India’s merchandise exports reached an all-time high in May 2026, reflecting strong global demand across multiple sectors. However, faster growth in imports led to a widening of the country’s overall trade deficit.

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• India’s merchandise exports touched a record high of $45.2 billion in May 2026.
• Exports registered an 18% year-on-year growth compared to May 2025.
• The increase reflects strong demand for Indian goods in global markets.
• Export growth was broad-based across petroleum and non-petroleum sectors.
• Several manufacturing and industrial sectors contributed to the rise in exports.
• Higher shipments were recorded to major trading partners across different regions.
• Key export destinations included Singapore, China, the United Kingdom, Bangladesh, Germany, Tanzania and South Africa.
• The strong export performance highlights the resilience of India’s external trade sector.
• Merchandise exports refer to the export of physical goods and commodities.
• Despite record exports, India’s overall trade deficit widened during the month.
• The trade deficit expanded to $10.5 billion in May 2026.
• A trade deficit occurs when imports exceed exports in value.
• Imports of both goods and services grew faster than exports.
• Higher import demand contributed significantly to the widening deficit.
• Rising imports may reflect increased domestic consumption and industrial activity.
• Energy, raw materials and intermediate goods remain important components of imports.
• The Ministry of Commerce and Industry released the latest trade data.
• Export growth supports foreign exchange earnings and economic activity.
• Trade performance remains an important indicator of economic strength and global competitiveness.
• Sustained export growth can help strengthen India’s position in international trade markets.