The cumulative value of merchandise exports during April-June 2026-27 was US$ 129.32 Billion, as compared to US$ 111.57 Billion during April-June 2025-26, registering a positive growth of 15.92%.

The cumulative Non-Petroleum exports in April-June 2026-27 valued at US$ 106.30 Billion registered an increase of 12.44% as compared to US$ 94.54 Billion in April-June 2025-26.

Major drivers of merchandise exports growth in June 2026 include Gems & Jewellery, Engineering Goods, Organic & Inorganic Chemicals, Electronic Goods, and Rice

Gems & Jewellery exports increased by 34.64% from US$ 1.79 Billion in June 2025 to US$ 2.41 Billion in June 2026.

Engineering Goods exports increased by 20.74% from US$ 9.51 Billion in June 2025 to US$ 11.48 Billion in June 2026.

Organic & Inorganic Chemicals exports increased by 19.42% from US$ 2.32 Billion in June 2025 to US$ 2.77 Billion in June 2026.

Electronic Goods exports increased by 18.93% from US$ 4.14 Billion in June 2025 to US$ 4.93 Billion in June 2026.

Rice exports increased by 16.48% from US$ 0.86 Billion in June 2025 to US$ 1.00 Billion in June 2026.

India’s total exports (Merchandise and Services combined) for June 2026* is estimated at US$ 73.45 Billion, registering a positive growth of 9.48 percent vis-à-vis June 2025. Total imports (Merchandise and Services combined) for June 2026* is estimated at US$ 88.76 Billion, registering a positive growth of 26.85 percent vis-à-vis June 2025.

Table 1: Trade during June 2026*

		June 2026 (US$ Billion)	June 2025 (US$ Billion)
Merchandise	Exports	40.41	34.98
	Imports	70.84	54.08
Services*	Exports	33.03	32.11
	Imports	17.92	15.90
Total Trade (Merchandise +Services) *	Exports	73.45	67.09
	Imports	88.76	69.98
	Trade Balance	-15.32	-2.89

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

Fig 1: Total Trade during June 2026*

India’s total exports during April-June 2026-27* is estimated at US$ 232.73 Billion registering a positive growth of 11.37 percent. Total imports during April-June 2026-27* is estimated at US$ 270.15 Billion registering a growth of 17.55 percent.

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

		April-June 2026-27 (US$ Billion)	April-June 2025-26 (US$ Billion)
Merchandise	Exports	129.32	111.57
	Imports	216.18	180.31
Services*	Exports	103.41	97.41
	Imports	53.97	49.51
Total Trade (Merchandise +Services) *	Exports	232.73	208.98
	Imports	270.15	229.82
	Trade Balance	-37.42	-20.85

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

        

MERCHANDISE TRADE

• Merchandise exports during June 2026 were US$ 40.41 Billion as compared to US$ 34.98 Billion in June 2025.

• Merchandise imports during June 2026 were US$ 70.84 Billion as compared to US$ 54.08 Billion in June 2025.

Fig 3: Merchandise Trade during June 2026

• Merchandise exports during April-June 2026-27 were US$ 129.32 Billion as compared to US$ 111.57 Billion during April-June 2025-26.

• Merchandise imports during April-June 2026-27 were US$ 216.18 Billion as compared to US$ 180.31 Billion during April-June 2025-26.

• Merchandise trade deficit during April-June 2026-27 was US$ 86.86Billion as compared to US$ 68.75Billion during April-June 2025-26.

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

• Non-petroleum and non-gems & jewellery exports in June 2026 were US$ 33.13 Billion compared to US$ 28.73 Billion in June 2025.

• Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in June 2026 were US$ 48.25 Billion compared to US$ 36.73 Billion in June 2025.

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

	June 2026 (US$ Billion)	June 2025 (US$ Billion)
Non- petroleum exports	35.54	30.51
Non- petroleum imports	51.52	40.28
Non-petroleum & Non-Gems & Jewellery exports	33.13	28.73
Non-petroleum & Non-Gems & Jewellery imports	48.25	36.73

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

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

 

• Non-petroleum and non-gems & jewellery exports in April-June 2026-27 were US$ 99.04 Billion, compared to US$ 87.88 Billion in April-June 2025-26.

• Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-June 2026-27 were US$ 140.22 Billion, compared to US$ 117.92 Billion in April-June 2025-26.

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

	April-June 2026-27 (US$ Billion)	April-June 2025-26 (US$ Billion)
Non- petroleum exports	106.30	94.54
Non- petroleum imports	155.56	131.07
Non-petroleum & Non Gems & Jewellery exports	99.04	87.88
Non-petroleum & Non Gems & Jewellery imports	140.22	117.92

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

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

SERVICES TRADE

• The estimated value of services export for June 2026* is US$ 33.03 Billion as compared to US$ 32.11 Billion in June 2025.
• The estimated value of services imports for June 2026* is US$ 17.92 Billion as compared to US$ 15.90 Billion in June 2025.

Fig 7: Services Trade during June 2026*

 

• The estimated value of service exports during April-June 2026-27* is US$ 103.41 Billion as compared to US$ 97.41 Billion in April-June 2025-26.
• The estimated value of service imports during April-June 2026-27* is US$ 53.97 Billion as compared to US$ 49.51 Billion in April-June 2025-26.
• The services trade surplus for April-June 2026-27* is US$ 49.43 Billion as compared to US$ 47.90 Billion in April-June 2025-26.

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

• Exports of  Other Cereals  (244.29%), Handicrafts Excl. Hand Made Carpet (59.69%), Meat, Dairy & Poultry Products (54.63%), Iron Ore (49.97%), Gems & Jewellery (34.64%), Plastic & Linoleum (21.24%), Engineering Goods (20.74%), Tobacco (19.8%), Organic & Inorganic Chemicals (19.42%), Electronic Goods (18.93%), Rice (16.48%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (15.29%), Marine Products (14.48%), Petroleum Products (9.19%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (8.82%), Drugs & Pharmaceuticals (7.13%), Cereal Preparations & Miscellaneous Processed Items (6.52%), Man-Made Yarn/Fabs./Made-Ups Etc. (2.83%), and Fruits & Vegetables (1.31%) recorded positive growth during June 2026 over the corresponding month of last year.
• Imports of Project Goods (-85.44%), Silver (-73.62%), Pearls, Precious & Semi-Precious Stones (-16.83%), Chemical Material & Products (-12.13%), and Vegetable Oil (-2.58%) recorded negative growth during June 2026 over the corresponding month of last year.
• Services exports is estimated to grow by 6.16 percent during April-June 2026-27* over April-June 2025-26.
• Top 5 export destinations, in terms of change in value, exhibiting positive growth in June 2026 vis a vis June 2025 are South Africa (114.04%), Singapore (48.91%), China P Rp (31.49%), Oman (189.6%), and Malaysia (99.18%).
• Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-June 2026-27 vis a vis April-June 2025-26 are Singapore (101.16%), Tanzania Rep (146.89%), South Africa (76.49%), Sri Lanka Dsr (124.63%), and China P Rp (27.54%).
• Top 5 import sources, in terms of change in value, exhibiting growth in June 2026 vis a vis June 2025 are Russia (85.02%), China P Rp (40.26%), U S A (33.86%), U Arab Emts (24.62%), and Taiwan (135.03%)
• Top 5 import sources, in terms of change in value, exhibiting growth in April-June 2026-27 vis a vis April-June 2025-26 are Russia (52.68%), China P Rp (27.94%), Oman (221.81%), U S A (23.82%), and Brazil (174.69%).

***

• Link for Quick Estimtes

• Link for Exim Summary :  (i) Export (ii) Import (iii) Country wise – Export (iv) Country wise – Import

Foreign trade growth data shows rising exports, higher imports, and a wider trade deficit across merchandise and services segments. Combined merchandise and services trade data for June 2026 and April-June 2026-27 records export growth together with stronger import growth and a wider trade deficit. Merchandise exports, non-petroleum exports, and trade excluding petroleum and gems and jewellery all show increases, while services exports and imports are also estimated to have risen. Major merchandise export growth drivers identified for June 2026 include gems and jewellery, engineering goods, organic and inorganic chemicals, electronic goods, and rice. The services figures for June 2026 are expressly stated to be estimates based on the latest available central bank data.