FX.co ★ India’s Imports Ease to $70.84B in June 2026, Down from May’s Recent Peak

India’s import bill softened in June 2026, slipping to USD 70.84 billion from USD 73.41 billion recorded in May 2026, according to the latest data updated on 13 July 2026. The decline follows a strong May reading, when imports had reached a recent high.

The June moderation in import values may signal a cooling in external demand for certain categories of goods or an adjustment in domestic consumption and investment needs after the May surge. While still elevated in absolute terms, the lower June figure could offer some relief for India’s trade balance and may slightly ease pressure on the current account, depending on export performance over the same period.

Market participants and policymakers will be watching upcoming monthly data to see whether June’s pullback marks the start of a trend or a temporary pause following May’s spike in import activity. Further readings will help clarify how India’s trade dynamics are evolving in the second half of 2026.