India’s cumulative exports of merchandise and services reached an estimated US$126.69 billion during April-May 2026-27, registering a 14.66% increase compared with US$141.89 billion recorded in the corresponding period of the previous financial year, according to data released by the Ministry of Commerce and Industry.
India recorded strong growth in its external trade during the first two months of the 2026-27 financial year, driven by gains in engineering goods, petroleum products, electronics, chemicals and gems and jewellery exports.
Official data showed that cumulative merchandise exports during April-May 2026-27 were estimated at US$88.91 billion, up from US$76.59 billion in April-May 2025-26, reflecting a growth of 16.09%.
Exports excluding petroleum products also posted robust growth. Non-petroleum exports reached US$70.74 billion during April-May 2026-27, compared with US$58.403 billion in the same period a year earlier, representing an increase of 21.14%.
The government said the major contributors to export growth in May 2026 included petroleum products, engineering goods, organic and inorganic chemicals, electronic goods, and gems and jewellery.
Among the key sectors, petroleum product exports increased by 54.90%, rising from US$5.44 billion in May 2025 to US$8.42 billion in May 2026. Engineering goods exports grew by 24.48%, reaching US$12.51 billion from US$10.05 billion a year earlier.
Exports of organic and inorganic chemicals climbed 22.71% to US$2.72 billion in May 2026 from US$2.21 billion in May 2025. Meanwhile, electronic goods exports surged 51.62%, increasing from US$3.47 billion to US$5.10 billion during the period.
The gems and jewellery segment also recorded growth, with exports rising by 6.66% to US$2.53 billion in May 2026 compared with US$2.33 billion in May 2025.
The latest trade figures indicate continued momentum in India’s export sector at the start of FY 2026-27, supported by sustained demand across several key manufacturing and value-added export categories.
Source: This article is based on a Press Information Bureau (PIB) release issued by the Ministry of Commerce and Industry
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