India’s total exports of merchandise and services during April-June 2026-27 are estimated at $232.73 billion, up 11.37% from $208.98 billion in the same period last year.
According to a statement by the Ministry of Commerce and Industry on Monday, 13 July, total imports during the quarter are estimated at $270.15 billion, compared with $229.82 billion in April-June 2025-26.
With imports growing faster than exports, the overall trade deficit widened to $37.42 billion in April-June 2026-27 from $20.85 billion a year earlier.
Merchandise exports during the quarter stood at $129.32 billion, compared with $111.57 billion in the corresponding period last year, registering growth of 15.92%.
Merchandise imports rose to $216.18 billion from $180.31 billion during the same period.
The merchandise trade deficit widened to $86.86 billion in April-June 2026-27 from $68.75 billion in April-June 2025-26.
Services exports during April-June are estimated at $103.41 billion, compared with $97.41 billion last year.
Services imports are estimated at $53.97 billion, against $49.51 billion in the year-ago period.
The services trade surplus stood at $49.43 billion during April-June, compared with $47.90 billion in the same period last year.
For June 2026 alone, India’s total exports of goods and services are estimated at $73.45 billion, up 9.48% from $67.09 billion in June 2025.
Total imports in June are estimated at $88.76 billion, up 26.85% from $69.98 billion a year earlier.
The overall trade deficit for June widened to $15.32 billion from $2.89 billion in June 2025.
Merchandise exports in June rose to $40.41 billion from $34.98 billion in the same month last year.
Merchandise imports increased to $70.84 billion from $54.08 billion.
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The ministry said major drivers of merchandise export growth in June included gems and jewellery, engineering goods, organic and inorganic chemicals, electronic goods and rice.
Gems and jewellery exports increased 34.64% to $2.41 billion in June 2026 from $1.79 billion in June 2025.
Engineering goods exports rose 20.74% to $11.48 billion from $9.51 billion.
Organic and inorganic chemicals exports increased 19.42% to $2.77 billion from $2.32 billion.
Electronic goods exports rose 18.93% to $4.93 billion from $4.14 billion.
Rice exports increased 16.48% to $1.00 billion from $0.86 billion.
Non-petroleum exports during April-June 2026-27 stood at $106.30 billion, compared with $94.54 billion a year earlier, registering growth of 12.44%.
Non-petroleum and non-gems and jewellery exports during the quarter stood at $99.04 billion, compared with $87.88 billion in April-June 2025-26.
In June, non-petroleum and non-gems and jewellery exports stood at $33.13 billion, compared with $28.73 billion a year earlier.
Services exports for June are estimated at $33.03 billion, compared with $32.11 billion in June 2025.
Services imports for June are estimated at $17.92 billion, against $15.90 billion a year earlier.
The ministry noted that the latest services data released by the Reserve Bank of India is for May 2026, and the services data for June 2026 is an estimate.
Several export categories recorded positive growth in June over the corresponding month last year.
These included other cereals, handicrafts excluding handmade carpets, meat, dairy and poultry products, iron ore, gems and jewellery, plastic and linoleum, engineering goods, tobacco, organic and inorganic chemicals, electronic goods, rice, marine products, petroleum products, drugs and pharmaceuticals, and fruits and vegetables.
Among export destinations, South Africa, Singapore, China, Oman and Malaysia showed positive growth in June in terms of change in value.
For April-June 2026-27, Singapore, Tanzania, South Africa, Sri Lanka and China were among the top export destinations showing positive growth in value terms.
On the import side, Russia, China, the United States, the UAE and Taiwan were among the top sources showing growth in June in terms of change in value.
For the April-June quarter, Russia, China, Oman, the United States and Brazil were among the top import sources showing growth in value terms.
The data shows that India’s exports grew across goods and services in the first quarter of 2026-27, but a sharper rise in imports led to a wider trade deficit.
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