India's Trade Dynamics: Steady US Exports, Surging China Trade in May
Quick Look
- India's exports to the US remained flat in May at $8.81 billion, while imports surged 54.43% to $5.87 billion.
- Trade with China saw a significant boost, with exports up 24.8% to $2 billion and imports up 23.4% to $12.8 billion.
AI-generated summary
Why It Matters
India's trade data for May shows steady exports to the US but a significant rise in imports. Trade with China experienced a notable surge in both exports and imports.
New Delhi: India's exports to the US remained flat at USD 8.81 billion in May, while imports rose 54.43 per cent year-on-year to USD 5.87 billion, according to the government data.
In May 2025, India's exports to the US stood at USD 8.82 billion, while imports were reported at USD 3.8 billion.
During April-May 2026-27, the country's merchandise exports rose marginally by 0.5 per cent to USD 17.3 billion, while imports increased 19.43 per cent to USD 11.14 billion.
Also Read: US-Iran peace deal may help boost India's exports, stabilise rupee
India's exports to China surged by 24.8 per cent in May to USD 2 billion, while imports from the neighbouring country rose 23.4 per cent to USD 12.8 billion. The trade deficit stood at USD 10.8 billion.
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During April-May 2026-27, the country's merchandise exports to China rose 25.85 per cent to USD 3.8 billion, while imports jumped 22.15 per cent to USD 24.7 billion.
India has also recorded positive exports growth to Singapore, the UK, Tanzania, Germany, South Africa, Australia, Sri lanka, Itlay and Vietnam during the reporting period.
However, exports to the Netherlands, Bangladesh and Nepal registered negative growth in May.
Also Read: India’s goods exports up 18% to $45.2 bn in May
On the other hand, imports from Russia, Korea, Singapore, Japan, Germany, Thailand, Malaysia and Brazil increased.
Imports from Brazil rose 358.83 to USD 1.35 billion in May, while imports from Peru grew 208.94 per cent to USD 781.52.
Open Questions
- What are the specific drivers of increased imports from Brazil and Peru?
- What factors contributed to the negative export growth to the Netherlands, Bangladesh, and Nepal?
