India’s total exports, including merchandise and services, hit $232.73 billion in the April-June period of the financial year 2026-27, marking an 11.37% increase despite global challenges, as per data from the Commerce Ministry. Merchandise exports for the same period stood at $129.32 billion, up from $111.57 billion in the previous fiscal year.
Service exports for April-June 2026-27 were estimated at $103.41 billion, compared to $97.41 billion in the corresponding period of the previous year. The services trade surplus during this quarter was $49.43 billion, higher than the $47.90 billion recorded in April-June 2025-26.
In June alone, India’s merchandise exports amounted to $40.41 billion, a rise from $34.98 billion in June 2025. Additionally, service exports for June 2026 reached $33.03 billion, up from $32.11 billion in June 2025.
The data also revealed that non-petroleum exports for April-June 2026-27 were valued at $106.30 billion, showing a 12.44% increase from the previous year. Key drivers of merchandise exports growth in June 2026 included gems and jewellery, engineering goods, organic and inorganic chemicals, electronic goods, and rice.
Notably, gems and jewellery exports surged by 34.64% to $2.41 billion in June 2026 from $1.79 billion in June 2025. Engineering goods exports rose by 20.74% to $11.48 billion, organic and inorganic chemicals exports increased by 19.42% to $2.77 billion, electronic goods exports grew by 18.93% to $4.93 billion, and rice exports saw a 16.48% increase to $1.00 billion in June 2026.
