Document title: Monthly Data on India's International Trade in Services – May 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: 2026-2027/577
External Sector and Currency
The RBI press release presents provisional data for April‑May and revised data for January‑March on India's trade in services. For May 2026, receipts (exports) amounted to US$33,355 million, representing a 2.8 % increase over May 2025. Payments (imports) were US$17,637 million, up 5.6 % year‑on‑year.
Month‑by‑month figures show that January 2026 exports were US$38,159 million (+9.8 % YoY) with imports of US$16,632 million (‑0.5 % YoY). February 2026 exports fell to US$34,703 million (+9.7 % YoY) while imports rose to US$16,866 million (+16.2 % YoY). March 2026 exports were US$38,203 million (+7.2 % YoY) and imports US$17,211 million (‑1.6 % YoY). April 2026 exports recorded US$37,021 million (+12.7 % YoY) and imports US$18,417 million (+8.9 % YoY). The note clarifies that April‑May figures are provisional and January‑March figures have been revised on a pro‑rata basis.
Overall, services exports continued to grow modestly in May 2026 but at a slower pace than earlier months, while imports accelerated, narrowing the services trade surplus.