US-India Trade Gap Stands At $4.1 Billion 

WASHINGTON, DC – The United States recorded a $4.1 billion goods trade deficit with India in May, according to official data released on July 7, as America’s overall trade deficit widened sharply amid falling exports and rising imports.

The latest data from the US Census Bureau and the Bureau of Economic Analysis showed the overall US goods and services trade deficit rose by $23 billion, or 42.2 per cent, to $77.6 billion in May from a revised $54.6 billion in April. Exports fell by $10.5 billion to $317.7 billion, while imports increased by $12.5 billion to $395.3 billion.

Among major trading partners, India was one of the countries with which the United States recorded a goods trade deficit. The largest deficits were with Vietnam ($20.6 billion), Mexico ($20.1 billion), Taiwan ($19.4 billion), China ($14.5 billion), the European Union ($9.3 billion), Canada ($7 billion), Germany ($5.7 billion), Malaysia ($4.7 billion), South Korea ($4.4 billion) and India ($4.1 billion).

The report said the increase in the overall US trade gap reflected a $23.6 billion rise in the goods deficit to $106.5 billion, partly offset by a $0.6 billion increase in the services surplus to $28.9 billion.

The US goods and services deficit declined by $203.9 billion, or 40.6 per cent, from the same period in 2025. Exports increased by $164.7 billion, or 11.7 per cent, while imports decreased by $39.2 billion, or 2.1 per cent. (IANS)