New Delhi: India exports growth reached 14.66% during April-May 2026-27, with total merchandise and services exports estimated at USD 162.69 billion compared to USD 141.89 billion in the corresponding period of the previous financial year.
Merchandise exports stood at USD 88.91 billion during the two-month period, registering a 16.09% increase from USD 76.59 billion a year earlier. Non-petroleum exports also increased by 10.49% to USD 70.74 billion.
In May 2026, India’s total exports rose 15.83% to USD 81.96 billion, while imports increased 19.23% to USD 92.47 billion. Merchandise exports reached USD 45.20 billion and services exports were estimated at USD 36.76 billion.
Major export drivers during May included petroleum products, engineering goods, organic and inorganic chemicals, electronic goods and gems and jewellery. Petroleum product exports recorded the highest growth among major sectors, rising 54.89% to USD 8.42 billion.
Engineering goods exports climbed 24.48% to USD 12.31 billion, while electronic goods exports grew 11.62% to USD 5.10 billion. Organic and inorganic chemicals exports increased 12.71%, reaching USD 2.72 billion.
Merchandise and services boost India exports growth
Services exports during April-May 2026-27 were estimated at USD 73.79 billion compared to USD 65.30 billion in the same period last year. Services imports stood at USD 37.48 billion, resulting in a trade surplus of USD 36.31 billion.
The country also witnessed strong growth in several sectors, including other cereals, meat and poultry products, oil meals, handicrafts, plastics, iron ore, drugs and pharmaceuticals, rice and coffee.
Singapore, South Africa, Tanzania, Italy and Sri Lanka emerged among the top export destinations showing significant growth in May 2026. Russia, China, the United States, Oman and Brazil recorded major increases among India’s import sources.
The government said India’s trade performance reflected continued momentum in merchandise and services sectors despite global economic challenges.
