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India's exports jump over 26 pc in August; trade gap shrinks to five-month low
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....ndia's exports jump over 26 pc in August; trade gap shrinks to five-month low<BR>Customs & Trade<BR>Dated:- 15-9-2026<BR>PTI<BR>New Delhi, Sep 15 (PTI) The country's merchandise exports surged 26.12 per cent to USD 43.81 billion in August, driven by a jump in electronics, engineering and petroleum product shipments, while a dip in gold imports helped narrow the trade deficit to a five-month low of....
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.... USD 26.86 billion. Imports rose by 14.1 per cent year-on-year to USD 70.76 billion in August due to growth in sectors such as crude oil, project goods, electronic items, silver, coal and coke. Gold imports dropped by 57.75 per cent to USD 2.3 billion during the month under review. Brent crude oil prices ranged between USD 90 and USD 94 per barrel during the last month. The growth ....
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....in exports in August was the highest since June 2022, when shipments had risen 30.12 per cent. Exports of electronics, engineering and petroleum products rose by 90 per cent, 25 per cent and 63.27 per cent, respectively. During April-August this fiscal, exports jumped 17.85 per cent year-on-year to USD 215.91 billion, and imports climbed 18.21 per cent to USD 363 billion. Merchandise t....
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....rade deficit during the first five months of this fiscal year widened to USD 147.09 billion as compared to USD 123.88 billion during April-August 2025-26. In August last year, the deficit was USD 27.22 billion. In July, it was USD 31.98 billion. The previous low level of trade gap was USD 20.67 billion in March. Commerce and Industry Minister Piyush Goyal said August numbers are robust. "T....
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....hese numbers reaffirm the growing strength and competitiveness of our manufacturing ecosystem, with our exporters expanding India's footprint across global markets," he said in a social media post. Briefing the media on the latest trade data, Commerce Secretary Rajesh Agarwal said the good momentum of export growth is continuing and is, rather, building up also. He said higher imports duri....
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....ng the first five months of 2026-27 are being propelled by strong domestic economic expansion, rising energy requirements and the critical inputs needed to sustain the rapid growth of the manufacturing sector. It has also pushed the trade deficit. The major drivers of the trade deficit have been energy items like petroleum, crude and coal, coke and briquettes, and electronic goods. On the ....
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....exports front, he said a mix of commodities helped push the growth, and that included engineering goods, petroleum products, chemicals and textiles. "At the same time, major demand has come from the US, EU, BRICS nations and emerging economies. So this also underscores India's expanding global footprint and improves our resilience, diversification and strategic trade integration objectives," h....
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....e said. In August, crude oil imports rose 37.28 per cent to about USD 16 billion. During April-August 2026-27, crude oil imports rose to USD 95.57 billion from USD 78.07 billion in the same period last year. Electronic goods imports also increased to USD 66.48 billion from USD 46.31 billion during April-August 2025-26. On the export front, petroleum products' shipment increased to USD 35.3....
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....1 billion during April-August 2026-27 from USD 25.32 billion in the same period last year. Electronics and project goods imports grew by 53.27 per cent to USD 13 billion, and by 377.71 per cent to USD 960.78 million, respectively, in August. Meanwhile, as per government estimates, services exports stood at USD 38.87 billion in August, and imports were at USD 21.42 billion. PTI RR HVA ....
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....=============<BR> News - Press release - PIB....