New Delhi, April 15: India’s total exports, including goods and services, are expected to increase by 4.22% during the fiscal year 2025-26, reaching $860.09 billion. This marks a rise from $825.26 billion in the previous fiscal year.
During FY 2025-26, the total value of merchandise exports stood at $441.78 billion, reflecting a slight increase of 0.93% compared to $437.70 billion in FY 2025.
According to data from the Ministry of Commerce, the estimated value of service exports for FY 2026 is $418.31 billion, up from $387.55 billion in the previous year. This indicates a growth of 7.94% in service exports.
In March, merchandise exports were valued at $38.92 billion, down from $42.05 billion in March 2025. Meanwhile, service exports for March 2026 were estimated at $35.20 billion, slightly lower than $35.63 billion in March 2025.
Non-petroleum and non-gemstone exports reached $359.67 billion in FY 2026, surpassing $344.50 billion from FY 2025.
Key sectors contributing to export growth in March included petroleum products, engineering goods, mica, coal, and other minerals, as well as processed minerals, grains, and handicrafts.
Petroleum product exports rose from $4.90 billion in March 2025 to $5.18 billion in March 2026, showing a growth of 5.88%. Similarly, engineering goods exports increased from $10.82 billion to $10.94 billion, marking a 1.13% rise.
Exports of other grains surged from $0.03 billion to $0.06 billion, reflecting a remarkable increase of 108.23%.
In March 2026, the top five countries that saw an increase in export value included Singapore, Malaysia, China, Tanzania, and Sri Lanka.
Throughout FY 2026, the leading countries for export growth were China, Spain, Hong Kong, Vietnam, and Sri Lanka.
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DBP
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