Indian Exports

India's exports to US remain unchanged after a year of Trump's tariffs

An analysis of trade ministry data for the 12 months through July shows the US continues to account for about 20% of India's exports

India's tanker exports surge over six-fold to $1.36 bn in Q1, UAE leads

India's tanker exports surged more than six-fold to USD 1.36 billion in the June quarter from USD 221.1 million a year earlier, signalling the country's growing shipbuilding and maritime engineering capabilities, with the UAE emerging as the largest destination during the period, according to commerce ministry data. Tankers are large-scale transport ships engineered for the bulk movement of liquids and gases. They serve as a cornerstone of global energy networks and industrial supply chains, they safely distribute vital commodities, including crude oil, petroleum products, chemicals, liquefied natural gas (LNG), and fresh water. The data showed that export volumes also expanded significantly from 10 vessels to 23 vessels, reflecting increasing international demand for Indian-built tankers and marine transportation assets. It added that the United Arab Emirates (UAE) emerged as the dominant export destination, accounting for USD 900.8 million worth of tanker imports in April-June ...

India's exports to FTA partners surge in Q1, Singapore shipments rise 100%

India's exports to key free trade agreement (FTA) partner countries witnessed strong growth in the first quarter of 2026-27, with outbound shipments to Singapore and Sri Lanka more than doubling, according to the commerce ministry data. India has so far signed 17 FTAs with a number of countries and groups, including Singapore, Malaysia, South Korea, Mauritius, the UAE, Australia, the European Union, Asean and the EFTA bloc. Out of this, 16 are operational. The data showed that exports to Singapore surged 101.2 per cent to USD 6.52 billion during April-June 2026, from USD 3.24 billion in the year-ago period, while shipments to Sri Lanka rose 123.8 per cent to USD 2.35 billion from USD 1.05 billion. The shipments to the ASEAN (Association of South East Asian Nations) region grew 61.6 per cent to USD 14.61 billion in the first quarter of this fiscal, from USD 9.04 billion in April-June 2025-26. Exports to the South Asian Free Trade Area (SAFTA) region rose 36.6 per cent to USD 8.40 ..

India's exports rise 19.63% to $44.24 bn in July, trade deficit widens

India's exports increased by 19.63 per cent to USD 44.24 billion in July, even as the trade deficit widened to USD 31.98 billion. Imports rose by about 17.52 per cent to USD 76.22 billion in July. During April-July this fiscal, exports jumped 17.04 per cent to USD 173.78 billion, and imports climbed 19.27 per cent to USD 292.38 billion. India's exports to West Asian countries rose 8.62 per cent to USD 5.7 billion in July, Commerce Secretary Rajesh Agarwal said in a press briefing on trade data. Agarwal attributed the increase in the country's outbound shipments to higher exports of petroleum products, electronics, engineering and marine goods.

Exports up about 15% in Apr-Jul despite global uncertainties: Piyush Goyal

The country's exports increased by about 15 per cent during April-July this fiscal year despite global uncertainties, Commerce and Industry Minister Piyush Goyal said on Wednesday. He also expressed confidence that the target of USD 1 trillion worth of goods and services exports for 2026-27 will be achieved. It was USD 863 billion in 2025-26. "During the first four months of this fiscal, about 15 per cent growth is there in exports," he said. The final exports and import numbers for July will be released on August 13. Talking about free trade agreements (FTAs), Goyal said the nine pacts finalised in the last four years have opened huge opportunities for domestic industry. These pacts together account for about two-thirds of the global trade. During April-June this fiscal, exports increased 15.92 per cent to USD 129.32 billion, while imports rose 19.89 per cent to USD 216.18 billion.

Exim matters: Buyer's failure to pay should not undo export tax rebates

Export tax remissions should not be recovered when genuine foreign buyers default, as the goods have already left India and the underlying duties and taxes have been borne

Petroleum exports cut both ways for Gujarat as outbound trade slows

Despite topping NITI Aayog's Investor Friendliness Index, Gujarat's exports have declined for three years as falling petroleum shipments expose risks of sectoral dependence

From scarce dollars to global buffers: Can India avoid 1991-like crisis?

Thirty-five years after the 1991 crisis, India's external sector is far stronger. But have larger reserves, stronger exports, and reforms eliminated the risk of another balance-of-payments crisis?

India-UK Ceta concession available for qualifying goods in transit

This week's SME Q&A explains India-UK CETA duty benefits, SRVA trade data, and the process for claiming customs duty refunds on overvalued imports

India's exports rise 15.5% in June, trade deficit widens to $30.43 bn

India's exports rose by 15.5 per cent to USD 40.41 billion in June, even as the trade deficit widened to USD 30.43 billion. Imports in June went up by about 31 per cent to USD 70.84 billion. During April-June this fiscal, exports increased 15.92 per cent to USD 129.32 billion, while imports rose 19.89 per cent to USD 216.18 billion. Gold imports in the first quarter of this fiscal year rose to USD 11.01 billion from USD 7.49 billion in April-June last year. India's exports to West Asian countries rose 7.29 per cent to USD 5 billion in June, Commerce Secretary Rajesh Agarwal said in a press briefing on trade data. Agarwal attributed the increase in the country's inbound shipments to higher imports of crude oil, electronics, machinery, and precious metals.

India corn exports set for three-year high on competitive pricing

India's corn exports are set to hit a three-year high in 2026 as record output, competitive prices and lower freight costs boost demand from Asian buyers

A club India should join: Why CPTPP can advance Viksit Bharat goals

Joining the CPTPP could integrate India into global supply chains, boost exports and support its Viksit Bharat 2047 ambitions before tougher entry conditions emerge

Govt eyes export finance mechanism for MSMEs to bridge working capital gap

The proposed mechanism, to be explored with the Department of Financial Services and industry, aims to ease working capital pressures arising from long export payment cycles

Terms of trade: Negotiations with US must adapt to new realities

India should secure a trade deal with the US that preserves its export competitiveness amid uncertainty over Washington's evolving tariff regime

'Indian exporters must upgrade product standards to benefit from UK FTA'

Indian exporters will have to upgrade product standards and align their goods with British regulatory requirements to take full advantage of the India-UK free trade agreement, which will come into effect from July 15, according to experts. They also said that the government should conduct an outreach programme in different parts of India to inform the domestic industry about the Comprehensive Economic and Trade Agreement (CETA) between the two countries. The UK's Department for Business and Trade has already launched a nationwide free trade agreement roadshow this week across six cities to prepare British businesses for the agreement's entry into force. "A comparable effort is needed on the Indian side, with CETA-specific outreach export-readiness programmes in manufacturing clusters across the country that can help businesses convert the agreement's potential into actual commercial activity," law firm SAM & Co Partner Rudra Kumar Pandey said. He added that Indian exporters will ..

Exports rise 15% during Apr-Jun 14 despite global uncertainties: Goyal

The country's merchandise exports rose by about 15 per cent during April-June 14 this year despite global economic uncertainties, Commerce and Industry Minister Piyush Goyal said on Sunday. The Commerce Ministry will formally release the export and import data for June on July 15. Goyal said that despite 50 per cent tariffs imposed by the US, India's exports in 2025-26 recorded healthy growth. "Even now, if we see April, May and 14 days of June. I have data until June 14, it (exports growth) is 15 per cent," he said during an interaction with chartered accountants in Mumbai. India's exports climbed to a six-month high of 18 per cent to USD 45.2 billion in May, while the trade deficit widened to USD 28.21 billion. During April-May 2026-27, exports rose 16.09 per cent to USD 88.91 billion and imports jumped 15.14 per cent to USD 145.35 billion. The trade deficit stood at USD 56.44 billion during the period. He also urged the chartered accountants to contribute to make India a 'Viks

Govt hikes windfall tax on diesel, ATF exports; petrol duty unchanged

There is no change in the rate of duty on exports of petrol and it continues to be at ₹1.5 per litre

US-Iran peace deal may help boost India's exports, stabilise rupee

The announcement that the US and Iran have finalised a deal to end their 107-day conflict and reopen the Strait of Hormuz is expected to boost India's exports to West Asia, which was severely impacted by the hostilities, spur manufacturing activity and help stabilise the rupee, according to exporters and experts. They said the announcement, if implemented successfully, would reduce pressure on India's import bill, ease inflationary covers and create a more conducive environment for trade. The peace agreement would be signed on June 19 in Switzerland. The US and Iran have reached a peace deal to end a four-month war that disrupted global energy supplies, pushed oil prices above USD 100 per barrel, and brought the Middle East to the brink of a wider regional conflict. For India, which relies heavily on West Asia for crude oil, LPG and LNG supplies, the deal promises relief from high energy prices, pressure on the rupee, and inflation risks that intensified during the conflict, econom

India's exports rise 13.8% in April; FDI hits record $95 billion: Goyal

The country's exports have recorded healthy growth during the first three weeks of May, Commerce and Industry Minister Piyush Goyal said on Saturday. He also said that while the world is going through a turmoil, India is relentlessly rising on global stage as it is recording health growth in exports and foreign direct investment (FDI). "I have seen the numbers of exports even in the last three weeks. The pace of growth which we witnessed in April continues into May. We have been able to demonstrate resilience in the face of so many adversities," he told reporters here. Exports rose by 13.78 per cent to USD 43.56 billion in April, the highest monthly outbound shipments in more than four years, driven by petroleum products amid a surge in crude oil prices, but trade deficit widened to a three-month high of USD 28.38 billion due to an uptick in imports. The minister said that FDI during 2025-26 has touched an all time high of USD 95 billion, an increase of 17 percent year on year. Th

North America, NE Asia, Latin America make up over 35% of India's exports

North America, North-East Asia, and Latin America together accounted for over 35 per cent of India's merchandise exports, which stood at USD 441.78 billion in 2025-26, reflecting a gradual shift towards a more diversified and resilient global trade structure, according to commerce ministry data. Exports to East Africa increased 13.7 per cent to USD 12.6 billion, accounting for 2.9 per cent of India's exports, while North Africa rose 14.8 per cent to USD 8 billion with a 1.8 per cent share. "India's exports in 2025-26 reflected increasing geographic diversification, with strong growth across Asia, Africa, and Latin America even amid global trade disruptions," an official said. According to the data, while North America continued to dominate India's export basket with exports of USD 97.7 billion accounting for 22.1 per cent of total exports, growth remained relatively moderate at 1.3 per cent year-on-year, that indicates to a mature but resilient demand base. The strongest momentum c