India’s trade deficit expands sharply to $26.42 billion in April amid global trade and supply chains upended by United States

[Beijingwalker]

India’s trade deficit expands sharply to $26.42 billion in April​

May. 15 2025

India's trade deficit widened sharply to $26.42 billion in April, up from $21.54 billion in March, amid global trade and supply chains being upended by United States' President Donald Trump's tariff hikes on its trading partners.

For the previous month, India's trade deficit expanded to $21.54 billion in March, up from a three-year low of $14.05 billion in February.

Imports were up 19.12% to $64.91 billion in April as against $54.49 billion in same month last year, according to government data. While exports for the month of April were up 9.03% y-o-y to $38.49 billion.

"I hope India will maintain this export momentum," said Commerce Secretary Sunil Barthwal.

Economists had expected the April trade deficit to be $20 billion, according to a Reuters poll.

India's services trade exports increased to $35.31 billion as against $30.18 billion in same month last year. On the other hand, the services trade imports reached $17.54 billion, up from $16.76 billion in April 2024. The surplus for April services trade was at $17.77 billion.

The non-oil imports in April stood at $44.20 billion as against $37.99 billion in same month last year. India's engineering goods exports touched $9.51 billion in April 2025 as against $8.55 billion in April 2024.

India's electronic goods exports increased to $3.69 billion in April 2025 when compared to $2.65 billion in April 2024. Additionally, gold imports touched $3.10 billion in April, up from $2.95 billion in same month last year.

India-US trade ties:In April, the US announced a 26% tariff on Indian goods, lower than those imposed on competing nations like China, Vietnam and Bangladesh.

India's exports to the U.S. rose to $8.42 billion in April from $6.61 billion a year earlier.

The levies, which the White House called reciprocal tariffs, targeting India and many other nations were later put on hold for 90 days until July 8, while an agreement to pause tariffs imposed on China was reached last weekend.

US President Donald Trump on Thursday revealed that India has offered a trade deal to the United States which would see "basically zero tariffs" on a broad range of American goods, reported Reuters. Washington and New Delhi have been engaged in a flurry of ongoing high-level trade negotiations to resolve tariff and market access issues.

According to a report by Reuters on May 9, India had proposed to reduce its average tariff differential with the US from around 13% to under 4%—a 9-percentage-point drops. This would be among the most comprehensive moves by India to align its trade policies with major global partners.

Under the proposed deal, India has offered to bring duties down to zero on 60% of tariff lines in the first phase.

 

[Beijingwalker]

China's surplus surged and so did India's deficit last month, US tariffs hit an unintended target.

 

[Beijingwalker]

China’s exports to India jump 12% in May 2025: GTRI​

The report highlighted that China’s latest trade data for May 2025 shows a significant shift in its export destinations, with a sharp decline in shipments to the United States.

June 17, 2025

Amid tariff war with US, China increases its exports to other countries like India, European Union (EU), and the Association of Southeast Asian Nations (ASEAN) as per the May trade data, stated a report by the Global Trade Research Initiative (GTRI).

The report highlighted that China’s latest trade data for May 2025 shows a significant shift in its export destinations, with a sharp decline in shipments to the United States. As per the report, while China’s overall exports rose modestly by 4.6 per cent, from $302.1 billion in May 2024 to $316.2 billion in May 2025, its exports to the US fell drastically by 34.5 per cent, from $44 billion to $28.8 billion during the same period.

This steep drop in trade with the US. is being offset by increased exports to other regions. Exports to the EU rose by 12 per cent to $49.5 billion, to ASEAN by 15 per cent to $58.4 billion, and to India by 12.4 per cent to $11.13 billion. This redirection in trade indicates how global supply chains are quickly adapting amid rising geopolitical and economic tensions. The report also warned countries to be cautious of any aggressive export push that could lead to the dumping of goods.

GTRI said, “A dramatic decline in China’s shipments to the US is being partially offset by increased exports to other markets. Countries should watch out for any incidence of export push by dumping”. India’s own trade numbers confirm this shift. Although India’s total merchandise imports slightly declined by 1.8 per cent year-on-year, from $61.7 billion in May 2024 to $60.6 billion in May 2025, the fall was mainly due to lower imports of oil and gold.

If petroleum, gold, and diamonds are excluded, imports rose by 12 per cent, from $36.8 billion to $41.2 billion. Two major categories led this import growth: electronics, which rose 27.5 per cent to $9.1 billion, and machinery and computers, which increased by 22 per cent to $5 billion. A significant part of these imports came from China, as India’s combined imports from China and Hong Kong surged by 22.4 per cent to $12 billion from $9.8 billion last year. On the export side, India’s shipments to the U.S. grew by 17.3 per cent to $8.8 billion in May 2025, with smartphones playing a major role in this rise.

China’s exports to India jump 12% in May 2025: GTRI - Maritime Gateway

Amid tariff war with US, China increases its exports to other countries like India, European Union (EU), and the Association of Southeast Asian Nations (ASEAN) as per the May trade data, stated a report by the Global Trade Research Initiative (GTRI). The report highlighted that China's latest...

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[Beijingwalker]

 

[Sam6536]

View attachment 129013

Win-win for India China?

China exports to India is growing, Indian exports to US is growing especially in the tech sector. It's about time India diversified from bloated services sector.

 

[Beijingwalker]

India’s China Imports Hit Record $79.41 Bn In H1 2026​

BW Online Bureau Jul 14, 2026

India’s imports from China climbed to a record USD 79.41 billion in the first half of 2026, registering a 21.8 per cent year-on-year increase, according to data released on Tuesday by China’s General Administration of Customs. The latest figures showed bilateral trade between the two countries rose 23.6 per cent from a year earlier to USD 91.72 billion during the January–June period. At the current pace, total trade is likely to surpass the record USD 155.62 billion recorded in 2025, when China retained its position as India’s largest trading partner in goods.

India’s trade deficit with China widened to USD 67.1 billion in the first six months of 2026 and is on course to exceed the record USD 116.12 billion reported in 2025.

https://www.businessworld.in/article/india-s-china-imports-hit-record-79-41-bn-in-h1-2026-614733

 

[Ravenman]

India is a real danger for both China and Pakistan.

The Western investors will allways prefer those streetshitters above China because they are good slaves and speak English.

China needs to contain them otherwise they will be a real headache with their growing population.

 

[Indos]

Win-win for India China?

China exports to India is growing, Indian exports to US is growing especially in the tech sector. It's about time India diversified from bloated services sector.

The Observatory of Economic Complexity

The world's leading data visualization tool for international trade data.

oec.world

Telephone is more likely related to telephone/smartphone components

 

[Indos]

India's goods trade deficit widens on Hormuz disruptions, weak exports​

By Shivangi Acharya and Manoj Kumar
July 13, 20264:20 PM GMT+7
Updated July 13, 2026

• Summary

• June trade deficit widens to $30.43 billion from $28.21 billion in May
• Exports fall to $40.41 billion from $45.2 billion in May
• Imports decline to $70.84 billion from $73.41 billion in May
• India, US trade talks progressing well, says trade secretary

NEW DELHI, July 13 (Reuters) - India's merchandise trade deficit widened to $30.43 billion in June as exports fell faster than imports, ‌weighed down by shipping disruptions in the Strait of Hormuz linked to Middle East conflict.
Exporters' bodies have flagged concerns over global demand softness, particularly from Western markets, as a drag on growth in outbound shipments.

Economists had expected India's trade ⁠deficit to widen to $26.63 billion in June, according to a Reuters poll, compared with a deficit of $28.21 billion in May.

India's merchandise exports fell to $40.41 billion in June from $45.2 billion in the previous month while imports declined to $70.84 billion from $73.41 billion in May, data released on Monday showed.

Aditi Nayar, chief economist at ICRA, said the merchandise trade deficit widened by over 50% from a year earlier as elevated commodity prices pushed up the import bill.

"With West Asia's impact on crude prices remaining a monitorable, ICRA expects the current account deficit to widen to at least 1.0% of GDP in FY2027," she said.

https://www.reuters.com/world/india/indias-june-merchandise-trade-deficit-3043-bln-reuters-calculation-shows-2026-07-13/