India recorded a merchandise trade deficit of $26.49 billion in August of 2025, narrowing slightly from the $29.7 billion gap in the corresponding period of the previous year. Imports of goods fell by 10.1% from the previous year to $61.59 billion amid lower prices of crude oil and major energy commodities, which make up a large portion of Indian foreign purchases. In the meantime, merchandise exports were 6.7% higher to $35 billion in the period despite the introduction of 25% in the second week of August, which were doubled by the end of the month.
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