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India's Exports Jump 18% in May as Petroleum Shipments and Global Demand Drive Trade Growth
India's exports posted double-digit growth in May as global demand remained resilient and petroleum shipments increased.
Executive Summary
India's merchandise exports rose 18% year-on-year to $45.2 billion in May 2026, driven by strong demand across key sectors and higher petroleum shipments. Despite rising imports, the country's trade deficit narrowed slightly, while combined goods and services exports reached $162.69 billion during April-May, reflecting sustained momentum in external trade.
Key Takeaways
- ✓India's merchandise exports rose 18% to $45.2 billion in May 2026.
- ✓April-May merchandise exports reached $88.91 billion, growing 16.09%.
- ✓Imports increased 20.62% to $73.41 billion.
- ✓The trade deficit narrowed slightly to $28.21 billion.
- ✓Services exports generated a surplus of $17.7 billion.
- ✓Combined goods and services exports reached $162.69 billion.
- ✓Easing West Asia tensions could further support India's export growth outlook.
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