India’s combined goods and services exports stood at $790.86 billion during April-February 2025-26, rising 5.79% from $747.58 billion recorded in the same period a year earlier.
According to data released by the Ministry of Commerce and Industry, the rise in exports has been supported by strong performance across several key sectors including engineering goods, electronics, chemicals, gems and jewellery, and agricultural products.
In February 2026, India’s total exports of goods and services reached $76.13 billion, up from $68.56 billion in February 2025, marking an 11.05% increase.
Imports during the same month rose to $80.09 billion, registering growth of 21.64% year-on-year.
Merchandise exports in February 2026 were recorded at $36.61 billion, slightly lower than $36.91 billion in February 2025. Merchandise imports, however, rose sharply to $63.71 billion compared with $51.33 billion a year earlier.
For the April-February period of the current financial year, merchandise exports reached $402.93 billion compared with $395.66 billion in the same period of 2024-25, while merchandise imports increased to $713.53 billion from $657.46 billion. This widened the merchandise trade deficit to $310.60 billion from $261.80 billion a year earlier.
Services trade, however, continued to provide a strong offset. Services exports in February 2026 were estimated at $39.53 billion compared with $31.65 billion in February 2025, while services imports stood at $16.38 billion against $14.51 billion a year earlier.
Read also : DRI busts foreign-origin gold smuggling and melting racket; ₹14.13 crore worth gold, silver and cash seized
For April-February 2025-26, services exports reached $387.93 billion compared with $351.93 billion in the same period last year, while services imports stood at $186.98 billion. This resulted in a services trade surplus of $200.96 billion, higher than the $170.69 billion surplus recorded a year earlier.
Combining merchandise and services, India’s total exports during April-February 2025-26 stood at $790.86 billion while imports were estimated at $900.51 billion, leaving an overall trade deficit of $109.64 billion compared with $91.11 billion in the previous year.
Exports excluding petroleum during April-February 2025-26 stood at $354.12 billion compared with $337.17 billion a year earlier, while non-petroleum and non-gems and jewellery exports in February 2026 were recorded at $30.55 billion, up from $28.66 billion in February 2025.
Several export sectors posted notable growth in February 2026. Engineering goods exports rose 12.9% to $10.36 billion from $9.17 billion a year earlier, while electronic goods exports increased 10.37% to $4.18 billion from $3.79 billion.
Exports of organic and inorganic chemicals rose 6.85% to $2.38 billion, while gems and jewellery exports grew 4.08% to $2.64 billion. Meat, dairy and poultry products recorded one of the strongest increases, rising 22.66% to $0.55 billion from $0.45 billion in February 2025.
Other sectors registering export growth during the month included cereals, coffee, marine products, handicrafts, ceramic products, fruits and vegetables, drugs and pharmaceuticals and processed food items.
Among export destinations, China, Hong Kong, Vietnam, Togo and Sri Lanka recorded strong growth in export value in February 2026 compared with the same month a year earlier.
On the import side, the largest increases were recorded from China, Switzerland, the United Kingdom, the United States and Peru.
The data reflects steady growth in India’s external trade during the financial year, driven largely by services exports and expanding shipments in several manufacturing and agricultural sectors.
Read also : APEDA facilitates first export of GI-tagged Joha rice from Assam to the United Kingdom and Italy
