India's May trade gap narrows as exports rise; U.S. trade talks in focus
Key takeaways
- India's May trade gap narrows as exports rise; U.S. trade talks in focus.
- The merchandise trade deficit narrowed to $28.21 billion in May from $28.38 billion in April, below economists forecast of $28.72 billion, a Reuters poll showed.
- Merchandise exports rose to $45.2 billion in May from $43.56 billion in the previous month, government data showed on Monday, while imports rose to $73.41 billion against a six-month high of $71.94 billion in April.
India's May trade gap narrows as exports rise; U.S. trade talks in focus. A mobile crane carries a container at Deendayal Port in Kandla, in the western state of Gujarat, India, April 5, 2025. REUTERS/Amit Dave · Reuters By Shivangi Acharya and Manoj Kumar Mon, June 15, 2026 at 6:55 PM GMT+7 3 min read By Shivangi Acharya and Manoj Kumar
NEW DELHI, June 15 (Reuters) - India s merchandise trade deficit narrowed marginally in May as higher exports offset part of the import bill, while firms navigated volatile energy prices, Middle East disruptions and ongoing trade negotiations with the United States.
The merchandise trade deficit narrowed to $28.21 billion in May from $28.38 billion in April, below economists forecast of $28.72 billion, a Reuters poll showed.