Business EconomyPosted at: Jul 13 2026 6:53PM


Trade deficit widens to five-month high of USD 30.43 bn in June

New Delhi, Jul 13 (UNI) India's trade deficit widened to a five-month high of USD 30.43 billion in June, compared to USD 19.10 billion the same month last year, according to the data released by the Ministry of Commerce on Monday.

The trade deficit expanded as India's goods imports jumped 31 per cent year-on-year to USD 70.84 billion in June. The surge in imports is due to the price effect in commodities such as crude oil and gold.
Among key sectors, gems and jewellery exports jumped 34.64 per cent year-on-year to USD 2.41 billion, while engineering goods exports rose 20.74 per cent to USD 11.48 billion. Exports of organic and inorganic chemicals also registered robust growth of 19.42 per cent to USD 2.77 billion.
During the April-June quarter of FY27, India's combined merchandise and services exports rose 11.37 per cent year-on-year to an estimated USD 232.73 billion.
Merchandise exports increased 15.92 per cent to USD 129.32 billion during the quarter from USD 111.57 billion in the corresponding period last year. Non-petroleum exports also grew 12.44 per cent year-on-year to USD 106.30 billion, indicating broad-based strength across manufacturing sectors.
The government said export growth in June was driven by strong performance in engineering goods, gems and jewellery, electronic goods, organic and inorganic chemicals, and rice.
On the import side, growth was primarily driven by crude petroleum, electronic goods, coal and coke, gold, and vegetable oils, reflecting continued domestic demand and industrial activity.
Commerce Secretary Rajesh Agrawal said, "The higher imports of petroleum, gems, and jewellery are largely due to higher global prices. The increase does not necessarily reflect a proportional rise in import volumes."
India's dependence on Chinese imports continued to increase as the data showed that the imports from China rose to USD 38.04 billion in the first quarter of FY27, compared with USD 29.73 billion during the corresponding period last year.
UNI VK SAS RSA
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