NewKerala.com

India's Exports Hit $860 Billion in FY26, Services Lead Growth

India's total exports for the fiscal year 2025-26 grew by 4.22% to reach $860.09 billion. While merchandise exports saw a modest 0.93% increase, services exports were a major driver with nearly 8% growth. Key merchandise export performers in March included petroleum products and engineering goods. The top export destinations showing positive growth for the full year were China, Spain, Hong Kong, Vietnam, and Sri Lanka.

Key Points: India's FY26 Exports Grow 4.22% to $860.09 Billion

  • Total exports reach $860.09B
  • Services exports grow 7.94%
  • Merchandise exports show modest 0.93% rise
  • Top destinations include China and Singapore
2 min read

India's total exports register 4.22 pc growth at $860.09 billion in FY26

India's total exports reached $860.09 billion in FY26, with services exports growing nearly 8%. Key drivers include petroleum, engineering goods, and trade with China.

"Services exports is estimated to grow by 7.94 per cent during FY 2025-26 - Commerce Ministry Data"

New Delhi, April 15

India's total exports registered an estimated growth of 4.22 per cent at $860.09 billion in FY26, compared to $825.26 billion in FY25.

The cumulative value of merchandise exports during FY26 was $441.78 billion, as compared to $437.70 billion during FY25, registering a positive growth of 0.93 per cent.

According to the Commerce Ministry data, the estimated value of service exports during FY26 stood at $418.31 billion, against $387.55 billion in previous fiscal.

Services exports is estimated to grow by 7.94 per cent during FY 2025-26 over FY 2024-25, the data showed.

For the month of March, merchandise exports were $38.92 billion compared to $42.05 billion in March 2025.

The estimated value of services export was $35.20 billion as compared to $35.63 billion in March 2025, the data showed.

Non-petroleum and non-gems and jewellery exports in FY26 stood at $359.67 billion, compared to $344.50 billion in FY25.

According to the data, major drivers of merchandise exports growth in March included petroleum products, engineering goods, mica, coal and other ores, minerals including processed minerals and other cereals and handicrafts.

Petroleum products exports increased by 5.88 per cent from $4.90 billion in March 2025 to $5.18 billion in March 2026.

Also, engineering goods exports increased by 1.13 per cent from $10.82 billion in March 2025 to $10.94 billion in March 2026.

Other cereals exports increased by 108.23 per cent -- from $0.03 billion in March 2025 to $0.06 billion in March 2026.

Top five export destinations, in terms of change in value, exhibiting positive growth in March 2026 were Singapore, Malaysia, China, Tanzania and Sri Lanka.

For the full fiscal (FY26), top five export destinations, in terms of change in value, exhibiting positive growth were China, Spain, Hong Kong, Vietnam and Sri Lanka, the data showed.

- IANS

Share this article:

Reader Comments

P
Priyanka N
Good to see non-petroleum and non-gems exports growing. It means our manufacturing and other core sectors are finding markets. The jump in exports to China and Vietnam is a very positive sign for regional trade.
R
Rahul R
The headline number looks good, but the merchandise export growth is less than 1%. That's a bit worrying. We need to boost our 'Make in India' goods more aggressively to compete globally, especially with cheaper products from other Asian countries.
S
Sarah B
Interesting to see Sri Lanka consistently in the top 5 for growth. Strengthening ties with our neighbors through trade is a smart long-term strategy for stability in the region.
V
Vikram M
Other cereals up by 108%! Even if the base is small, that's fantastic. Shows potential for our agricultural exports beyond the usual rice and wheat. More power to our farmers and food processors!
K
Karthik V
The March figures show a dip compared to last year. Hope this is just a monthly fluctuation and not a trend. We need consistent growth month-on-month to really become a $1 trillion exporter soon. The goal is in sight!

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50