New Delhi, June 16
India’s total exports of merchandise and services for May this year are estimated at $71.12 billion, which represents a growth of 2.77 percent over the same month of the previous year, despite the rising geopolitical tensions and trade war triggered by the hike in US tariffs, official figures released by the Commerce Ministry on Wednesday showed.
The country’s total imports of merchandise and services for May are estimated at $ 77.75 billion, registering a decline of (-) 1.02 per cent vis-a-vis May last year.
The major drivers of merchandise exports growth in May include electronic goods, chemicals, drugs & pharmaceuticals, marine products and ready-made garments of all textiles.
The export of electronic goods, including smartphones, shot up by a robust 54.1 per cent from $2.97 billion in May 2024 to $4.57 billion in May 2025.
Chemicals exports increased by 16 per cent from $2.31 billion in to $2.68 billion during the month, while drugs & pharmaceuticals exports rose by 7.38 per cent from $2.31 billion in May last year to $2.48 billion in May this year.
Marine products exports jumped by 26.79 per cent to 0.73 billion in May, while overseas shipments of ready-made garments surged by 11.35 per cent to $1.51 billion during the month.
"Despite the global policy uncertainty regarding trade, we have done extremely well," Commerce Secretary Sunil Barthwal told journalists.