Categories: Economy

Trade Deficit widens to record $26.1 Billion in June

India’s merchandise trade deficit widened to a record $26.18 billion in June, wider than the government’s earlier estimate of $25.63 billion, after the Commerce Ministry revised upwards both the exports and imports figures for the month. The previous record monthly merchandise trade deficit was $24.3 billion in May. Last month’s trade deficit was almost three times as wide as the $9.6 billion shortfall recorded in June 2021.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Key points:

  • While goods exports increased 23.5% year-on-year in June to exceed $40.1 billion (the preliminary estimate was $38 billion), imports outpaced, surging 57.5% to $66.3 billion on the back of higher purchases of coal, gold and petroleum products.
  • The surge in imports was driven by coal, gold and petroleum products as estimated earlier, but there were significant upward revisions for each. Coal imports jumped almost fourfold to $6.76 billion while gold imports almost trebled to surpass $2.7 billion. Petroleum imports climbed 99.5% to $21.3 billion.
  • Excluding petroleum and gems and jewellery, imports were up 38.3% at $38.53 billion in June. Stripping out the same product categories from the export data, meant exports of other products grew by a single digit of 8.65% to about $28 billion.

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

RBI Gets Government Approval to Issue ₹10 and ₹20 Polymer Banknotes for Field Trials

The Reserve Bank of India (RBI) got permission from the Indian Government to roll out…

1 hour ago

Gujarat Launches e-Zero FIR System for Cyber Financial Fraud Cases: Here’s How It Works

The e-Zero FIR system has been introduced by the Gujarat Government to facilitate cyber financial…

2 hours ago

Gujarat’s Unjha Cumin and Unjha Fennel Receive GI Tag in 2026: Complete List of 31 GI Tags of Gujarat

Gujarat has secured its position as a frontrunner among India’s states with Geographical Indication (GI)…

2 hours ago

International Tiger Day 2026: Date, Theme, History, Significance, Facts and Tiger Conservation in India

On 29th July, 2026 International Tiger Day will be observed worldwide, to raise the global…

2 hours ago

UNESCO World Heritage Sites in Uttar Pradesh (2026): Complete List Here

In July 2026, Sarnath got included in the UNESCO World Heritage List which helped Uttar…

3 hours ago

Education Ministers of India (1947-2026): Complete List, First Education Minister and New Education Minister

The Ministry of Education, headed by the Education Minister of India, is one of the…

4 hours ago