Context :

• According to the estimated data released by the Ministry of Commerce and Industry, India’s total exports increased by 4.22% in FY 2025–26, crossing 860 billion US dollars.

Key Trade Figures (At a Glance) :

• Total Exports: $860.09 Billion (4.22% growth)
• Merchandise Exports: $441.78 Billion (marginal growth)
• Services Exports: $418.31 Billion (strong contributor)
• Total Imports: Around $970 Billion (6.47% sharp rise)
• Trade Deficit: $119.30 Billion (higher than $94.66 Billion in FY25)

Major Export Drivers :

• Petroleum Products
• Engineering Goods
• Mica, Coal & Other Ores
• Processed Minerals
• Other Cereals
• Handicrafts (excluding handmade carpets)

Petroleum Products :

• March 2025: $4.90 Billion
• March 2026: $5.18 Billion
• Growth Rate: 5.88%

➡ Improvement in global energy demand and prices boosted petroleum exports.

Engineering Goods :

• March 2025: $10.82 Billion
• March 2026: $10.94 Billion
• Growth Rate: 1.13%

➡ Though modest, this growth reflects India’s engineering strength and stable global demand.

Mica, Coal & Other Ores :

• March 2025: $0.52 Billion
• March 2026: $0.58 Billion
• Growth Rate: 11.27%

➡ Significant rise indicates strong competitiveness of India’s natural resources.

Other Cereals :

• March 2025: $0.03 Billion
• March 2026: $0.06 Billion
• Growth Rate: 108.23%

➡ Exceptional growth driven by rising global demand and new agricultural export opportunities.

Handicrafts (excluding carpets) :

• March 2025: $0.13 Billion
• March 2026: $0.14 Billion
• Growth Rate: 8.51%

➡ Reflects increasing global demand for Indian traditional crafts.

Export Destinations (Growth Trends) :

• In March 2026, export growth was recorded to Singapore, Malaysia, China, Tanzania, and Sri Lanka.
• Over the full financial year, top export growth destinations included China, Spain, Hong Kong, Vietnam, and Sri Lanka.

India’s Major Free Trade Agreements (FTAs) :

India currently has 9 FTAs covering more than 38 countries, with accelerated momentum in recent years: