India's Trade Deficit Narrows in May 2025, Exports and Imports Show Modest Changes

Strategic Insights -

In May 2025, India's trade deficit narrowed to $21.88 billion, a slight decrease from the $22.09 billion recorded in May of the previous year, according to the latest data from the commerce ministry. The country's merchandise exports declined by 2.17% to $38.73 billion in May 2025 compared to $39.59 billion in the same month last year, with sectors including petroleum products, gems & jewellery, and engineering posting a decline. Meanwhile, merchandise imports fell by 1.73% to $60.61 billion in May 2025, compared to $61.68 billion in May 2024.

Key Takeaways:

  • India's merchandise exports declined by 2.17% to $38.73 billion in May 2025, compared to $39.59 billion in the same month last year.
  • Merchandise imports fell by 1.73% to $60.61 billion in May 2025, compared to $61.68 billion in May 2024.
  • The trade deficit narrowed to $21.88 billion in May 2025, compared to $22.09 billion in May last year.
  • Non-petroleum and non-gems & jewellery exports in May 2025 were $30.71 billion, compared to $28.73 billion in May 2024.
  • Non-petroleum and non-gems & jewellery exports in April-May 2025 were $59.37 billion, compared to $54.73 billion in April-May 2024.
  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in May 2025 were $41.19 billion, compared to $36.79 billion in May 2024.
  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-May 2025 were $80.46 billion, compared to $70.05 billion in April-May 2024.

Statistics:

  • India's merchandise exports declined by 2.17% to $38.73 billion in May 2025.
  • Merchandise imports fell by 1.73% to $60.61 billion in May 2025.
  • The trade deficit narrowed to $21.88 billion in May 2025, compared to $22.09 billion in May last year.
  • Merchandise exports during April-May 2025 were $77.19 billion, compared to $74.89 billion during April-May 2024.
  • Merchandise imports during April-May 2025 were $125.52 billion, compared to $116.16 billion during April-May 2024.
  • Merchandise trade deficit during April-May 2025 was $48.33 billion, compared to $41.27 billion during April-May 2024.

Sources:

  • "India's trade deficit narrows to $21.88 billion in May 2025" (Source: [Contify.com](https://contify.com))
  • "Merchandise exports decline 2.17% to $38.73 billion in May 2025" (Source: [Contify.com](https://contify.com))
  • "Merchandise imports fall by 1.73% to $60.61 billion in May 2025" (Source: [Contify.com](https://contify.com))