New Delhi, July 13 (IANS). According to data released by the Commerce Ministry on Monday, India’s total exports (goods and services) increased by 11.37 percent to $ 232.73 billion in the first quarter (April-June) of the financial year 2026-27, despite global economic challenges.
According to the ministry data, merchandise exports during April-June FY 2027 stood at $ 129.32 billion, compared to $ 111.57 billion in the same period of the previous financial year (FY 2026). At the same time, the merchandise trade deficit during this period increased to $ 86.86 billion, which was $ 68.75 billion in the same period of the last financial year.
On the other hand, the estimated value of services exports during April-June 2026-27 was $ 103.41 billion, while it was $ 97.41 billion in April-June 2025-26. During this period, services trade surplus increased to $ 49.43 billion, which was $ 47.90 billion in the same period a year ago.
Merchandise exports were recorded at $40.41 billion in June 2026, which was $34.98 billion in June last year.
At the same time, the estimated value of service exports in June 2026 was $ 33.03 billion, whereas in June 2025 it was $ 32.11 billion.
According to government data, non-petroleum exports during April-June 2026-27 stood at $106.30 billion, 12.44 percent higher than $94.54 billion in the same period last financial year.
According to the report, the major areas of growth in commodity exports in June 2026 were gems and jewellery, engineering products, organic and inorganic chemicals, electronic goods and rice.
According to the data, exports of gems and jewelery increased by 34.64 percent from $ 1.79 billion in June 2025 to $ 2.41 billion in June 2026.
Similarly, exports of engineering products increased by 20.74 percent to $11.48 billion from $9.51 billion. At the same time, exports of organic and inorganic chemicals increased by 19.42 percent from $2.32 billion to $2.77 billion.
Additionally, exports of electronic goods increased by 18.93 percent from $4.14 billion in June 2025 to $4.93 billion in June 2026.
At the same time, the export of rice increased by 16.48 percent from $ 0.86 billion in June 2025 to $ 1.00 billion in June 2026.
–IANS
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