New Delhi: India’s exports rose 13.16% to US$ 316.42 billion during April-July 2026-27, according to government estimates. The figure stood at US$ 279.63 billion in the same period last year.
The growth covered both merchandise and services exports. Merchandise exports reached US$ 173.78 billion, up 17.04% from US$ 148.48 billion a year earlier.
Meanwhile, non-petroleum exports rose 12.79% to US$ 143.61 billion. They stood at US$ 127.32 billion during April-July 2025-26.
In July alone, India’s total exports reached an estimated US$ 80.14 billion. That marked a 13.31% increase from US$ 70.72 billion in July 2025.
Total imports also increased during the month. They rose 15.83% to US$ 95.16 billion from US$ 82.16 billion.
The resulting trade deficit stood at US$ 15.03 billion in July. It was US$ 11.43 billion during the same month last year.
Merchandise exports grew strongly during July. They reached US$ 44.24 billion, compared with US$ 36.98 billion in July 2025.
India’s exports gain from key merchandise sectors
Several sectors drove the increase in merchandise exports during July. Petroleum products recorded the highest growth among the major drivers.
Petroleum product exports rose 67.64% to US$ 6.92 billion from US$ 4.13 billion. Electronic goods exports also climbed 57.40% to US$ 5.92 billion.
Engineering goods exports increased 17.71% to US$ 12.24 billion. Organic and inorganic chemicals rose 14.39% to US$ 2.80 billion.
Exports of cotton yarn, fabrics, made-ups and handloom products grew 8.40% to US$ 1.11 billion.
Other sectors also recorded strong gains. Iron ore exports rose 78.35%, while meat, dairy and poultry products increased 40.84%.
Cashew exports grew 25.11%, while marine products rose 17.83%. Handicrafts excluding handmade carpets increased 15.55%.
Plastic and linoleum exports rose 11.01%. Drugs and pharmaceuticals recorded a smaller increase of 0.74%.
Services exports also contributed to the overall growth. Their estimated value reached US$ 35.89 billion in July, compared with US$ 33.74 billion a year earlier.
During April-July 2026-27, services exports stood at an estimated US$ 142.64 billion. The figure rose from US$ 131.15 billion in the corresponding period last year.
Services imports reached US$ 73.47 billion during the four-month period. Consequently, the services trade surplus stood at US$ 69.17 billion.
Merchandise imports increased to US$ 292.38 billion during April-July 2026-27. They stood at US$ 245.14 billion in the previous year.
As a result, the merchandise trade deficit widened to US$ 118.60 billion. It had stood at US$ 96.66 billion during April-July 2025-26.
Non-petroleum and non-gems and jewellery exports also showed growth. They reached US$ 134.02 billion during April-July 2026-27.
The corresponding figure was US$ 118.27 billion in April-July 2025-26. Meanwhile, non-petroleum and non-gems and jewellery imports rose to US$ 192.03 billion.
Among export destinations, Singapore recorded 83.70% growth in July. China recorded 64.57% growth, while Kenya and Malaysia posted increases of 151.41% and 73.03%.
For April-July, Singapore led with 97.11% growth. Tanzania, South Africa, Sri Lanka and China also recorded strong increases.
On the import side, Oman recorded 150.36% growth in July. Taiwan, Russia, China and the US also registered increases.
During April-July, imports from Oman rose 200.68%. Brazil, Russia, the US and China also recorded higher import values.
The government noted that July 2026 services data remained an estimate. The latest services data released by the RBI covered June 2026.
