The main reason behind this jump was a massive rise in gold and silver imports, which pushed the overall import bill much higher.

India’s trade deficit widened to $34.68 billion in January as imports surged ahead of US tariff relief, highlighting pressure on exports and rising gold imports.

According to GTRI, the latest trade figures for January 2026 reflect the significant impact of US tariffs on India’s export performance, while also indicating early signs of diversification into other ...

Overall imports during the month grew at a faster pace of 18.77 per cent, rising to USD 90.83 billion from USD 76.48 billion in January 2025, the ministry data showed.

For the April–January period, merchandise exports rose 2.22% to $366.63 billion, while imports climbed 7.21% to $649.86 billion, keeping the deficit elevated.

India's exports increased by 13.16% in January 2026, reaching USD 80.45 billion, while imports surged 18.77% to USD 90.83 billion, resulting in a widened trade deficit of USD 10.38 billion. For ...

NEW DELHI, July 15 (Reuters) - India's merchandise trade deficit narrowed in June due to a sharp fall in imports, even as the value of exports slipped to a seven-month low following a drop in global ...

New Delhi: India’s merchandise trade deficit widened in December following a sharp rise in imports, even as demand for Indian goods in the US remained resilient despite steep 50% tariffs imposed on ...