India Exports July 2026: India’s total exports of merchandise and services rose 13.31% year-on-year to an estimated US$ 80.14 Billion in July 2026, while total imports increased 15.83% to US$ 95.16 Billion. The Ministry of Commerce & Industry said cumulative exports during April-July 2026-27 reached an estimated US$ 316.42 Billion, up 13.16% from US$ 279.63 Billion in the same period of 2025-26. Cumulative imports stood at US$ 365.85 Billion, a growth of 17.28%. The total trade balance for July was -US$ 15.03 Billion, compared with -US$ 11.43 Billion in July 2025, while the April-July trade balance was -US$ 49.43 Billion against -US$ 32.32 Billion.
Merchandise exports in July 2026 increased to US$ 44.24 Billion from US$ 36.98 Billion in July 2025. Merchandise imports rose to US$ 76.22 Billion from US$ 64.86 Billion. During April-July 2026-27, merchandise exports were US$ 173.78 Billion, compared with US$ 148.48 Billion, registering 17.04% growth. Merchandise imports were US$ 292.38 Billion against US$ 245.14 Billion, while the merchandise trade deficit widened to US$ 118.60 Billion from US$ 96.66 Billion.
India exports July 2026: Key sectors and trade data
Cumulative non-petroleum exports during April-July 2026-27 stood at US$ 143.61 Billion, up 12.79% from US$ 127.32 Billion. Non-petroleum and non-gems & jewellery exports in July were US$ 35.00 Billion, compared with US$ 30.47 Billion, while corresponding imports were US$ 51.82 Billion against US$ 43.07 Billion. For April-July, non-petroleum and non-gems & jewellery exports reached US$ 134.02 Billion from US$ 118.27 Billion, while imports rose to US$ 192.03 Billion from US$ 160.95 Billion. Non-petroleum exports in July were US$ 37.32 Billion against US$ 32.86 Billion, and non-petroleum imports were US$ 57.91 Billion against US$ 49.30 Billion.
Services exports were estimated at US$ 35.89 Billion in July 2026, compared with US$ 33.74 Billion in July 2025, while services imports rose to US$ 18.94 Billion from US$ 17.30 Billion. For April-July 2026-27, services exports were estimated at US$ 142.64 Billion against US$ 131.15 Billion, and services imports at US$ 73.47 Billion against US$ 66.81 Billion. The services trade surplus increased to US$ 69.17 Billion from US$ 64.35 Billion, with services exports estimated to grow 6.38% during the period. The latest RBI services data available is for June 2026, so July 2026 services figures are estimates.
The main drivers of merchandise export growth in July included petroleum products, electronic goods, engineering goods, organic and inorganic chemicals, and cotton yarn/fabrics/made-ups and handloom products. Petroleum products exports rose 67.64% to US$ 6.92 Billion from US$ 4.13 Billion; electronic goods increased 57.40% to US$ 5.92 Billion from US$ 3.76 Billion; engineering goods rose 17.71% to US$ 12.24 Billion from US$ 10.40 Billion; organic and inorganic chemicals increased 14.39% to US$ 2.80 Billion from US$ 2.45 Billion; and cotton yarn/fabrics/made-ups and handloom products rose 8.40% to US$ 1.11 Billion from US$ 1.02 Billion.
Other merchandise export categories recording positive growth in July 2026 were iron ore at 78.35%, meat, dairy and poultry products at 40.84%, cashew at 25.11%, marine products at 17.83%, handicrafts excluding handmade carpet at 15.55%, plastic and linoleum at 11.01%, cereal preparations and miscellaneous processed items at 9.51%, mica, coal and other ores, minerals including processed minerals at 5.79%, drugs and pharmaceuticals at 0.74%, and man-made yarn/fabrics/made-ups at 0.45%. Imports showing negative growth included silver at -66.1%, sulphur and unroasted iron pyrites at -47%, newsprint at -26.31%, pulp and waste paper at -22.61%, medical and pharmaceutical products at -3.96%, wood and wood products at -2.1%, and iron and steel at -1.84%.
By destination, the top five export markets showing positive growth in July 2026 were U S A at 12.85%, China P Rp at 64.57%, Singapore at 83.7%, Kenya at 151.41%, and Malaysia at 73.03%. For April-July 2026-27, the leading destinations by change in value were Singapore at 97.11%, China P Rp at 35.97%, Tanzania Rep at 131.2%, South Africa at 69.75%, and Sri Lanka Dsr at 111.76%. On the import side, the top five sources showing growth in July were Russia at 83.85%, China P Rp at 34.42%, Oman at 150.36%, Taiwan at 111.3%, and U S A at 18.11%. During April-July, the corresponding sources were Russia at 59.65%, China P Rp at 29.68%, Oman at 200.68%, U S A at 22.42%, and Brazil at 166.84%.
