New Delhi: Despite global headwinds, India’s total exports (merchandise and services) reached $232.73 billion during the April-June period (Q1 FY27), registering a positive growth of 11.37 per cent, the Commerce Ministry data showed on Monday.
Merchandise exports during the April-June period were $129.32 billion, compared to $111.57 billion during April-June in FY26. The merchandise trade deficit during April-June FY27 was $86.86 billion compared to $68.75 billion during the same period last fiscal, the data showed.
On the other hand, the estimated value of service exports during April-June 2026-27 is $103.41 billion against $97.41 billion in April-June 2025-26. The services trade surplus for April-June FY27 was recorded at $49.43 billion compared to $47.90 billion in April-June 2025-26.
In June, merchandise exports were $40.41 billion against $34.98 billion in June 2025.
Meanwhile, the estimated value of services export for June 2026 was $33.03 billion, compared to $32.11 billion in June 2025, according to the data.
The data further showed that the cumulative non-petroleum exports in April-June 2026-27 were valued at $106.30 billion and registered an increase of 12.44 per cent compared to $94.54 billion in April-June 2025-26.
Major drivers of merchandise exports growth in June 2026 include gems and jewellery, engineering goods, organic and inorganic chemicals, electronic goods, and rice.
Notably, gems and jewellery exports increased by 34.64 per cent — from $1.79 billion in June 2025 to $2.41 billion in June 2026.
Engineering goods exports increased by 20.74 per cent from $9.51 billion in June 2025 to $11.48 billion in June 2026. Organic and Inorganic Chemicals exports increased by 19.42 per cent from $2.32 billion in June 2025 to $2.77 billion last month.
On the other hand, electronic goods exports increased by 18.93 per cent from $4.14 billion in June 2025 to $4.93 billion in June 2026. Rice exports surged by 16.48 per cent — from $0.86 billion in June 2025 to $1.00 billion in June 2026, according to the official data.
(IANS)
