Overall, gems and jewellery imports, at $15.3 billion in January, drove merchandise imports up 19% from a year earlier
India’s exports to its FTA partners amounted to $38 billion during the second quarter of the current fiscal, while imports rose 5 percent year-on-year to $69.8 billion, resulting in a sizeable trade gap.
On the central government weighing possible changes to Press Note 3 to spur investments, Sitharaman said discussions on this have taken place.
India's exports to US increased 9.8% on year during April-December of FY26
Economists say that the outcome of the negotiations for a trade deal between India and the US continues to be crucial, as the absence of an agreement could have negative implications for India’s current account deficit in the next fiscal year
The commerce ministry added that Indian exports worth around $2 billion to Mexico, particularly automobiles, two wheelers, auto parts, textiles, among others could be affected by the proposed tariffs.
Merchandise exports for November 2025 stood at $38.13 billion, while goods imports came in at $62.66 billion
The value of US exports rose 3% to the second-highest level on record, fueled by non-monetary gold and pharmaceutical preparations.
This year, steep US tariffs are offsetting the benefit of an undervalued rupee
When international gold prices see a sharp uptick, many buyers perceive it as an opportune moment to accumulate gold, anticipating that the prices may continue to rise further.
India's merchandise exports contracted 11.82 percent in October 2025, pushing the trade deficit to a staggering $41.68 billion, but beneath the alarming headline numbers lie temporary distortions from festive gold imports and statistical base effects that mask a more nuanced reality
Merchandise exports for October 2025 stood at $34.38 billion, while the imports came in at $76.06 billion during the same period
Recent trade data reveals that while Trump's tariffs impacted specific US-bound exports, India's overall trade story is dominated by resilient export diversification and a domestic demand-driven import surge, particularly in gold
Unsurprisingly, exports of electronic goods, unaffected by Trump’s steeper tariffs, grew a massive 50.5 percent on-year to $3.1 billion last month, nearly double the growth registered in August.
'Import increase in September 2025 has been higher than exports. Gold, silver, fertiliser and electronics have led to the import surge,' Commerce Secretary Rajesh Agarwal said.
India's exports to Germany and China have gained ground, but America’s share has risen to nearly 22% of India’s outbound shipments.
On a year-on-year basis too, the merchandise deficit recorded last month was larger compared to $23.5 billion in July 2024
Merchandise exports fell marginally on-year to $35.14 billion in June, while imports dropped to $53.92 billion
The US’ goods trade deficit with these countries had already started narrowing in 2024 over the year prior. Showing Trump’s tariffs are not all about deficits.
The shortfall in goods trade grew 11.1% to $96.6 billion, Commerce Department data showed Thursday.
On a year-on-year basis, the trade gap in goods in the previous month shrunk versus $22.09 billion in May 2024.
While oil prices are rising in reaction to the escalating conflict between Israel and Iran, for India - a net importer of crude - the key to any macroeconomic fallout depends on how much the current skirmish expends across the middle east.
The trade deficit stood at $138.3 billion in the previous month
On a year-on-year basis, the trade gap in goods in the previous month was wider as well compared to $19.2 billion in April 2024
On a year-on-year basis, the trade gap in goods in the previous month was wider as well compared to $15.34 in March 2024.