroleum and non-gems & jewellery exports in May 2026 were $34.24 billion compared to $30.49 billion in May 2025. Non-petroleum and non-gems & jewellery exports in April-May 2026-27 were $65.89 billion, compared to $59.15 billion in April-May 2025-26. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in May 2026 were $46.09 billion compared to $41.44 billion in May 2025. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-May 2026-27 were $91.97 billion, compared to $81.19 billion in April-May 2025-26.


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