Ministry of Commerce: India's Combined Merchandise and Services Exports Grow 15.5% to USD 399.27 Billion in April-August 2026

Key facts

• India's cumulative merchandise and services exports during April-August 2026-27 were estimated at USD 399.27 billion, marking a growth of 15.5% from USD 345.55 billion in the year-ago period.
• India's total exports in August 2026 stood at USD 82.68 billion, growing 25.41% year-on-year from USD 65.93 billion in August 2025, the highest monthly export growth since June 2022, driven mainly by petroleum product shipments.
• India's merchandise exports rose from USD 34.74 billion in August 2025 to USD 43.81 billion in August 2026, while merchandise imports rose 14.1% year-on-year to USD 70.76 billion.
• India's services exports in August 2026 were estimated at USD 38.87 billion, compared to USD 31.19 billion in August 2025.
• India's trade deficit narrowed to a five-month low of USD 26.86 billion in August 2026, aided by a 57.7% decline in gold imports to USD 2.3 billion from USD 5.4 billion in August 2025.
• The merchandise trade deficit during April-August 2026-27 widened to USD 147.09 billion from USD 123.88 billion in April-August 2025-26.
• India's exports to the United States rose 21.83% to USD 8.4 billion and to China rose 52.35% to USD 1.9 billion in August 2026, while exports to the UAE declined 26.1% to USD 2.4 billion due to the West Asia crisis.
• Commerce Secretary Rajesh Agarwal said export growth was driven by engineering goods, petroleum products, chemicals and textiles, with major demand from the US, EU, BRICS nations and emerging economies.