Tamil Nadu: Goods Exports Rise 14.35 Pc To $40 Bn In June As Trade Deficit Widens To $30 Bn
On a y-o-y basis, goods exports grew 14.35 per cent to $40.4 billion. However, sequentially it was down from $45.20 billion in May: Reports
CHENNAI: Merchandise exports rose 14.35 per cent to $40.4 billion in June, while merchandise imports rose 31 per cent year-on-year to $70.8 billion. Higher imports pushed the trade deficit to $30.4 billion in June, despite total exports in the April-June quarter touching a new high of $232.73 billion.
On a y-o-y basis, goods exports grew 14.35 per cent to $40.4 billion. However, sequentially it was down from $45.20 billion in May.
Among the major categories that drove the exports, gems and jewellery grew 34.64 per cent to $2.4 billion, engineering goods by 20.74 per cent to $11.4 billion, Organic & Inorganic Chemicals by 19.42% to $2.7 billion, electronic goods by 18.93% to $4.9 billion, rice 16.48% to $1 billion, Mica, and petroleum products by 9.19% to $4.8 billion.
“Some of the key factors that have contributed to the double-digit growth in exports include free trade pacts with key partner countries, exporters' product and market diversification strategy, and the rising competitiveness of Brand India products,” said Pankaj Chadha, Chairman, EEPC India.
Some of the countries which registered good growth in purchases from India include, Singapore, China, Malaysia, Tanzania, Vietnam and South Africa.
Merchandise imports rose 31 per cent year-on-year to $70.8 billion against $54.08 billion in June 2025.
As a result, India's trade deficit widened to $30.4 billion in June against $19.1 billion in the same month last year. In May 2026, the trade deficit stood at $28.2 billion.
“Merchandise trade deficit widened as elevated commodity prices pushed up the import bill by 31 per cent in the month. While the uptick in imports in June 2026 was largely broad-based, select items such as oil, electronics, fertilisers and chemicals witnessed a sizeable expansion in the month, albeit partly on account of a low base,” said Aditi Nayar, chief economist, ICRA.
The estimated value of services export grew by 0.24 per cent for June to $33.03 billion and services imports grew 12.7 per cent to $17.92 billion.
India's total exports continue to show healthy growth, with June exports rising 7.3% year-on-year. India’s total exports during April-June quarter were estimated at $232.73 billion registering a positive growth of 11.37 percent. Total imports during the quarter were $270.15 billion registering a growth of 17.55 per cent.
