New Delhi: India’s merchandise exports rose 15.92% to US$129.32 billion during April-June 2026-27 from US$111.57 billion a year earlier, according to data released by the Commerce Ministry on Monday. Total exports, including merchandise and services, increased 11.37% to an estimated US$232.73 billion during the first quarter of the financial year.
Merchandise exports reached US$40.41 billion in June 2026, up from US$34.98 billion in the same month last year. Total exports, including services, stood at an estimated US$73.45 billion, registering annual growth of 9.48%.
Imports also increased during the quarter. Total imports rose 17.55% to US$270.15 billion, while merchandise imports climbed to US$216.18 billion from US$180.31 billion. As a result, the overall trade deficit widened to US$37.42 billion from US$20.85 billion a year earlier.
Merchandise exports driven by engineering and gems
The Commerce Ministry said non-petroleum exports increased 12.44% to US$106.30 billion during April-June. Non-petroleum and non-gems and jewellery exports also grew to US$99.04 billion from US$87.88 billion.
Engineering Goods remained a major contributor to export growth. Shipments increased 20.74% to US$11.48 billion in June. Gems and Jewellery exports rose 34.64% to US$2.41 billion during the month.
Electronic Goods exports climbed 18.93% to US$4.93 billion. Organic and Inorganic Chemicals recorded 19.42% growth, while Rice exports increased 16.48%.
The ministry said exports of Other Cereals, Meat, Dairy and Poultry Products, Iron Ore, Marine Products, Petroleum Products, Drugs and Pharmaceuticals, Tobacco and Plastic products also registered positive growth during June.
Services exports continue steady growth
Estimated services exports stood at US$103.41 billion during April-June, compared with US$97.41 billion in the corresponding period last year. Services imports increased to US$53.97 billion from US$49.51 billion.
The services trade surplus reached US$49.43 billion during the quarter, slightly higher than US$47.90 billion a year earlier.
Among export destinations, Singapore, Tanzania, South Africa, Sri Lanka and China recorded the highest increase in export value during April-June. On the import side, Russia, China, Oman, the United States and Brazil recorded the strongest growth.
The ministry said services exports were estimated to grow 6.16% during the April-June quarter over the corresponding period last year.
