Exports, gold imports: The trade deficit in India is narrowing to 26.49 billion dollars

India’s exports grew by 6.7 % in August to 35.1 billion dollars, while imports decreased by 10.12 % to 61.59 billion dollars, according to data issued by the Ministry of Commerce on Monday. The motivation behind the decline in golden charges, which fell nearly 56 %, raised the trade deficit to 26.49 billion dollars compared to 35.64 billion dollars in the previous year.

The United States remained the largest export destination in India in August with shipments of $ 6.86 billion, an increase of 7.15 % on an annual basis. The other major destinations were the United Arab Emirates for $ 3.24 billion, the Netherlands at $ 1.83 billion, China for $ 1.21 billion and the United Kingdom for $ 1.14 billion.

On the import side, China was the highest source of $ 10.91 billion, followed by Russia with an amount of $ 4.83 billion, the United Arab Emirates with $ 4.66 billion, the United States with $ 3.6 billion, and Saudi Arabia with $ 2.5 billion.

Cumulative goods and services exports amounted to $ 69.16 billion in August, compared to 63.25 billion dollars in the same month last year. The value of the imports combined is 79.04 billion dollars, compared to 84.99 billion dollars in August 2024, which led to a commercial deficit of $ 9.88 billion.

Between April and August 2025, cumulative exports amounted to 349.35 billion dollars, an increase of 329.03 billion dollars in the same period from 2024, which reflects 6.18 % growth.

Electronics, engineering commodities, gemstones, jewelry, petroleum products and pharmaceutical products lead to the growth of goods exports in August. The value of electronic goods amounted to $ 2.93 billion, engineering commodities at $ 9.9 billion, precious stones and jewelry at $ 2.31 billion, petroleum products at $ 4.48 billion, and medicines worth $ 2.51 billion.

Imports during the month included vegetable oils worth $ 2 billion, fertilizers with a value of $ 1.65 billion, coal, coke, cookies with a value of $ 2 billion, petroleum products worth $ 13.26 billion, chemicals worth $ 2.49 billion, and electronic elements worth 9.73 billion dollars. Gold imports decreased by 56.67 % to 5.43 billion dollars from 12.55 billion dollars in August 2024. Other than containers and jewelry imports reached 41.02 billion dollars, approximately 41.41 billion dollars last year.

The services trade showed flexibility. Exports were estimated at $ 34.06 billion in August, compared to $ 30.36 billion in the past year, while imports amounted to $ 17.45 billion for $ 16.46 billion. In April, August 2025, service exports amounted to $ 165.22 billion, while imports amounted to $ 84.25 billion, leaving a trade surplus of $ 80.97 billion, an increase of $ 68.25 billion in the previous year.

Commenting on the commercial performance, the FIEO Federation (FIEO) said: “The 6.7 percent growth on an annual basis in exports for 2025 is a welcoming and encouraging sign of the export sector in India, especially in light of the light of the continuous global duo, which is more than the month, which is more than a month, which increases the saying in general, which is considered by it In general, which is generally indicated by the increase.

(With PTI inputs)