The Ministry of Commerce & Industry, Government of India, vide Press Information Bureau (PIB) Press Release dated November 13, 2026 (Release ID: 2335914), has reported significant growth in India’s exports during October 2026, reflecting strong performance across merchandise and services sectors.
India’s Total Exports Increase by 29.90% in October 2026
India’s total exports, comprising merchandise and services, are estimated at US$ 89.99 billion in October 2026, as compared to US$ 69.27 billion in October 2025, registering an impressive year-on-year growth of 29.90%. Total imports increased by 16.58% to US$ 110.07 billion from US$ 94.42 billion during the corresponding period.
Cumulative Exports Rise by 16.66% During April–October 2026–27
India’s cumulative exports during April–October 2026–27 are estimated at US$ 568.84 billion, compared to US$ 487.59 billion during April–October 2025–26, reflecting a growth of 16.66%. Total imports during the same period increased by 16.00% to US$ 662.19 billion from US$ 570.84 billion.
Merchandise Exports Register Robust Growth of Approximately 45%
Merchandise exports witnessed substantial growth, increasing from US$ 34.11 billion in October 2025 to US$ 49.47 billion in October 2026, representing an increase of approximately 45.03%. Merchandise imports increased to US$ 89.35 billion from US$ 76.69 billion during the corresponding month.
During April–October 2026–27, cumulative merchandise exports rose by 21.96% to US$ 309.06 billion, compared to US$ 253.40 billion during the corresponding period of the previous financial year.
Petroleum Products, Electronics and Engineering Goods Lead Export Growth
The Ministry highlighted strong export performance across several key sectors during October 2026:
- Petroleum Products: Exports surged by 140.21%, from US$ 3.70 billion to US$ 8.89 billion.
- Electronic Goods: Exports increased by 62.70%, from US$ 4.08 billion to US$ 6.64 billion.
- Gems & Jewellery: Exports registered 40.06% growth, reaching US$ 3.21 billion.
- Organic & Inorganic Chemicals: Exports increased by 36.20%, reaching US$ 2.89 billion.
- Engineering Goods: Exports rose by 36.01%, from US$ 9.37 billion to US$ 12.74 billion.
These sectors emerged as major contributors to India’s merchandise export growth during October 2026.
Non-Petroleum Exports Reflect Broad-Based Growth
Non-petroleum exports during April–October 2026–27 increased by 18.01% to US$ 259.22 billion, compared to US$ 219.66 billion during the corresponding period of the previous year.
Further, non-petroleum and non-gems & jewellery exports during October 2026 increased to US$ 37.38 billion, compared to US$ 28.11 billion in October 2025, indicating encouraging growth beyond petroleum and precious commodities.
Services Exports Continue to Support India’s Trade Performance
India’s services exports for October 2026 are estimated at US$ 40.51 billion, compared to US$ 35.17 billion in October 2025, while services imports are estimated at US$ 20.72 billion.
During April–October 2026–27, services exports increased by 10.93% to US$ 259.78 billion, compared to US$ 234.18 billion during April–October 2025–26.
The services sector recorded a trade surplus of US$ 124.80 billion during April–October 2026–27, compared to US$ 116.21 billion during the corresponding period of the previous year.
Export Growth Recorded Across Multiple Product Categories
Apart from the major export sectors, several other product categories registered positive growth during October 2026, including Other Cereals (87.47%), Oil Meals (85.55%), Handicrafts excluding Handmade Carpets (55.22%), Plastic & Linoleum (36.28%), Cotton Yarn and Textiles (29.96%), Ready-Made Garments (20.33%), Rice (18.39%) and Drugs & Pharmaceuticals (10.55%).
The performance indicates positive growth across agricultural products, manufactured goods, textiles and pharmaceutical products.
USA, Spain, Singapore, Malaysia and China Emerge as Major Export Growth Destinations
The Ministry identified the USA, Spain, Singapore, Malaysia and China among the leading export destinations in terms of positive change in export value during October 2026.
Exports recorded growth of 39.25% to the USA, 352.07% to Spain, 139.10% to Singapore, 280.72% to Malaysia and 48.15% to China, compared to October 2025.
These figures indicate encouraging growth across established as well as other important international markets.
Merchandise Trade Deficit Widens, While Services Surplus Provides Support
The merchandise trade deficit during April–October 2026–27 stood at US$ 218.15 billion, compared to US$ 199.46 billion during April–October 2025–26.
However, the services trade surplus of US$ 124.80 billion helped partly offset the merchandise trade deficit. The overall trade deficit for merchandise and services combined stood at US$ 93.35 billion during April–October 2026–27, compared to US$ 83.25 billion during the corresponding period of the previous year.
Strong Export Performance Signals Positive Momentum for Indian Trade
The latest trade figures highlight encouraging growth in India’s exports, particularly in petroleum products, electronics, engineering goods, chemicals and gems & jewellery.
The continued expansion of non-petroleum exports and services trade indicates diversification of India’s export performance, while the widening merchandise trade deficit remains an important area requiring attention.
Overall, the figures reflect positive export momentum, expanding international trade opportunities and continued participation of Indian businesses in global markets.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleaseDetail.aspx?PRID=2335914®=48&lang=1
