In May 2022, India exported $39 billion and bought $63.2 billion, resulting in a $24.2 billion trade deficit. Between May 2021 and May 2022, India's exports climbed by $7.01 billion (21.9%), from $32 billion to $39 billion, while imports increased by $25 billion (65.4%), from $38.2 billion to $63.2 billion.