Business EconomyPosted at: Jun 15 2026 5:57PM


India’s exports rise 18 pc in May; trade deficit widens to USD 28.21 bn

New Delhi, June 15 (UNI): India's merchandise exports rose 18 per cent to USD 45.2 billion, while imports grew 20.62 per cent to USD 73.41 billion in May, with the total trade deficit recorded at USD 28.21 billion, according to the commerce ministry data.
India's merchandise exports rose to $88.91 billion during April-May 2026-27, marking a 16.09 per cent growth over the corresponding period last year, as per the government data.
India’s cumulative exports (merchandise and services combined) during April-May 2026-27 are estimated at US$ 162.69 billion, compared with US$ 141.89 billion in the same period last year, registering a growth of 14.66%, according to data released by the Ministry of Commerce & Industry.
Non-petroleum exports also witnessed strong momentum, rising to US$ 70.74 billion during the period, compared with US$ 64.03 billion a year ago, an increase of 10.49%.
Key contributors to merchandise export growth in May 2026 included petroleum products, engineering goods, organic and inorganic chemicals, electronic goods, and gems & jewellery.
Petroleum product exports jumped 54.89% to US$ 8.42 billion in May 2026 from US$ 5.44 billion in May 2025. Engineering goods exports increased 24.48% to US$ 12.31 billion, while organic and inorganic chemicals exports grew 12.71% to US$ 2.72 billion.
Electronic goods exports rose 11.62% to US$ 5.10 billion, while gems and jewellery exports increased 6.66% to US$ 2.53 billion during May 2026.
India’s total exports in May 2026 are estimated at US$ 81.96 billion, compared with US$ 70.76 billion in May 2025, reflecting a growth of 15.83%.
Imports during May 2026 stood at US$ 92.47 billion, higher than US$ 77.55 billion a year earlier, resulting in a trade deficit of US$ 10.51 billion.
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