The Ministry of Commerce and Industry released figures on Monday showing that India’s merchandise trade deficit decreased to $27.1 billion in February from $34.68 billion in the preceding month.
According to the data, the nation’s merchandise exports increased to $36.61 billion from $36.56 billion in January, while imports decreased to $63.71 billion from $71.24 billion. According to government figures, India’s merchandise exports increased by 1.84 percent from $395.66 billion in the same time last year to $402.93 billion in April–February 2025–2026.
20% of the world’s oil and gas exports pass through the Strait of Hormuz in the Middle East due to the escalation of the war in Iran, which began on February 28. India’s shipments of goods to the Middle East, including grains, have also been impacted by the Strait’s closure.
The Strait of Hormuz used to account for around half of India’s energy imports, but these days they are more varied, with a significant portion coming from Russia. India’s ability to withstand global energy shocks has changed as a result of its strategic oil reserves and diversification of energy imports across 40 supplier nations. According to a senior official, this resilience has prevented India from experiencing an energy crisis resulting from the disruption caused by the Iran war, as the government is addressing the issue through supply-side management.
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