Archive · 16 Jun 2025
India's May Goods Exports Contract 2.17%
India's exports went down slightly in May, but imports also decreased, so the difference between what India sells and buys (the trade deficit) didn't change much.
The US bought a lot more from India.
Some experts are a bit worried about how conflicts in other countries might affect trade.
Overall, exports grew a little bit during the months of April and May, but imports grew more during that time.
India's goods exports decreased by 2.17% in May, totaling $38.73 billion.
The trade deficit narrowed to $21.88 billion in May, compared to $22.09 billion the previous year.
Exports increased by 3.11% to $77.19 billion during April-May, while imports rose 8% to $125.52 billion.
The US remained India's top export destination, with a 16.93% increase in shipments in May.
China was the top import source for India in May, with imports rising 21.61%.
- Who
- India
- What
- India's goods exports contracted 2.17%.
- When
- In May.
- Where
- India
- Why
- Due to multiple factors, including a dip in exports of certain goods.
Concerns
Resilience
Impact of Geopolitical Issues
Concerns
Geopolitical tensions could harm trade.
Resilience
Trade growth has been sustained despite challenges.
- Goods Exports (May)
- $38.73 billion, down 2.17%
- Trade Deficit (May)
- $21.88 billion
- Exports (April-May)
- Up 3.11%
- Imports (April-May)
- Up 8%
- Top Export Destination (May)
- US
Sources
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