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India's May trade gap narrows, exports dip 2.2%

Economic Times

Economic Times · 2m ago

India's May trade gap narrows, exports dip 2.2%

India's goods exports fell by 2.17% in May, reaching $38.73 billion, while the trade deficit narrowed to $21.88 billion from $26.4 billion in April. Imports declined by 1.7% to $60.61 billion during the same period. Despite global uncertainties, exports to the U.S. increased, particularly in sectors like electronics and chemicals. Discussions with China on rare earth magnets and monitoring the Iran-Israel conflict's impact on trade are ongoing.

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Mint Quick Edit | India’s trade has held up

Livemint

Livemint · 2m ago

Mint Quick Edit | India’s trade has held up

India's trade data for May provided relief amid global uncertainties, with exports remaining steady and the trade gap narrowing. Despite concerns about the ongoing tariff war's potential impact, India's merchandise shipments have held up well. Exports slightly decreased from $39.6 billion to $38.7 billion compared to the previous year, but no signs of a trade crisis were evident. The situation suggests cautious optimism but warns that nothing can be taken for granted.

India’s trade gap narrows to $20.7 billion as cheaper oil, sluggish gold imports ease June deficit

Economic Times

Economic Times · 2m ago

India’s trade gap narrows to $20.7 billion as cheaper oil, sluggish gold imports ease June deficit

India's merchandise trade deficit narrowed to $20.7 billion in June 2025, down from $21.9 billion in May, due to declining crude prices, decreased gold imports, and a diversified sourcing strategy. Russian and US oil imports rose, while traditional suppliers decreased. India's petroleum product exports dropped by nearly 10%. Gold imports decreased due to soaring prices, while coal imports remained stable. Trade measures included anti-dumping duties and import restrictions. Future trade deficits depend on global commodity price trends.

US-China trade war sends India’s electronics imports soaring 27.5% in May, raises dumping risks

Business Today

Business Today · 2m ago

US-China trade war sends India’s electronics imports soaring 27.5% in May, raises dumping risks

India's electronics imports surged by 27.5% in May, highlighting increased dumping risks amid the US-China trade war. Meanwhile, India's exports to the US grew significantly by 17.3% to $8.8 billion, with the rise largely driven by stronger smartphone exports. The escalating trade tensions have created shifts in global supply chains, offering India both challenges in managing imports and opportunities in increasing its export share to the US market.

India's exports to US up 16.9c pc, imports dip 5.76 pc in May

Economic Times

Economic Times · 2m ago

India's exports to US up 16.9c pc, imports dip 5.76 pc in May

India's merchandise exports to the US increased by 16.93% to $8.83 billion in May, while imports decreased by 5.76% to $3.62 billion, as per commerce ministry data. During April-May, exports rose by 21.78% to $17.25 billion, and imports increased by 25.8% to $8.87 billion. The US was India's second-largest trading partner in this period, with significant changes in trade volumes with China, UAE, and other countries.

US 50% tariffs hit India today: Which sectors will suffer the most?

Economic Times

Economic Times · 16d ago

US 50% tariffs hit India today: Which sectors will suffer the most?

The US has imposed 50% tariffs on Indian imports, effective today, impacting mainly labour-intensive sectors. This move could significantly affect India's trade dynamics with the US, with a focus on how it stands against its competitors. Key concerns include evaluation of India's top exports and the broader economic implications for both countries. The tariffs may lead to increased challenges within affected sectors, altering trade relations and impacting economic strategies.

Iran-Israel war escalation to impact India' s trade with West Asia, say experts

Economic Times

Economic Times · 2m ago

Iran-Israel war escalation to impact India' s trade with West Asia, say experts

The escalation of the Iran-Israel conflict poses significant threats to India's trade with West Asian countries. Experts highlight potential disruptions to shipping routes, like the Strait of Hormuz, crucial for India's crude oil imports. This could drive up oil prices and impact inflation. Key Indian exports, including agricultural goods to Iran, may suffer due to strained payment channels and heightened shipping risks. India's broader trade with the region faces risks from the evolving geopolitical tensions.

Tariff to have negligible impact; diversification remains key: PHDCCI

Economic Times

Economic Times · 1m ago

Tariff to have negligible impact; diversification remains key: PHDCCI

The 25% US tariffs on Indian imports, announced by President Trump, are expected to have a minimal impact on India's GDP, affecting only 1.87% of India's global merchandise exports and 0.19% of GDP, according to PHDCCI. The organization recommends diversifying trade agreements to mitigate geopolitical uncertainty and protectionism. While some export sectors may feel the pinch, overall macroeconomic stability can be maintained through strategic market diversification and value addition.

India’s trade deficit hits $22.99 billion in January; Trade Secretary says exports strong

Business Today

Business Today · 6m ago

India’s trade deficit hits $22.99 billion in January; Trade Secretary says exports strong

In January 2025, India's trade deficit reached $22.99 billion, up from $21.94 billion in December. The cumulative trade deficit for April-January was $87.47 billion, surpassing the previous year's $70.06 billion. Merchandise exports and imports were $36.43 billion and $59.42 billion respectively. Overall exports grew by 7.21% during April-January, with significant increases in rice (44.61%) and gems/jewellery (15.9%). The Union Budget emphasized boosting exports, focusing on new exporters, markets, and innovative products.

India's merchandise trade deficit at $19.37 bln in September

Reuters · 1y ago

India's merchandise trade deficit at $19.37 bln in September

India's merchandise trade deficit in September was $19.37 billion, lower than expected, according to data released by the Indian government. The country's exports were $34.47 billion, while imports stood at $53.84 billion. Services exports and imports were also recorded, with services exports at $29.37 billion and imports at $14.91 billion in September.

Iran-Israel war could hurt exports; increase freight rates: Exporters

Economic Times

Economic Times · 2m ago

Iran-Israel war could hurt exports; increase freight rates: Exporters

The Iran-Israel conflict has escalated global economic uncertainties, affecting world trade, including India's exports. This situation is expected to increase both air and sea freight rates, impacting exports to Europe and countries like Russia. The conflict has affected merchant ship routes, notably the Strait of Hormuz and the Red Sea. If prolonged, it could elevate freight costs by up to 50%, hurting trade costs and insurance. The geopolitical tensions add to pressures on global and Indian exports.

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