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    Goods exports up 9%, trade deficit widens | India News – The Times of India

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    India’s exports saw a boost of 9.1% in April, reaching $38.5 billion. However, the trade deficit increased to $26.4 billion. Imports also rose significantly, up 19% to $64.9 billion. The US became a major destination for exports. China remained the top source of imports. Petroleum and electronics imports also contributed to the increased import numbers.

    NEW DELHI: India’s goods exports rose 9.1%, the fastest pace in six months, to $38.5 billion in April, while the trade deficit widened to $26.4 billion, the highest since last Nov. Latest data released by the commerce department pegged imports at $64.9 billion in April, which was 19% higher than the corresponding period last year.“We have opened this year with a bang… I hope India will maintain this export momentum and it should be a good year despite global uncertainties,” commerce secretary Sunil Barthwal said.A part of the increase in exports may have been driven by front-loading of shipments to the US ahead of the deadline for reciprocal tariffs that kicked in on April 9, only to be paused for 90 days.

    Goods exports up 9%, trade deficit widens

    US shipments major driver

    Shipments to the US went up 27% to $8.4 billion, the latest numbers showed.Overall, electronics exports, a large part of which is through air cargo, shot up nearly 40% to $3.7 billion. Engineering goods, the largest item in India’s export basket, rose over 11% to $9.5 billion, while petroleum products (the second biggest group) were 4.7% higher at $7.4 billion.Some shipments into the country were also advanced, pushing up imports.“The merchandise trade deficit in April 2025 exceeded our expectations despite a healthy growth in exports, partly on account of a front-loading of crude oil imports amid softer prices, as well as a sharp increase in electronics,” said Aditi Nayar, chief economist at ratings agency ICRA.Petroleum imports soared 25.6% to $20.7 billion, while chemical material more than doubled to $2 billion. Import consignments of metalliferous ores and other minerals zoomed 77% to go past the $1 billion mark in April and non-ferrous metal imports were 30% higher at $2.3 billion. Electronics shipments are estimated to have increased 31% to $9.5 billion.Gold imports were estimated to be 4.9% higher at $3.1 billion.China cemented its position as the top source of imports with a 27% increase to $9.9 billion in April, although Russia just about managed to stay at the second spot with overall shipments valued 18% higher at $6.2 billion. UAE, with an 89% jump, was just $540,000 short of Russia’s level. Imports from the US were also up 64% to $5.4 billion.





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