India’s exports continued to grow in June 2026, with total exports of merchandise and services estimated at US$73.45 billion, up 9.48% from June 2025. Total imports rose at a faster pace to US$88.76 billion, an increase of 26.85%, resulting in a combined trade deficit of US$15.32 billion, according to data released by the Commerce Ministry.
Merchandise exports for June 2026 stood at US$40.41 billion, compared with US$34.98 billion a year earlier. Merchandise imports increased to US$70.84 billion from US$54.08 billion, taking the merchandise trade deficit to about US$30.43 billion. Services exports were estimated at US$33.03 billion, while services imports were US$17.92 billion.
For the April-June quarter of 2026-27, total exports of merchandise and services were estimated at US$232.73 billion, up 11.37% from US$208.98 billion in the same period of 2025-26. Total imports during the quarter reached US$270.15 billion, an increase of 17.55%, leaving a combined trade deficit of US$37.42 billion.
Merchandise exports during April-June 2026-27 rose 15.92% to US$129.32 billion from US$111.57 billion a year earlier. Non-petroleum exports increased 12.44% to US$106.30 billion, compared with US$94.54 billion in the corresponding period last year.
The Commerce Ministry said the main drivers of merchandise export growth in June were Gems & Jewellery, Engineering Goods, Organic & Inorganic Chemicals, Electronic Goods, and Rice. Gems & Jewellery exports jumped 34.64% to US$2.41 billion, Engineering Goods exports rose 20.74% to US$11.48 billion, Organic & Inorganic Chemicals exports increased 19.42% to US$2.77 billion, Electronic Goods exports climbed 18.93% to US$4.93 billion, and Rice exports rose 16.48% to US$1.00 billion.
During April-June 2026-27, services exports were estimated at US$103.41 billion, up from US$97.41 billion a year earlier. Services imports were estimated at US$53.97 billion, compared with US$49.51 billion, resulting in a services trade surplus of US$49.43 billion. Merchandise imports during the quarter increased to US$216.18 billion from US$180.31 billion, while the merchandise trade deficit widened to US$86.86 billion from US$68.75 billion.
The data also highlighted India’s major trading partners. Among export destinations, the highest growth in June 2026 was recorded for Oman (189.6%), South Africa (114.04%), Malaysia (99.18%), Singapore (48.91%), and China P RP (31.49%). For April-June 2026-27, the fastest-growing export markets were Tanzania Rep (146.89%), Sri Lanka Dsr (124.63%), Singapore (101.16%), South Africa (76.49%), and China P RP (27.54%).
On the import side, the largest increases in June 2026 came from Taiwan (135.03%), Russia (85.02%), China P RP (40.26%), U S A (33.86%), and U Arab Emts (24.62%). During April-June 2026-27, the biggest import growth was from Oman (221.81%), Brazil (174.69%), Russia (52.68%), China P RP (27.94%), and U S A (23.82%).
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