FPJ News Service mumbai

India’s overall trade deficit contracted 9.4% in the first quarter of FY26 to $20.31 billion as exports outpaced imports, according to the statistics released by the Ministry of Commerce & Industry on Tuesday. The country’s total exports during April-June 2025 is estimated at $210.31 billion, recording a growth of nearly 6%. Total imports during the period is estimated at $230.62 billion registering a growth of 4.38%.

Meanwhile, the total deficit for the month of June stood at $3.51 billion as against $7.30 billion in June 2024.  Total exports (merchandise and services combined) for June 2025 is estimated at $67.98 billion, registering a positive growth of 6.50% vis-à-vis June 2024. Total imports (merchandise and services combined) for June is estimated at $71.50 billion, registering a positive growth of 0.50% vis-à-vis June 2024. Merchandise exports during June 2025 were $35.14 billion as compared to $35.16 billion in June 2024. Merchandise imports during June 2025 were $53.92 billion as compared to $56 billion in June 2024.

Merchandise exports during the quarter stood at $112.17 billion as compared to $110.06 billion during the same period of the previous year. Merchandise imports stood at $179.44 billion as compared to $172.16 billion during April-June 2024. Merchandise trade deficit during April-June 2025 was $67.26 billion as compared to $62.10 billion during April-June 2024. Top export destinations, import sources

Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-June 2025 vis a vis April-June 2024 are USA (22.18%), China (17.87%), Kenya (69.83%), Germany (10.79%) and Australia (14.01%). Top 5 import sources, in terms of change in value, exhibiting growth in June 2025 vis a vis June 2024 are Ireland (265.82%), Hong Kong (23.09%), Singapore (18.16%), Thailand (25.68%) and China (2.48%). Top 5 import sources, in the June quarter are China (16.33%), UAE (28.73%), Ireland (281.04%), USA (11.68%) and Hong Kong (33.22%).