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India’s Cumulative Exports Rise 13.16% to $316.42 Billion in April-July

By Sanjay Tuteja
  • The cumulative value of merchandise exports during April-July 2026-27 was US$ 173.78 Billion, as compared to US$ 148.48 Billion during April-July 2025-26, registering a positive growth of 17.04%
  • The cumulative Non-Petroleum exports in April-July 2026-27 valued at US$ 143.61 Billion registered an increase of 12.79% as compared to US$ 127.32 Billion in April-July 2025-26
  • Major drivers of merchandise exports growth in July 2026 include Petroleum Products, Electronic Goods, Engineering Goods, Organic & Inorganic Chemicals, and Cotton Yarn/Fabs./made-ups, Handloom Products etc
  • Petroleum Products exports increased by 67.64% from US$ 4.13 Billion in July 2025 to US$ 6.92 Billion in July 2026
  • Electronic Goods exports increased by 57.40% from US$ 3.76 Billion in July 2025 to US$ 5.92 Billion in July 2026
  • Engineering Goods exports increased by 17.71% from US$ 10.40 Billion in July 2025 to US$ 12.24 Billion in July 2026
  • Organic & Inorganic Chemicals exports increased by 14.39% from US$ 2.45 Billion in July 2025 to US$ 2.80 Billion in July 2026
  • Cotton Yarn/Fabs./made-ups, Handloom Products exports increased by 8.40% from US$ 1.02 Billion in July 2025 to US$ 1.11 Billion in July 2026

New Delhi. : India’s total exports (Merchandise and Services combined) for July 2026* is estimated at US$ 80.14 Billion, registering a positive growth of 13.31 percent vis-à-vis July 2025. Total imports (Merchandise and Services combined) for July 2026* is estimated at US$ 95.16 Billion, registering a positive growth of 15.83 percent vis-à-vis July 2025.

Table 1: Trade during July 2026*

July 2026

(US$ Billion)

 July 2025

(US$ Billion)
Merchandise Exports 44.24 36.98
Imports 76.22 64.86
Services* Exports 35.89 33.74
Imports 18.94 17.30
Total Trade

(Merchandise +Services) *

 Exports 80.14 70.72
Imports 95.16 82.16
Trade Balance -15.03 -11.43

* Note: The latest data for services sector released by RBI is for June 2026. The data for July 2026 is an estimation. (ii) Data for April-July 2025-26 has been revised on pro-rata basis using quarterly balance of payments data.

Fig 1: Total Trade during July 2026*

India’s total exports during April-July 2026-27* is estimated at US$ 316.42 Billion registering a positive growth of 13.16 percent. Total imports during April-July 2026-27* is estimated at US$ 365.85 Billion registering a growth of 17.28 percent.

Table 2: Trade during April-July 2026-27*

April-July 2026-27

(US$ Billion)

 April-July 2025-26

(US$ Billion)
Merchandise Exports 173.78 148.48
Imports 292.38 245.14
Services* Exports 142.64 131.15
Imports 73.47 66.81
Total Trade

(Merchandise +Services) *

 Exports 316.42 279.63
Imports 365.85 311.94
Trade Balance -49.43 -32.32

Fig 2: Total Trade during April-July 2026-27* 

        

MERCHANDISE TRADE

  • Merchandise exports during July 2026 were US$ 44.24 Billion as compared to US$ 36.98 Billion in July 2025.
  • Merchandise imports during July 2026 were US$ 76.22 Billion as compared to US$ 64.86 Billion in July 2025.

Fig 3: Merchandise Trade during July 2026

  • Merchandise exports during April-July 2026-27 were US$ 173.78 Billion as compared to US$ 148.48 Billion during April-July 2025-26.
  • Merchandise imports during April-July 2026-27 were US$ 292.38 Billion as compared to US$ 245.14 Billion during April-July 2025-26.
  • Merchandise trade deficit during April-July 2026-27 was US$ 118.60 Billion as compared to US$ 96.66 Billion during April-July 2025-26.

Fig 4: Merchandise Trade during April-July 2026-27

  • Non-petroleum and non-gems & jewellery exports in July 2026 were US$ 35.00 Billion compared to US$ 30.47 Billion in July 2025.
  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in July 2026 were US$ 51.82 Billion compared to US$ 43.07 Billion in July 2025.

Table 3: Trade excluding Petroleum and Gems & Jewellery during July 2026

July 2026

(US$ Billion)

 July 2025 (US$ Billion)
Non- petroleum exports 37.32 32.86
Non- petroleum imports 57.91 49.30
Non-petroleum & Non-Gems & Jewellery exports 35.00 30.47
Non-petroleum & Non-Gems & Jewellery imports 51.82 43.07

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 5: Trade excluding Petroleum and Gems & Jewellery during July 2026

  • Non-petroleum and non-gems & jewellery exports in April-July 2026-27 were US$ 134.02 Billion, compared to US$ 118.27 Billion in April-July 2025-26.
  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-July 2026-27 were US$ 192.03 Billion, compared to US$ 160.95 Billion in April-July 2025-26.

Table 4: Trade excluding Petroleum and Gems & Jewellery during April-July 2026-27

April-July 2026-27

(US$ Billion)

 April-July 2025-26

(US$ Billion)
Non- petroleum exports 143.61 127.32
Non- petroleum imports 213.46 180.33
Non-petroleum & Non Gems & Jewellery exports 134.02 118.27
Non-petroleum & Non Gems & Jewellery imports 192.03 160.95

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-July 2026-27

SERVICES TRADE

  • The estimated value of services export for July 2026* is US$ 35.89 Billion as compared to US$ 33.74 Billion in July 2025.
  • The estimated value of services imports for July 2026* is US$ 18.94 Billion as compared to US$ 17.30 Billion in July 2025.

Fig 7: Services Trade during July 2026*

  • The estimated value of service exports during April-July 2026-27* is US$ 142.64 Billion as compared to US$ 131.15 Billion in April-July 2025-26.
  • The estimated value of service imports during April-July 2026-27* is US$ 73.47 Billion as compared to US$ 66.81 Billion in April-July 2025-26.
  • The services trade surplus for April-July 2026-27* is US$ 69.17 Billion as compared to US$ 64.35 Billion in April-July 2025-26.

Fig 8: Services Trade during April-July 2026-27*

  • Exports of  Iron Ore (78.35%), Petroleum Products (67.64%), Electronic Goods (57.4%), Meat, Dairy & Poultry Products (40.84%), Cashew (25.11%), Marine Products (17.83%), Engineering Goods (17.71%), Handicrafts Excl. Hand Made Carpet (15.55%), Organic & Inorganic Chemicals (14.39%), Plastic & Linoleum (11.01%), Cereal Preparations & Miscellaneous Processed Items (9.51%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (8.4%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (5.79%), Drugs & Pharmaceuticals (0.74%), and Man-Made Yarn/Fabs./Made-Ups Etc. (0.45%) recorded positive growth during July 2026 over the corresponding month of last year.
  • Imports of Silver (-66.1%), Sulphur & Unroasted Iron Pyrts (-47%), Newsprint (-26.31%), Pulp And Waste Paper (-22.61%), Medcnl. & Pharmaceutical Products (-3.96%), Wood &  Wood Products (-2.1%), and Iron & Steel (-1.84%) recorded negative growth during July 2026 over the corresponding month of last year.
  • Services exports is estimated to grow by 6.38 percent during April-July 2026-27* over April-July 2025-26.
  • Top 5 export destinations, in terms of change in value, exhibiting positive growth in July 2026 vis a vis July 2025 are U S A (12.85%), China P Rp (64.57%), Singapore (83.7%), Kenya (151.41%), and Malaysia (73.03%).
  • Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-July 2026-27 vis a vis April-July 2025-26 are Singapore (97.11%), China P Rp (35.97%), Tanzania Rep (131.2%), South Africa (69.75%), and Sri Lanka Dsr (111.76%).
  • Top 5 import sources, in terms of change in value, exhibiting growth in July 2026 vis a vis July 2025 are Russia (83.85%), China P Rp (34.42%), Oman (150.36%), Taiwan (111.3%), and U S A (18.11%)
  • Top 5 import sources, in terms of change in value, exhibiting growth in April-July 2026-27 vis a vis April-July 2025-26 are Russia (59.65%), China P Rp (29.68%), Oman (200.68%), U S A (22.42%), and Brazil (166.84%).

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Sanjay Tuteja
Sanjay Tuteja

**Sanjay Tuteja** is a **Senior Journalist, Editor, Author, and Theatre Director** with nearly **40 years of experience** in journalism, education, and the performing arts. Throughout his distinguished career, he has reported on education, public policy, social issues, culture, governance, and current affairs, earning recognition for his accurate, insightful, and impactful reporting. He served as **Principal Reporter at Rashtriya Sahara**, one of India's leading Hindi daily newspapers, and has contributed as a freelance journalist to several reputed newspapers, magazines, and digital news platforms. Over the years, he has written hundreds of **news reports, investigative stories, feature articles, opinion pieces, interviews, and editorials**, covering a wide range of national and educational issues. Sanjay Tuteja is the **Founder of Udaan – The Center of Theatre Art & Child Development**, a non-profit organization dedicated to promoting theatre, creativity, child development, and life skills through the performing arts. Under his leadership, the organization has **trained more than one lakh students** through theatre workshops, educational programmes, and personality development initiatives conducted across schools and institutions. A **renowned theatre artist, director, playwright, and creative writer**, he has authored numerous **plays, stories, scripts, feature articles, and educational content**. His work combines journalism with social awareness, education, and cultural development, making him a respected voice in both the media and theatre communities. As an author at **Business Dunia** and **EduAdvice**, Sanjay Tuteja specializes in **education news, higher education, school education, government policies, career guidance, skill development, social issues, culture, and public affairs**. His reporting is guided by a commitment to factual accuracy, ethical journalism, and public interest.

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