India's exports grow 14.66% in April-May 2026-27 to $162.69 billion

India's cumulative exports for April-May 2026-27 reached $162.69 billion, a 14.66% increase compared to $141.89 billion in the same period last year, according to the Ministry of Commerce & Industry. Merchandise exports grew by 16.09%, while services exports rose by 12.99% during this period.

Merchandise exports for April-May 2026-27 were valued at $88.91 billion, driven by sectors like petroleum products, engineering goods, and electronic goods. Petroleum product exports alone surged by 54.89% in May 2026 compared to May 2025. Services exports for the same period were estimated at $73.79 billion, contributing significantly to the overall growth.

Imports also saw a rise, with total imports for April-May 2026-27 estimated at $182.83 billion, marking a 14.38% increase. This resulted in a trade deficit of $20.13 billion for the period, up from $17.96 billion in April-May 2025-26.

Non-petroleum and non-gems & jewellery exports for April-May 2026-27 stood at $65.89 billion, reflecting a 11.39% growth. Key export destinations showing significant growth included Singapore, South Africa, and Tanzania.

The data highlights robust performance in India's trade sector, with notable contributions from both merchandise and services exports. However, the rising trade deficit underscores the need for balancing export-import dynamics.

Key Points

• India's exports for April-May 2026-27 grew 14.66% to $162.69 billion.
• Merchandise exports rose 16.09%, while services exports grew 12.99%.
• Petroleum product exports surged 54.89% in May 2026 compared to May 2025.
• Total imports for April-May 2026-27 increased 14.38% to $182.83 billion.
• Trade deficit for April-May 2026-27 widened to $20.13 billion.

FAQ

What was India's total export growth in April-May 2026-27?

India's total exports grew by 14.66% to $162.69 billion in April-May 2026-27.

Which sectors drove merchandise export growth in May 2026?

Key sectors included petroleum products, engineering goods, and electronic goods.

Source: Press Information Bureau (Govt. of India) press release, 15 JUN 2026. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2273044