The US trade deficit narrowed in April by the most on record on the largest-ever plunge in imports, illustrating an abrupt end to the massive front-loading of goods by some companies ahead of higher tariffs.

On a year-on-year basis, the trade gap in goods in the previous month shrunk versus $22.09 billion in May 2024.

India's goods exports experienced a slight contraction of 2.3% in May, mirroring a 2.8% dip in imports, leading to a reduced trade deficit of $21.9 billion. The decline in exports was primarily driven by falling oil prices,

New Delhi: India’s merchandise trade deficit narrowed to $21.88 billion in May from $26.42 billion in the previous month on the back of higher exports and a drop in imports, data released by the ministry of commerce and industry showed on Monday.

The overall trade deficit, comprising both merchandise and services, stood at $6.62 billion, an improvement from $9.35 billion in the year-ago period. India’s cumulative exports (merchandise and services) in April–May 2025 stood at $142.43 billion, up from $134.69 billion in the same period last year, reflecting a growth of 5.75%.

India’s trade deficit for the month of May 2025 narrowed to $21.88 billion from a five-month high of $26.42 billion in April.

India’s trade deficit narrowed to $21.88 billion in May, helped by resilient exports in electronics and pharmaceuticals even as global trade faced disruptions from US tariffs and policy uncertainties.

After registering a positive growth for two months, India's exports slipped into negative territory again, contracting 2