Industry Odisha Bureau, Jul 14: Data released by the Ministry of Commerce and Industry (MOCI) yesterday reportedly showed that India’s merchandise trade deficit has widened to a five-month high amounting to $30.43 billion last month.
Attributing the five-month high trade deficit to the reportedly “higher bills for crude oil, electronics and chemicals imports amid the West Asia conflict outpacing the robust export growth,” the MOCI’s data reportedly elaborated that, “merchandise exports rose 15.5% year-on-year (YoY) to $40.41 billion in June from $34.98 billion a year earlier (2024), while imports jumped 31% to $70.84 billion from $54.08 billion.”
The MOCI’s data reportedly added that, “imports of petroleum, crude oil and its products surged over 40% year-on-year (YoY) to $19.33 billion in June, from $13.79 billion a year ago (2024), making it the single largest imported item during the month of June.”
Citing the provisional estimates based on the data reportedly availed from the Reserve Bank of India (RBI), media reports said that, “India’s total exports, including services, rose 9.5% to $73.45 billion in June from $67.09 billion a year ago (2024), while total imports rose 26.8% to $88.76 billion from $69.98 billion, taking the overall trade deficit to $15.32 billion, compared with $2.89 billion in June 2025.”
