Exports Rise 15% Despite Global Headwinds, Highlighting Resilience of India’s Trade Sector
- IBEF
- June 22, 2026
India's merchandise exports have demonstrated strong resilience despite global economic uncertainties and tariff-related challenges. Union Commerce and Industry Minister Mr. Piyush Goyal said that exports grew by approximately 15% year-on-year during April 1-June 14, 2026, reflecting the strength of India's trade sector amid evolving global conditions. Export momentum remained robust despite higher tariffs imposed by the United States and ongoing geopolitical and economic uncertainties affecting international trade. The strong performance highlights increasing competitiveness, diversified export markets and India's growing participation in global value chains. Recent trade data showed that merchandise exports reached a six-month high of Rs. 4.26 lakh crore (US$ 45.2 billion) in May 2026, recording an 18% increase over the previous year.
India remains confident of achieving its ambitious target of Rs. 94.36 lakh crore (US$ 1 trillion) in exports during FY27. During April-May 2026, exports increased 16.09% to Rs. 8.39 lakh crore (US$ 88.91 billion), while imports rose 15.14% to Rs. 13.71 lakh crore (US$ 145.35 billion). The trade deficit stood at Rs. 5.33 lakh crore (US$ 56.44 billion) during the period. India is also set to hold discussions with the United States on the first phase of a proposed bilateral trade agreement on June 23-24, 2026. The discussions are expected to focus on finalising the framework for enhanced trade cooperation and addressing tariff-related issues. Expanding trade partnerships, improving market access and strengthening export competitiveness are expected to support sustained growth in exports and contribute to India's long-term economic development goals.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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