India's import map has witnessed significant changes in the last 3 months due to the onset of Iran War changing the route and destination for the country.
According to the latest trade data released by the Ministry of Commerce & Industry, Oman has witnessed 305.66% change in terms of value for the month of May and 277.63% in terms of change in value. In the months of April and May 2026, Oman moved up to 10th spot due to a 3.8 times jump in imports to $3.4 billion. The country was on the 30th largest source of imports for India during April-May 2025. During April-May, UAE slipped to the fourth place, with Russia returning to the second spot, followed by the US. The significant changes in the export map is due to India's hunt for the LPG as the blockage of Strait of Hormuz brought significant disruption to the supplies. Imports from Brazil shoot up 2.8 times to $2.7 billion during April-May, Peru 3.7 times higher at over $2 billion. Further, South American nation is now the 20th biggest import source, compared to 35th in April-May 2025. For the month of May, India's exports to West Asia was lower as Commerce Secretary Rajesh Agrawal said, "India's exports to West Asia in May was marginally down at $5.30 billion against $5.38 billion in May 2025." India's merchandise exports rose 18 per cent to $45.2 billion while imports grow 20.62 per cent to $73.41 billion in May, according to the commerce ministry data. The total trade deficit was recorded at $28.21 billion. India's merchandise exports rose to $88.91 billion during April-May 2026-27, marking a 16.09 per cent growth over the corresponding period last year, as per the government data. Major destinations for Exports and imports were Singapore, China and UK recording significant growth.
