India Trade Deficit

PM Narendra Modi's five-nation tour underscores India's push to deepen trade ties as exports to these countries outpace imports despite a cumulative trade deficit

India's merchandise exports and imports recorded double-digit growth in April despite supply chain disruptions caused by the ongoing conflict in West Asia

Merchandise imports also grew 10 per cent to $71.94 billion in the first month of the financial year

The country's exports in April rose by 13.78 per cent to USD 43.56 billion despite global challenges, Commerce Secretary Rajesh Agrawal said on Friday. Imports grew 10 per cent year-on-year to USD 71.94 billion in April. Trade deficit during the month stood at USD 28.38 billion. Agrawal said India's exports to West Asia declined 28 per cent to USD 4.16 billion last month as against USD 5.78 billion in April 2025. Imports from the region dipped 31.64 per cent to USD 10.47 billion in April from USD 15.32 billion in the year-ago period.

As India raises gold import duty to curb rising imports, experts warn higher taxes alone may not cut demand and could revive smuggling, hurting formal jewellers and limiting CAD gains

India may need a steep fall in gold imports to ease its trade deficit, but high prices, investment demand and smuggling risks complicate the duty hike's impact

Imports surge led by gold, silver and electronics while exports dip marginally; Centre weighs relief measures as West Asia crisis disrupts logistics and raises shipping costs

Imports grew 24% in February to $63.71 billion, due to gold and silver imports, according to data released by the commerce department on Monday

Trade deficit widest in three months

Total exports for the month hit $38.51 billion despite geopolitical challenges, says government

India's trade deficit with China is expected to reach USD 106 billion in 2025 as imports are rising faster than the country's exports to the neighbouring country, think tank GTRI said on Friday. It said that the country's exports to China fell from USD 23 billion in 2021 to USD 15.2 billion in 2022, stayed low at USD 14.5 billion in 2023, and then edged up to USD 15.1 billion in 2024. In 2025, exports are estimated to improve to USD 17.5 billion, still well below earlier levels, the Global Trade Research Initiative (GTRI) said in its report. On the other hand, imports from the neighbouring country have climbed much faster - from USD 87.7 billion in 2021 to USD 102.6 billion in 2022, USD 91.8 billion in 2023 and USD 109.6 billion in 2024. This calendar year, the country's inbound shipments are estimated at USD 123.5 billion. "This has pushed India's trade deficit (difference between imports and exports) with China from USD 64.7 billion in 2021 to USD 94.5 billion in 2024, and an ..

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Exports during April-November were up 2.62 per cent to $292.07 billion, while imports during the eight months rose by 5.59 per cent to $515.21 billion

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Exports in Oct saw sharpest decline in 14 months

Both sides exchange fresh proposals to iron out pending issues; review of 2010 trade pact likely to conclude by year-end as India seeks to narrow trade deficit

India's exports grew by 6.74 per cent to USD 36.38 billion in September despite global headwinds. Imports jumped 16.6 per cent to USD 68.53 billion. The country's trade deficit stood at USD 32.1 billion during the month. Imports surged due to the increase in imports of gold, silver, fertiliser and electronics. In April-September this fiscal, exports increased by 3.02 per cent to USD 220.12 billion. Imports rose 4.53 per cent to USD 375.11 billion, the commerce ministry data showed.

India's trade deficit hit an eight-month high in July as imports grew faster than exports; government eyes FTAs and export promotion to boost competitiveness

For the April-June quarter of the financial year 2025-26, exports rose 1.92 per cent to $112.17 billion, while imports increased 4.24 per cent to $179.44 billion