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TaxTMI 
The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in April-July 2025-26, an estimated growth of 13.16%.
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....he cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in April-July 2025-26, an estimated growth of 13.16%.<BR>Customs, DGFT & SEZ<BR>Dated:- 13-8-2026<BR><BR>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, Or....
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....ganic & 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 India's total exports (Merchandise and....
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.... 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 ....
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....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 13....
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....1.15 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.....
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.... • 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 ....
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.... 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$ 19....
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....2.03 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$ 35.8....
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....9 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-Ju....
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....ly 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....
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.... & 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 vi....
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....s 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%). =============<BR> News - Press release - PIB....