New Delhi: India’s combined merchandise and services exports are estimated at US$232.73 billion during the April-June quarter of FY2026-27, reflecting continued momentum in the country’s external trade despite evolving global market conditions. The latest trade figures also show growth in several key export sectors, reinforcing India’s expanding presence in international markets.

According to provisional trade data, total exports during the first quarter of FY2026-27 stood at US$232.73 billion, compared with US$208.98 billion recorded during the same period a year earlier. Merchandise and services imports for the quarter were estimated at US$302.56 billion, resulting in total trade activity of over US$526 billion.

Merchandise exports in June 2026 were valued at US$41.38 billion, while imports reached US$71.84 billion. During the April-June period, merchandise exports stood at US$129.33 billion, with imports estimated at US$206.26 billion.

Non-petroleum exports continued to remain a major contributor to India’s export performance. During April-June FY2026-27, these exports reached US$106.31 billion, supported by strong shipments across engineering goods, organic and inorganic chemicals, electronic products, drugs and pharmaceuticals, rice, ready-made garments, gems and jewellery, and marine products.

Engineering goods maintained their position as one of India’s largest export categories, recording healthy year-on-year growth. Electronic goods also continued their upward trajectory, reflecting sustained global demand for Indian-manufactured technology products. Organic and inorganic chemicals, pharmaceuticals and agricultural commodities similarly contributed to export expansion during the quarter.

Services exports also posted steady growth, further strengthening India’s overall trade performance. The services sector remained a key pillar of external trade, helping offset part of the merchandise trade gap through continued demand for Indian IT, business and professional services.

On the import side, petroleum products, electronic goods, machinery and gold remained among the major contributors to India’s import bill during the reporting period.

The latest figures underline the resilience of India’s export sector as manufacturers and service providers continue expanding their presence in overseas markets. Growth across both merchandise and services exports reflects diversified demand and sustained competitiveness in several high-value industries, contributing to the country’s broader trade performance during the opening quarter of FY2026-27.

Source: This article is based on an official press release issued by the Press Information Bureau, Ministry of Commerce & Industry, Government of India
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