India's total exports for the Q1 FY26 (April-June 2025) reached Rs. 18,05,301 crore (US$ 210.31 billion), an increase of 5.94% compared to the same period of Q1 FY25 (April-June 2024). Several sectors, including electronic goods, drugs and pharmaceuticals, engineering goods, marine products, and meat, dairy, and poultry products, drove this growth. Specifically, electronic goods exports surged by 46.93% from Rs. 24,207 crore (US$ 2.82 billion) in June 2024 to Rs. 35,624 crore (US$ 4.15 billion) in June 2025. Drugs and pharmaceuticals exports also saw a rise of 5.95% from Rs. 21,202 crore (US$ 2.47 billion) in June 2024 to Rs. 22,490 crore (US$ 2.62 billion) in June 2025. In addition, non-petroleum exports increased by 5.97% from Rs. 7,67,581 crore (US$ 89.42 billion) in Q1 FY25 to Rs. 8,13,506 crore (US$ 94.77 billion) in Q1 FY26. The services sector also contributed to the overall growth, with exports estimated at Rs. 8,42,348 crore (US$ 98.13 billion) in Q1 FY26, up from Rs. 7,59,341 crore (US$ 88.46 billion) in the same period in 2024.
However, imports also grew during this period, reaching Rs. 19,79,642 crore (US$ 230.62 billion) in Q1 FY26, a 4.38% increase compared to the same period in 2024. This led to a merchandise trade deficit of Rs. 5,77,360 crore (US$ 67.26 billion) in Q1 FY26, compared to Rs. 5,33,066 crore (US$ 62.10 billion) in Q1 FY25. Despite this, the services trade surplus for Q1 FY26 was Rs. 4,03,019 crore (US$ 46.95 billion), up from Rs. 3,40,613 crore (US$ 39.68 billion) in the same period in 2024. The top export destinations showing positive growth in June 2025 compared to June 2024 were the USA (23.53%), China P Rp (17.18%), Kenya (76.2%), France (21.78%), and Brazil (23.02%).
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.