India's goods exports shrink by 2.17% in May
India's exports of goods dipped slightly in May 2025, but a big jump in the services sector helped shrink the overall trade deficit to $6.62 billion.
While traditional sectors such as petroleum and gems saw drops, India's services sector stepped up, keeping total exports strong at over $71 billion.
Key highlights of India's trade data for May 2025
The US stayed India's top spot for exports, with sales there rising nearly 17%.
Meanwhile, China remained the biggest source of imports—those jumped by over 21%.
Despite some sectors struggling, electronics, chemicals, pharma, and ready-made clothes managed to grow.
Exporters concerned about global issues, conflicts
Even with these wins in services and some products, exporters are worried about global issues—especially conflicts like Israel-Iran—which could shake up trade flows.
May's numbers show India is adapting fast but still faces plenty of challenges from world events.