India's exports registers 4.22% growth in FY25-26

India’s cumulative exports of merchandise and services are estimated at a new record high of USD 860.09 billion in FY 2025–26, compared to USD 825.26 billion in FY 2024–25, reflecting an estimated growth of 4.22 per cent.

According to figures provided by Commerce Secretary Rajesh Agrawal, imports increased at a quicker rate of 6.47 per cent to around USD 970 billion, a decline in the overall trade deficit.

The report also showed that overall exports were USD 860.09 billion in 2025–2026 as opposed to USD 825.26 billion in 2024–2025. From USD 919.92 billion in the prior fiscal year to around USD 970 billion in 2025–2026, imports rose.

Consequently, the total trade imbalance (merchandise and services combined) increased from USD 94.66 billion in 2024–2025 to USD 119.30 billion in 2025–2026.

In 2025–2026, merchandise exports increased slightly from USD 437.70 billion to USD 441.78 billion. Due to increased inbound shipments, merchandise imports rose to USD 774.98 billion from USD 721.20 billion.

From USD 387.55 billion in 2024–2025 to USD 418.31 billion in 2025–2026, services exports remained a significant contributor. Additionally, imports of services rose from USD 198.72 billion to USD 204.42 billion.

Additionally, data showed that overall trade, excluding petroleum and jewelry and diamonds, remained balanced. In this domain, imports jumped to USD 702.98 billion from USD 653.31 billion, while exports increased to USD 777.98 billion from USD 732.05 billion.

However, the trade surplus decreased by USD 3.74 billion to USD 75.00 billion from USD 78.74 billion. The value of gold imports increased among important goods, despite a decrease in quantity. From USD 58.01 billion in 2024–2025 to USD 71.98 billion in 2025–2026, the value of gold imports rose.

On the other hand, the amount of gold imported decreased from 757.09 tons to 721.03 tons, suggesting that price rises were a major factor in the increase.