Topic
Import/Export
Trade India's gold imports surge 81.7% in April as duty hike fails to curb demand
India's gold imports jumped 81.7% year-on-year to $5.63 billion in April 2026, just before the government raised import duties on 13 May. Even after the duty hike, imports rose 34% in May to $3.42 billion, according to a GTRI report. The total effective tax burden now stands at about 18.4%.
Trade India's Exports Rise 18% to 6-Month High of $45.2 Billion in May, Trade Deficit Widens
India's merchandise exports rose 18% year-on-year to a record $45.2 billion in May, the highest in six months. However, the trade deficit widened to $28.21 billion as imports surged 20.62% to $73.41 billion, led by petroleum, crude oil, and gold. Commerce Secretary Rajesh Agrawal expressed optimism for FY27 if momentum continues, noting recovery from the West Asia crisis and expanded export base.
Trade India's Export Outlook Challenging for FY27, but Worst Is Over: Elara Securities
Elara Securities reported that India's export outlook for FY27 remains challenging but the worst is over, as May trade data showed a 16% YoY rise in overall exports to nearly $82 billion. The report highlighted a divergence in export performance to the US versus other countries, and noted that softer crude oil prices and potential freight cost moderation could help normalize the import bill. However, concerns persist over the widening electronics trade deficit.
Trade India's Goods Exports Hit Record $45.2 Billion in May, Imports at 7-Month High
India’s goods exports reached a record $45.2 billion in May, up 18% year-on-year, driven by engineering goods and oil products. Imports rose 20.5% to $73.4 billion, a seven-month high, widening the trade deficit to $28.2 billion. Commerce secretary Rajesh Agrawal cited higher oil prices, supply chain restoration, and normalising shipments to West Asia.
Trade Gold Imports Rise 34% to $3.41 Billion in May; Silver Shipments Plunge Over 86%
India's gold imports rose 34% year-on-year to $3.41 billion in May 2026, while silver imports plunged over 86% to $75.57 million, following the government's import duty hike on precious metals from 6% to 15% effective May 13. The rise in gold imports pushed the trade deficit to $28.21 billion. Switzerland remained the top gold source with about 40% share, though imports from Switzerland dropped 57.73% in May.
Trade India's engineering exports jump 24% to USD 12.31 billion in May, EEPC reports as sector adapts to West Asia disruptions
India's engineering exports jumped 24% year-on-year to USD 12.31 billion in May 2026, according to EEPC India. Cumulative exports for April-May 2026-27 stood at USD 22.66 billion, a 16.8% increase over the same period last year. EEPC Chairman Pankaj Chadha highlighted the sector's adaptability amid West Asia conflict and noted that challenges persist despite the US-Iran peace deal announcement.
Trade India's Exports to US Flat in May 2025 as Imports Surge 54.43%
India's exports to the US remained flat at USD 8.82 billion in May 2025, while imports surged 54.43% to USD 3.8 billion. Overall bilateral trade data for April-May 2026-27 shows marginal export growth and significant import increase. Trade with China also saw notable shifts, with exports up 24.8% and imports up 23.4%.
Trade Dell's XPS RTX Spark Desktop Mini PC Aims to Challenge Apple's Mac Studio with 128GB RAM and Nvidia Arm CPU
Dell has unveiled the XPS RTX Spark Desktop, a compact mini PC powered by Nvidia's Arm-based RTX Spark processor. With up to 128GB RAM, it targets professional AI use and could compete with Apple's Mac Studio, which faces order lead times of four months or more. Pricing is not yet confirmed but chatter suggests north of $4,000.
Trade Sigma Advanced Systems Secures Rs 208 Crore Artillery Shell Bodies Export Order from North America
Sigma Advanced Systems has secured a US$21.97 million (approx Rs 208 crore) export order to manufacture and supply 40,000 units of 155 mm M107 artillery shell bodies to a North American customer. The order, to be executed over six months, requires advanced metallurgical expertise and export clearance from India's Department of Defence Production.
Trade TOI Business Desk Profile: How the Team Covers Global Economic News for Readers
The TOI Business Desk is a team of journalists dedicated to providing the latest business news from around the globe. Their coverage spans industries, markets, economic trends, and exclusive reports, helping readers navigate the complexities of the business world.
Trade Indian Goods Exports Estimated to Grow 15% in May, Driven by Petroleum and Other Sectors
Indian goods exports are estimated to have grown 15% in May 2026, driven by high global oil prices boosting the crude refining industry, according to a government official. Excluding petroleum, exports rose 11%. The official also stated that the first phase of the India-US bilateral trade agreement can be finalised after the US concludes Section 301 investigations, which will end temporary 10% tariffs on July 24.
Trade China Rejects Indian Red Chilli Cargoes Over Pesticide Residues, Suspends Three Exporters
China has rejected at least three consignments of Indian dried red chillies and suspended three Indian exporters over traces of methamidophos, a pesticide residue. The move follows similar rejections of Indian rice and signals heightened scrutiny on food safety. India's chilli exports to China grew 31% in 2024-25 to 2.36 lakh tonnes, according to The Hindu Business Line.
Trade US-Iran Peace Deal May Help Boost India's Exports, Stabilise Rupee
The US and Iran have reached a peace deal to end a four-month war, with the agreement to be signed on June 19 in Switzerland. Export bodies and analysts say reopening the Strait of Hormuz will stabilise energy markets, strengthen the rupee, and boost India's exports, which had fallen sharply during the conflict.
Trade Basmati rice, tea exports to West Asia grind to halt as Strait of Hormuz closure disrupts trade
Exports of basmati rice and premium orthodox tea from India to West Asia have ceased due to the closure of the Strait of Hormuz. Three vessels laden with 100,000 tonnes of basmati rice are idling at Kandla Port. Tea exporters are unable to fulfill orders from GCC countries, with only small consignments moving via Turkey. The disruption follows an attack on the Indian-flagged vessel MT Marivex off Oman.
Trade Odisha SHG Exports 7.5 Quintals of Amrapali Mangoes to London via PSFPO Project
Maa Kalijai SHG from Odisha's Angul district has exported 7.5 quintals of Amrapali mangoes to London under the PSFPO project. The export was facilitated by Palladium Consulting with support from the Directorate of Horticulture, Mission Shakti, and Odisha Livelihoods Mission. Odisha has achieved 90 tonnes of mango exports so far this year.
Trade BBC World Service Highlights African Billionaires
BBC World Service features Tanzanian billionaire Mohammed Dewji, discussing his wealth accumulation and philanthropic efforts. The program highlights the growth of billionaires in Africa.
Trade Assam's GI-tagged Tezpur litchi reaches Dubai, Singapore in landmark export
India has exported its first consignment of Geographical Indication (GI)-tagged Tezpur litchi from Assam to Dubai, with a one-metric-tonne shipment on June 7, followed by additional exports to Singapore. The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the shipments, which secured farmers nearly 10% higher prices than domestic market rates. The exports mark a milestone for premium agricultural products from Northeast India.
Trade Meta Employee Detained by Immigration Agents Post-Layoff
A former Meta employee was detained by US Immigration and Customs Enforcement following a layoff on May 20. The incident raises concerns about the treatment of immigrant tech workers in the US.
Trade Montgomery Ruling, Cargo Fraud Dominate Texas Cross-Border Trade Summit
The 9th Annual Modernization of Cross-Border Trade conference in Laredo, Texas, focused on the U.S. Supreme Court's Montgomery v. Caribe Transport II ruling, cargo fraud, and preparations for USMCA 2.0. Hosted by Reliance Partners and Borderless Coverage, the event drew over 500 industry leaders. Panelists highlighted rising legal liability for brokers, evolving carrier-vetting standards, and cargo security risks.
Trade Deezer Launches AI Music Detector, Scans Playlists on Rival Platforms
Deezer has launched a free online AI music detector that scans playlists from any streaming platform, including Spotify, Apple Music, and Tidal, to identify AI-generated songs. The tool reports that nearly half of users switching to Deezer have AI tracks in their playlists. The service aims to expose AI slop and fraudulent streams.
Trade Nepal Clarifies: No Ban on Indian Mango Imports
The Indian Ministry of Agriculture confirmed that Nepal has not banned Indian mango imports, despite revised import conditions. Exports continue with compliance to new phytosanitary measures.
UK Business Secretary Criticizes Foreign Sale of ARM Holdings
UK Business Secretary Peter Kyle expressed regret over the foreign sale of ARM Holdings, a major UK tech firm, to Japan's Softbank. He emphasized the need for policies to retain tech companies in the UK, citing recent government initiatives.
Trade India Eyes Canada for Crude Oil Amid Diversification Efforts
India is exploring Canada as a potential supplier of crude oil, focusing on heavy crude compatible with its refineries. High Commissioner Dinesh Patnaik highlighted ongoing discussions despite regulatory concerns.
Trade APEDA Releases SOP for Rice Exports to China After GMO Rejections
APEDA released a standard operating procedure (SOP) for rice exports to China following China's rejection of non-basmati consignments over alleged GMO contamination. The SOP, effective June 9, mandates testing by recognized labs and registration with DPPQS and GACC. India's non-basmati rice exports to China rose to 315,193 tonnes in 2025-26.
Trade India's edible oil imports rise 6.7% in May on higher soyabean oil
India's edible oil imports increased 6.7% year-on-year to nearly 13.39 lakh tonnes in May 2026, driven by higher shipments of crude soyabean oil, according to the Solvent Extractors' Association of India (SEA). The government raised tariff values on crude palm oil effective June 1, while the share of refined oils in total imports fell sharply.
Trade Great White Shark Filmed in Mediterranean Waters
A great white shark was filmed in the Mediterranean Sea, marking a rare sighting. This event underscores the importance of marine conservation efforts, as the species is critically endangered in this region.
Trade Bangladesh Wheat Tender Norms Challenge Indian Exporters
Bangladesh's recent wheat tender imposes specifications that may exclude Indian exporters due to competitive pricing and stringent quality requirements. Indian wheat's test weight and cost structure are key barriers.
Trade Chinese Investors Seek Indirect SpaceX Exposure
Chinese investors are exploring indirect avenues to gain exposure to SpaceX's IPO after being barred from direct participation. They are turning to offshore brokerage accounts and domestic investments in China's space sector.
Trade Assam's Tezpur Litchi Makes Debut in Dubai Market
Assam's GI-tagged Tezpur Litchi has been exported to Dubai for the first time. The shipment, comprising one metric tonne, highlights the growing international demand for India's premium agricultural products.
Trade India-US Energy Cooperation Aims for $500 Billion Trade by 2030
A report highlights the potential of India-US energy cooperation to achieve a $500 billion trade target by 2030. The partnership focuses on hydrocarbons and advanced technologies.
Trade China's Mineral Framework Sparks Importer Concerns
China's new mineral resource framework, effective June 15, 2026, raises concerns among Indian importers due to its potential impact on global supply chains. The policy, approved by Premier Li Qiang, aims to stabilize supply but may increase price volatility.
Trade India's Export Growth Driven by Policy Reforms and Initiatives
India's exports are on the rise, driven by government policy reforms and initiatives. Senior Economic Adviser Agrim Kaushal highlights the '5F vision' and various schemes aimed at strengthening the textiles and apparel sector.
Trade Stream World Cup 2026 in Spanish: A Guide for Global Viewers
Discover how to watch the World Cup 2026 in Spanish using VPNs and eSIM technology. Telemundo offers comprehensive coverage in the US, while RTVE Play and TV Azteca provide free options in Spain and Mexico. Stay connected with eSIM deals for seamless streaming.
Trade Nepal Imposes Mango Import Restrictions on India
Nepal has restricted mango imports from India due to pesticide concerns and inadequate quarantine facilities. This move impacts local markets and could lead to shortages and price hikes.
Trade China's Exports Surge 19.4% in May on Tech and EV Demand
China's exports increased by 19.4% in May, fueled by strong demand for semiconductors and electric vehicles. Exports to the US surged over 35%, marking significant growth.
Trade India Supports OMCs Amid Rising Crude Prices
The Indian government has allocated ₹1.23 lakh crore to Oil Marketing Companies (OMCs) to mitigate the impact of rising crude oil prices. This support includes an excise duty cut and is aimed at easing consumer burden during the West Asia conflict.
Trade Utah's Measles Outbreak: Impacts on Health and Trade
Utah's measles outbreak has overwhelmed public health systems, with over 950 cases reported. The outbreak has significant implications for trade, as health departments struggle with resource allocation. The situation highlights the need for robust public health policies.
Trade India Ships GI-Tagged Tezpur Litchi to Dubai
India has exported one tonne of GI-tagged Tezpur Litchi from Assam to Dubai, enhancing its international market presence. The Commerce Ministry highlights this as a step forward for premium agricultural exports.
Trade India's Energy Shift: Russian Crude and US LPG/LNG Imports
India continues to import significant amounts of Russian crude oil despite US pressures, while increasing LPG and LNG imports from the US. Geopolitical tensions and economic factors drive these energy trade decisions.
Trade India Expands to 1,821 New Markets in FY26 Amid Agri Export Challenges
In FY26, India expanded its agricultural exports to 1,821 new markets, generating $202 million in additional exports. Despite a 2.8% rise in agri exports to $52.55 billion, supply chain inefficiencies remain a significant hurdle.
Trade Global Trade Dynamics: Key Policy Shifts in 2023
In 2023, significant trade policy changes are reshaping global import/export dynamics. Key shifts include tariff adjustments and new bilateral agreements, impacting trade volumes and compliance requirements.
Trade Australia's Medical Innovation: A Legacy of Richard Scolyer
Australian doctor Richard Scolyer, known for his groundbreaking work in cancer treatment, has passed away. His innovative approach to glioblastoma has initiated clinical trials in the US, marking a significant advancement in medical research.
Trade AI and Quick Commerce: Profitable Growth at EDNS 2026
The ETRetail E-commerce & Digital Natives Summit 2026 will focus on AI's transformative role in supply chain and logistics. Industry leaders will discuss sustainable growth strategies and the future of digital commerce.
Trade Ugreen NASync DXP4800 GT: Best Budget NAS for Enterprises
The Ugreen NASync DXP4800 GT offers a cost-effective solution for enterprises seeking robust NAS capabilities. With dual 10GbE networking and AMD Ryzen power, it supports up to 144TB, making it ideal for high-speed data handling and personal cloud storage without subscription fees.
Trade RBI's Policy Decisions Shape Domestic Market Dynamics
The Reserve Bank of India's recent monetary policy decisions are set to influence domestic markets, with investor reactions and macroeconomic data in focus. Key indicators include retail inflation, mutual fund flows, and forex reserves.
Trade Top Stock Picks for June 8, 2026: Shriram Finance and Cummins India
Motilal Oswal Wealth Management recommends Shriram Finance and Cummins India as top stock picks for the week of June 8, 2026. Shriram Finance benefits from a strategic partnership with MUFG, while Cummins India sees growth from data center investments.
Trade Himsagar Mango Exports Threatened by Quality Issues
Himsagar mango exports from Malda, India face challenges due to dark spots caused by adverse weather. Exporters fear rejection from international markets, impacting planned shipments to the US.
Trade India-UK Trade Deal Faces Steel Hurdle
The India-UK free trade agreement, signed in July 2025, faces potential delays due to new UK steel trade measures. Despite concerns, both nations remain optimistic about implementation.
Trade India's Growth Resilient Amid Oil Price Concerns
India's economy is poised to grow above 8% despite concerns over oil price shocks, according to Neelkanth Mishra of the World Bank. India's refining capabilities and domestic demand mitigate potential impacts.
Trade Uber Freight's Early Peak Season Boosts Mexico Demand
Uber Freight reports an earlier peak season with strong demand in Mexico, driven by produce exports and rising fuel costs. Cross-border rates have surged, impacting logistics operations.
Trade India, Indonesia Strengthen Trade Ties Amid Strategic Talks
India and Indonesia are enhancing their bilateral trade and defense cooperation following the 8th Joint Commission Meeting. Key discussions included maritime trade, investments, and security, building on the Comprehensive Strategic Partnership established in 2018.
Supply Chain Geopolitical Tensions Drive Supply Chain Diversification
Geopolitical tensions are prompting companies to diversify their supply chains, moving away from single-source dependencies. This shift is reshaping global trade dynamics, with countries like India emerging as key players. Companies are adopting strategies like nearshoring and friendshoring to mitigate risks.
Trade Amazon's $10B Robotics Investment in Europe
Amazon is investing over $10 billion to enhance its European fulfillment centers with advanced robotics, including the Proteus autonomous robot. This initiative aims to improve efficiency and safety while expanding Amazon's workforce by 25,000 by 2030.
Trade Global Trade Dynamics: Key Updates for Import/Export
Recent global trade developments have significant implications for import/export professionals. Key updates include changes in tariff rates, trade policy adjustments, and bilateral trade agreements. These changes are crucial for maintaining competitive advantage in international markets.
Trade India's Seafood Exports Overcome Tariff Hurdles
India's seafood industry has rebounded from US tariffs, achieving record exports of $8.46 billion in FY26. Diversification into markets like the EU and China has driven this growth.
Trade India Aims for $30 Billion Seafood Export by 2031
India's Commerce Minister Piyush Goyal announced a target to increase seafood exports to $30 billion by 2031, emphasizing value addition and quality. The strategy includes leveraging free trade agreements and reducing raw shrimp imports.
Trade Rupee Strengthens as RBI Implements Forex Support Measures
The Indian rupee appreciated by 56 paise to 95.18 against the US dollar following the Reserve Bank of India's announcement of forex-support measures. These measures aim to attract foreign capital and enhance forex liquidity.
Trade Pakistan Faces $35B Trade Deficit Amid PKR Pressure
Pakistan's trade deficit has reached $35 billion, raising concerns over economic stability as the PKR faces depreciation pressure. Despite a forex reserve increase to $17.2 billion, the trade imbalance and external debt obligations pose significant challenges.
Trade India's Seed Sovereignty: A Strategic Shift
India's strategic focus on seed sovereignty has led to over 10,500 plant variety registrations under the Protection of Plant Varieties and Farmers’ Rights Act, 2001. This move aligns with global debates on genetic resources and digital sequence information.
Trade Understanding 49 CFR 390.21: Compliance for Vehicle Markings
Effective June 1, 2026, FMCSA reaffirmed the marking requirements under 49 CFR 390.21. This regulation mandates specific vehicle markings for motor carriers, affecting nearly all in the industry. Non-compliance can lead to scrutiny and penalties.