Topic
trade data
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 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 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 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 India Becomes Net Importer of Finished Steel in April
In April, India imported 0.7 million metric tons of finished steel, marking a 30.8% increase from the previous year, while exports rose by 24.9% to 0.5 million tons. China, South Korea, Japan, Vietnam, and Russia were the primary exporters to India.