India's merchandise exports decreased from last year in the month of May, data released by the Ministry of Commerce and Industry showed Monday.
Goods exports, including re-exports, decreased 1.11 percent on an annual basis to $24.51 billion in May. The value of imports, meanwhile, increased 6.99 percent year-on-year to $44.65 billion.
The net trade for the month resulted in a deficit of $20.14 billion, which was wider than the $16.95 billion shortfall seen in May 2012.
In the April-May period, shipments edged up 0.21 percent from the same period of last year to $48.67 billion. Imports climbed 8.88 percent annually to $86.6 billion during the two-month period.
The balance of trade was a deficit of $37.93 billion in the April-May period, higher than the $30.97 billion deficit recorded a year earlier, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.