Blitz Bureau
NEW DELHI: India’s merchandise exports clocked a robust 18 per cent growth to $45.2 billion in May, compared to the same month last year, according to the commerce ministry data released on June 15.
Commerce Secretary Rajesh Agrawal said this is “one of the highest monthly export growth prints.”
The May numbers come after India’s merchandise exports rose to $43.56 billion in April from $38.28 billion a year earlier, marking the second consecutive month of high growth. The country’s merchandise exports have increased to $88.91 billion during the two-month April-May period of financial year 2026-27, which represents a 16.09 per cent growth over the corresponding period last year.
Agrawal said India has posted strong export growth in both April and May, while imports have also grown in a similar manner during the two months. “If we carry on this momentum, FY27 will be a good year for trade,” he told the media.
Imports grew 20.62 per cent to $73.41 billion during the month, leaving a trade deficit of $28.21 billion. The trade deficit has remained more or less flat compared with $28.38 billion in April this year.
However, on a year-on-year basis, merchandise imports rose 20.6 per cent to $73.41 billion in May, while the trade deficit widened 25 per cent from $22.56 billion in May 2025 because of the surge on oil prices which shot $100 per barrel due to the West Asia crisis.
Agrawal also said that exports to the Middle East, which had been hit earlier, improved in May. He said exports to West Asia had “more or less achieved” the same level as May 2025, with growth driven by shipments to the UAE, Saudi Arabia, Jordan and Yemen.
