The cumulative exports (merchandise & services) during April-October 2026-27 are estimated at US$ 568.84 Billion, as compared to US$ 487.59 Billion in April-October 2025-26, an estimated growth of 16.66%.
प्रविष्टि तिथि: 13 NOV 2026 5:13PM by PIB Delhi
India’s total exports (Merchandise and Services combined) for October 2026* are estimated at US$ 89.99 Billion, registering a positive growth of 29.90 percent vis-à-vis October 2025. Total imports (Merchandise and Services combined) for October 2026* are estimated at US$ 110.07 Billion, registering a positive growth of 16.58 percent vis-à-vis October 2025.
Table 1: Trade during October 2026*
|
October 2026 (US$ Billion) |
October 2025 (US$ Billion) |
||
|
Merchandise |
Exports |
49.47 |
34.11 |
|
Imports |
89.35 |
76.69 |
|
|
Services* |
Exports |
40.51 |
35.17 |
|
Imports |
20.72 |
17.73 |
|
|
Total Trade (Merchandise +Services) * |
Exports |
89.99 |
69.27 |
|
Imports |
110.07 |
94.42 |
|
|
Trade Balance |
20.09 |
25.15 |
* Note: The latest data for services sector released by RBI is for September 2026. The data for October 2026 is an estimation. (ii) Data for April-October 2025-26 and April-June 2026-27 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Total Trade during October 2026*
India’s total exports during April-October 2026-27* are estimated at US$ 568.84 Billion registering a positive growth of 16.66 percent. Total imports during April-October 2026-27* are estimated at US$ 662.19 Billion registering a growth of 16.00 percent.
Table 2: Trade during April-October 2026-27*
|
April-October 2026-27 (US$ Billion) |
April-October 2025-26 (US$ Billion) |
||
|
Merchandise |
Exports |
309.06 |
253.40 |
|
Imports |
527.21 |
452.86 |
|
|
Services* |
Exports |
259.78 |
234.18 |
|
Imports |
134.98 |
117.98 |
|
|
Total Trade (Merchandise +Services) * |
Exports |
568.84 |
487.59 |
|
Imports |
662.19 |
570.84 |
|
|
Trade Balance |
-93.35 |
-83.25 |
Fig 2: Total Trade during April-October 2026-27*
MERCHANDISE TRADE
- Merchandise exports during October 2026 were US$ 49.47 Billion as compared to US$ 34.11 Billion in October 2025.
- Merchandise imports during October 2026 were US$ 89.35 Billion as compared to US$ 76.69 Billion in October 2025.
Fig 3: Merchandise Trade during October 2026
- Merchandise exports during April-October 2026-27 were US$ 309.06 Billion as compared to US$ 253.40 Billion during April-October 2025-26.
- Merchandise imports during April-October 2026-27 were US$ 527.21 Billion as compared to US$ 452.86 Billion during April-October 2025-26.
- Merchandise trade deficit during April-October 2026-27 was US$ 218.15 Billion as compared to US$ 199.46 Billion during April-October 2025-26.
Fig 4: Merchandise Trade during April-October 2026-27
- Non-petroleum and non-gems & jewellery exports in October 2026 were US$ 37.38 Billion compared to US$ 28.11 Billion in October 2025.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in October 2026 were US$ 57.35 Billion compared to US$ 43.42 Billion in October 2025.
Table 3: Trade excluding Petroleum and Gems & Jewellery during October 2026
October 2026(US$ Billion) |
October 2025 (US$ Billion) |
|
|
Non- petroleum exports |
40.58 |
30.40 |
|
Non- petroleum imports |
66.53 |
61.90 |
|
Non-petroleum & Non-Gems & Jewellery exports |
37.38 |
28.11 |
|
Non-petroleum & Non-Gems & Jewellery imports |
57.37 |
43.42 |
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during October 2026
- Non-petroleum and non-gems & jewellery exports in April-October 2026-27 were US$ 240.73 Billion, compared to US$ 203.17 Billion in April-October 2025-26.
- Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-October 2026-27 were US$ 350.58 Billion, compared to US$ 288.09 Billion in April-October 2025-26.
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-October2026-27
April-October2026-27(US$ Billion) |
April-October2025-26 (US$ Billion) |
|
|
Non- petroleum exports |
259.22 |
219.66 |
|
Non- petroleum imports |
390.56 |
345.98 |
|
Non-petroleum & Non Gems & Jewellery exports |
240.73 |
203.17 |
|
Non-petroleum & Non Gems & Jewellery imports |
350.58 |
288.09 |
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-October 2026-27
SERVICES TRADE
- The estimated value of services export for October 2026* is US$ 40.51 Billion as compared to US$ 35.17 Billion in October2025.
- The estimated value of services imports for October 2026* is US$ 20.72 Billion as compared to US$ 17.73 Billion in October2025.
Fig 7: Services Trade during October 2026*
- The estimated value of service exports during April-October 2026-27* is US$ 259.78 Billion as compared to US$ 234.18 Billion in April-October 2025-26.
- The estimated value of service imports during April-October 2026-27* is US$ 134.98 Billion as compared to US$ 117.98 Billion in April-October 2025-26.
- The services trade surplus for April-October 2026-27* is US$ 124.80 Billion as compared to US$ 116.21 Billion in April-October 2025-26.
Fig 8: Services Trade during April-October2026-27*
- Exports of Petroleum Products (140.21%), Other Cereals (87.47%), Oil Meals (85.55%), Electronic Goods (62.7%), Handicrafts Excl. Hand Made Carpet (55.22%), Gems & Jewellery (40.06%), Cereal Preparations & Miscellaneous Processed Items (37.4%), Plastic & Linoleum (36.28%), Organic & Inorganic Chemicals (36.2%), Engineering Goods (36.01%), Meat, Dairy & Poultry Products (34.87%), Jute Mfg. Including Floor Covering (30.59%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (29.96%), Man-Made Yarn/Fabs./Made-Ups Etc. (23.89%), Tea (23.04%), Carpet (20.64%), Rmg Of All Textiles (20.33%), Rice (18.39%), Marine Products (13.76%), Leather & Leather Products (12.73%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (12.29%), Drugs & Pharmaceuticals (10.55%), Spices (9.11%), Coffee (8.51%), Ceramic Products & Glassware (4.88%),and Fruits & Vegetables (1.84%) recorded positive growth during October 2026 over the corresponding month of last year.
- Imports of Cashew (-53.33%), Iron Ore (-51.81%), Tobacco (-18.01%), and Oil Seeds (-3.14%) recorded negative growth during October 2026 over the corresponding month of last year.
- Services exports are estimated to grow by 10.93 percent during April-October 2026-27* over April-October 2025-26.
- Top 5 export destinations, in terms of change in value, exhibiting positive growth in October 2026 vis a vis October 2025 are U S A (39.25%), Spain (352.07%), Singapore (139.1%), Malaysia (280.72%), and China P Rp (48.15%).
- Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-October 2026-27 vis a vis April-October 2025-26 are U S A (14.48%), Singapore (107.5%), China P Rp (37.71%), Malaysia (106.87%), and Spain (88.38%).
- Top 5 import sources, in terms of change in value, exhibiting growth in October 2026 vis a vis October 2025 are China P Rp (46.48%), Russia (73.17%), U S A (29.17%), Malaysia (88.51%), and Indonesia (75.07%)
- Top 5 import sources, in terms of change in value, exhibiting growth in April-October 2026-27 vis a vis April-October 2025-26 are China P Rp (30.62%), Russia (54.83%), U S A (27.63%), Oman (202.32%), and Brazil (144.54%).
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Abhishek Dayal
(रिलीज़ आईडी: 2335914)
