<h1>India's Exports Decline in May 2023, But Electronic Goods Surge 73.96%; Trade Deficit Drops 35.41% in April-May.</h1> India's exports in May 2023 totaled USD 60.29 billion, marking a 5.99% decline from May 2022. Electronic goods exports surged by 73.96% in May 2023. Agricultural exports also grew, with spices and rice increasing by 31.81% and 19% respectively in April-May 2023. The trade deficit for April-May 2023 was USD 13.28 billion, a 35.41% decrease from the previous year. Merchandise exports and imports declined, while services exports showed a slight increase. Key sectors such as textiles and plastics saw declining exports, while imports of silver, gold, and other commodities dropped significantly due to lower prices and import duties.