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India's Trade Surges: Exports Climb, Imports Soar
13 Jul
Summary
- Total exports rose 9.48% in June, reaching US$ 73.45 billion.
- Total imports surged 26.85% in June, estimated at US$ 88.76 billion.
- Merchandise deficit widened to US$ 86.86 billion in Q1 FY27.
India's total exports, encompassing both merchandise and services, demonstrated strong growth in June 2026, climbing by 9.48% to an estimated US$ 73.45 billion compared to the previous year. In the same month, total imports experienced a substantial increase of 26.85%, reaching an estimated US$ 88.76 billion.
During the first quarter of the fiscal year 2026-27 (April-June), India's total exports were valued at US$ 232.73 billion, reflecting an 11.37% rise. Imports for the same period were US$ 270.15 billion, marking a 17.55% growth. The merchandise trade deficit for this quarter widened to US$ 86.86 billion, up from US$ 68.75 billion in the corresponding period of the previous fiscal year.
Services exports for June 2026 were estimated at US$ 33.03 billion, showing a modest increase from US$ 32.11 billion in June 2025. Services imports stood at US$ 17.92 billion. The services trade surplus for the April-June 2026-27 period reached US$ 49.43 billion, a slight improvement from US$ 47.90 billion in the prior year.
