Ministry of Commerce & Industry
The cumulative exports (merchandise & services) during April-September 2026-27 are estimated at US$ 476.20 Billion, as compared to US$ 418.31 Billion in April-September 2025-26, an estimated growth of 13.84%.
The cumulative value of merchandise exports during April-September 2026-27 was US$ 259.89 Billion, as compared to US$ 219.30 Billion during April-September 2025-26, registering a positive growth of 18.51%.
The cumulative Non-Petroleum exports in April-September 2026-27 valued at US$ 218.70 Billion registered an increase of 15.56% as compared to US$ 189.26 Billion in April-September 2025-26.
Major drivers of merchandise export growth in September 2026 include Electronic Goods, Petroleum Products, Organic & Inorganic Chemicals, Engineering Goods, Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc.
Electronic Goods exports increased by 70.44% from US$ 3.11 Billion in September 2025 to US$ 5.31 Billion in September 2026.
Petroleum Products exports increased by 31.90% from US$ 4.71 Billion in September 2025 to US$ 6.22 Billion in September 2026.
Organic & Inorganic Chemicals exports increased by 24.21% from US$ 2.37 Billion in September 2025 to US$ 2.94 Billion in September 2026.
Engineering Goods exports increased by 20.91% from US$ 10.06 Billion in September 2025 to US$ 12.17 Billion in September 2026.
Cotton Yarn/Fabs./made-ups, Handloom Products exports increased by 20.76% from US$ 0.93 Billion in September 2025 to US$ 1.12 Billion in September 2026.
Posted On:
15 OCT 2026 5:16PM by PIB Delhi
India’s total exports (Merchandise and Services combined) for September 2026* are estimated at US$ 80.75 Billion, registering a positive growth of 10.99 percent vis-à-vis September 2025. Total imports (Merchandise and Services combined) for September 2026* are estimated at US$ 94.05 Billion, registering a growth of 8.19 percent vis-à-vis September 2025.
Table 1: Trade during September 2026*
|
|
|
September 2026
(US$ Billion)
|
September 2025
(US$ Billion)
|
|
Merchandise
|
Exports
|
44.40
|
36.08
|
|
Imports
|
74.61
|
69.08
|
|
Services*
|
Exports
|
36.35
|
36.67
|
|
Imports
|
19.44
|
17.84
|
|
Total Trade
(Merchandise +Services) *
|
Exports
|
80.75
|
72.76
|
|
Imports
|
94.05
|
86.93
|
|
Trade Balance
|
-13.30
|
-14.17
|
* Note: The latest data for services sector released by RBI is for August 2026. The data for September 2026 is an estimation. (ii) Data for April-September 2025-26 and April-June 2026-27 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Total Trade during September 2026*
India’s total exports during April-September 2026-27* are estimated at US$ 476.20 Billion registering a positive growth of 13.84 percent. Total imports during April-September 2026-27* are estimated at US$ 551.13 Billion registering a growth of 15.68 percent.
Table 2: Trade during April-September 2026-27*
|
|
|
April-September 2026-27
(US$ Billion)
|
April-September 2025-26
(US$ Billion)
|
|
Merchandise
|
Exports
|
259.89
|
219.30
|
|
Imports
|
437.53
|
376.17
|
|
Services*
|
Exports
|
216.31
|
199.02
|
|
Imports
|
113.60
|
100.24
|
|
Total Trade
(Merchandise +Services) *
|
Exports
|
476.20
|
418.31
|
|
Imports
|
551.13
|
476.42
|
|
Trade Balance
|
-74.93
|
-58.10
|
Fig 2: Total Trade during April-September 2026-27*
MERCHANDISE TRADE
- Merchandise exports during September 2026 were US$ 44.40 Billion as compared to US$ 36.08 Billion in September 2025.
- Merchandise imports during September 2026 were US$ 74.61 Billion as compared to US$ 69.08 Billion in September 2025.
Fig 3: Merchandise Trade during September 2026
- Merchandise exports during April-September 2026-27 were US$ 259.89 Billion as compared to US$ 219.30 Billion during April-September 2025-26.
- Merchandise imports during April-September 2026-27 were US$ 437.53 Billion as compared to US$ 376.17 Billion during April-September 2025-26.
- Merchandise trade deficit during April-September 2026-27 was US$ 177.64 Billion as compared to US$ 156.88 Billion during April-September 2025-26.
Fig 4: Merchandise Trade during April-September 2026-27
- Non-petroleum and non-gems & jewellery exports in September 2026 were US$ 34.81 Billion compared to US$ 28.53 Billion in September 2025.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in September 2026 were US$ 51.64 Billion compared to US$ 42.33 Billion in September 2025.
Table 3: Trade excluding Petroleum and Gems & Jewellery during September 2026
|
|
September 2026
(US$ Billion)
|
September 2025 (US$ Billion)
|
|
Non- petroleum exports
|
38.18
|
31.37
|
|
Non- petroleum imports
|
56.27
|
55.05
|
|
Non-petroleum & Non-Gems & Jewellery exports
|
34.81
|
28.53
|
|
Non-petroleum & Non-Gems & Jewellery imports
|
51.64
|
42.33
|
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during September 2026
- Non-petroleum and non-gems & jewellery exports in April-September 2026-27 were US$ 203.41 Billion, compared to US$ 175.06 Billion in April-September 2025-26.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-September 2026-27 were US$ 292.88 Billion, compared to US$ 244.67 Billion in April-September 2025-26.
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-September 2026-27
|
|
April-September 2026-27
(US$ Billion)
|
April-September 2025-26
(US$ Billion)
|
|
Non- petroleum exports
|
218.70
|
189.26
|
|
Non- petroleum imports
|
323.70
|
284.08
|
|
Non-petroleum & Non Gems & Jewellery exports
|
203.41
|
175.06
|
|
Non-petroleum & Non Gems & Jewellery imports
|
292.88
|
244.67
|
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-September 2026-27
SERVICES TRADE
- The estimated value of services export for September 2026* is US$ 36.35 Billion as compared to US$ 36.67 Billion in September 2025.
- The estimated value of services imports for September 2026* is US$ 19.44 Billion as compared to US$ 17.84 Billion in September 2025.
Fig 7: Services Trade during September 2026*
- The estimated value of service exports during April-September 2026-27* is US$ 216.31 Billion as compared to US$ 199.02 Billion in April-September 2025-26.
- The estimated value of service imports during April-September 2026-27* is US$ 113.60 Billion as compared to US$ 100.24 Billion in April-September 2025-26.
- The services trade surplus for April-September 2026-27* is US$ 102.71 Billion as compared to US$ 98.77 Billion in April-September 2025-26.
Fig 8: Services Trade during April-September 2026-27*
- Exports of Electronic Goods (70.44%), Other Cereals (49.88%), Handicrafts Excl. Hand Made Carpet (43.19%), Meat, Dairy & Poultry Products (35.18%), Petroleum Products (31.9%), Plastic & Linoleum (24.81%), Organic & Inorganic Chemicals (24.21%), Engineering Goods (20.91%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (20.76%), Carpet (19.81%), Gems & Jewellery (18.95%), Cereal Preparations & Miscellaneous Processed Items (16.49%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (16.13%), Rmg Of All Textiles (13.68%), Man-Made Yarn/Fabs./Made-Ups Etc. (11.23%), Coffee (10.17%), Marine Products (8.79%), Oil Seeds (5.1%), Leather & Leather Products (4.79%), Drugs & Pharmaceuticals (4.68%), Rice (4.21%), and Spices (4.01%) recorded positive growth during September 2026 over the corresponding month of last year.
- Imports of Project Goods (-86.85%), Gold (-81.27%), Silver (-49.11%), Fertilisers, Crude & Manufactured (-22.18%), Newsprint (-9.1%), Iron & Steel (-5.33%), Wood & Wood Products (-3.41%), and Medcnl. & Pharmaceutical Products (-0.19%) recorded negative growth during September 2026 over the corresponding month of last year.
- Services exports are estimated to grow by 8.69 percent during April-September 2026-27* over April-September 2025-26.
- Top 5 export destinations, in terms of change in value, exhibiting positive growth in September 2026 vis a vis September 2025 are U S A (47.99%), Singapore (169.16%), Malaysia (119.69%), Egypt A Rp (90.09%), and China P Rp (24.05%).
- Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-September 2026-27 vis a vis April-September 2025-26 are Singapore (103.05%), U S A (11.11%), China P Rp (36.07%), Tanzania Rep (122.51%), and Malaysia (82.85%).
- Top 5 import sources, in terms of change in value, exhibiting growth in September 2026 vis a vis September 2025 are China P Rp (31.52%), Oman (331.82%), Russia (25.63%), Korea Rp (52.93%), and Singapore (36.44%)
- Top 5 import sources, in terms of change in value, exhibiting growth in April-September 2026-27 vis a vis April-September 2025-26 are China P Rp (27.82%), Russia (51.97%), Oman (210.9%), U S A (25.98%), and Brazil (143.13%).
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Abhishek Dayal
(Release ID: 2323944)
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