India's exports to US dip marginally in June, imports jump 34%

The Commerce Ministry in its latest data has indicated that India's merchandise exports to the United States (US), its largest export destination, declined marginally by 1.21% year-on-year to $8.17 billion in June 2026 as compared to $8.27 billion in the corresponding month last year.

On the other hand, imports from the US grew sharply by 33.86% to $5.5 billion in June 2025 as compared to $4.11 billion in June 2025. On a cumulative basis, the country's exports to the US declined marginally by 0.06% to $25.46 billion during the April- June period of FY27, while imports rose 23.82% to $16.65 billion.

According to the data, the country's exports to China surged 31.49% in June to $1.8 billion, while imports surged 40.26% to $13.34 billion, resulting in a trade deficit of $11.54 billion. During April-June 2026-27, the country's merchandise exports to China rose 27.54% to $5.6 billion, while imports jumped 27.94% to $38.04 billion. Similarly, exports to Singapore grew 48.91% year-on-year during June 2026 to $1.44 billion. During April-June 2026-27, exports jumped 101.16% to $6.51 billion.

India has also recorded positive exports growth to the UAE, the Netherlands, the UK, Germany, South Africa, Bangladesh, Tanzania, Australia, Malaysia, Sri lanka, Italy, and Vietnam during the reporting period. However, exports to Saudi Arabia and France registered a decline in June.

On the other hand, imports from Russia, the UAE, Korea, Singapore, Japan, Germany, Oman, Malaysia, Taiwan, Thailand, Brazil, and Nigeria increased. Imports in June from Oman, Taiwan, Brazil and Nigeria surged 135.57% to $1.38 billion, 135% to $1.5 billion, 162.3% to $1.15 billion, and 301.91% to $996.40 million.