India’s total exports, including merchandise and services, reached $860.09 billion in FY 2025-26, registering a growth of 4.22% over $825.26 billion in FY 2024-25, according to data released by the Ministry of Commerce and Industry on Wednesday, 15 April.
Total imports during FY 2025-26 stood at $979.40 billion, marking a growth of 6.47% compared to $919.92 billion in the previous financial year, taking the overall trade deficit to $119.30 billion from $94.66 billion.
Merchandise exports during FY 2025-26 were recorded at $441.78 billion as against $437.70 billion in FY 2024-25, registering a growth of 0.93%. Merchandise imports rose to $774.98 billion from $721.20 billion, resulting in a merchandise trade deficit of $333.19 billion.
Services exports stood at $418.31 billion in FY 2025-26 compared to $387.55 billion in FY 2024-25.
Services imports were recorded at $204.42 billion, leading to a services trade surplus of $213.89 billion.
For March 2026, total exports were estimated at $74.11 billion, registering a decline of 4.58% compared to March 2025. Imports during the month were estimated at $76.55 billion, reflecting a decline of 5.76%.
Merchandise exports in March 2026 were $38.92 billion compared to $42.05 billion in March 2025, while imports stood at $59.59 billion as against $63.74 billion.
Among key sectors, petroleum product exports increased by 5.88% to $5.18 billion in March 2026, while engineering goods exports rose by 1.13% to $10.94 billion.
Exports of mica, coal and other ores, including processed minerals, grew by 11.27%, while other cereals recorded a growth of 108.23%. Handicrafts exports increased by 8.51%.
Non-petroleum exports during FY 2025-26 were valued at $387.88 billion, registering a growth of 3.62% over $374.32 billion in FY 2024-25.
Non-petroleum and non-gems and jewellery exports stood at $359.67 billion.
Services exports are estimated to have grown by 7.94% during FY 2025-26 over the previous financial year.
In March 2026, export growth was led by destinations including Singapore, Malaysia, China, Tanzania and Sri Lanka, while imports saw increases from sources such as China, Thailand, Peru, Oman and the United States.
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