India’s merchandise exports rose 18 per cent to $45.2 billion while imports grow 20.62 per cent to $73.41 billion in May, according to the commerce ministry data. The total trade deficit was recorded at $28.21 billion.
India’s merchandise exports rose to $88.91 billion during April-May 2026-27, marking a 16.09 per cent growth over the corresponding period last year, as per the government data.
Commerce Secretary Rajesh Agrawal said, “India’s exports to West Asia in May was marginally down at $5.30 billion against $5.38 billion in May 2025.”
Major destinations for Exports and imports were Singapore, China and UK recording significant growth.
Singapore recorded sharp growth due to petroleum products while Tanzania due to Gems and jewellery and petroleum.