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%.

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 September 2026 2025 (US$ Billion) (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 Exports 80.75 72.76 (Merchandise +Services) 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 April-September 2026-27 2025-26 (US$ Billion) (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 Exports 476.20 418.31 (Merchandise Imports 551.13 476.42 +Services) * Trade -74.93 -58.10 Balance 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 2026-27Non-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 September 2025 (US$ 2026 Billion) (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 2026Non-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 April-September 2025-26 2026-27 (US$ Billion) (US$ Billion) Non- petroleum exports 218.70 189.26 Non- petroleum imports 323.70 284.08 Non-petroleum & Non Gems & Jewellery 203.41 175.06 exports Non-petroleum & Non Gems & Jewellery 292.88 244.67 imports

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-September 2026- 27SERVICES 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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