India's merchandise exports reached $309.06 billion during April-October 2026-27, registering a growth of 21.96% compared with the corresponding period of the previous financial year.
According to trade figures released by the Ministry of Commerce and Industry on November 13, merchandise exports recorded a significant increase during the first seven months of the current financial year.
Editorial Insight
Key Highlights
Important points readers should notice.
Merchandise exports reached $309.06 billion during April-October 2026-27.
Cumulative export growth stood at 21.96%.
October merchandise exports reached a record $49.47 billion.
Petroleum products exports grew by 140.21%.
Electronic goods exports increased by 62.70%.
Engineering goods exports reached $12.74 billion.
In October 2026, India's merchandise exports reached a record $49.47 billion, compared with $34.11 billion in October 2025, representing year-on-year growth of approximately 45%.
Several major sectors contributed to the cumulative export performance during April-October 2026-27.
Petroleum products exports increased by 140.21% to $8.89 billion, while electronic goods exports rose by 62.70% to $6.64 billion compared with the corresponding period of the previous financial year.
Editorial Analysis
Why This Matters
Merchandise export growth is an important indicator of India's international trade performance, manufacturing activity and access to global markets. Growth across sectors such as petroleum products, electronics, engineering goods and chemicals reflects the contribution of different industries to the country's export earnings.
Gems and jewellery exports registered growth of 40.06%, reaching $3.21 billion. Organic and inorganic chemicals exports increased by 36.20% to $2.89 billion.
Engineering goods exports also recorded growth of 36.01%, reaching $12.74 billion during the seven-month period.
India's export performance extended to several international markets. During April-September 2026-27, exports to Singapore increased by 103.05%, while exports to Malaysia grew by 82.85% compared with the corresponding period of the previous financial year.
The country's overall exports, combining merchandise and services, were estimated at $89.99 billion in October 2026. The overall trade deficit stood at $20.09 billion during the month, while the merchandise trade deficit widened to $39.88 billion.
The latest figures highlight the growth in India's merchandise exports across several major product categories and international markets during the first seven months of FY 2026-27.
