India recorded a robust start to FY27 as merchandise exports climbed 15.92% year-on-year during the April-June quarter, reflecting strong global demand for Indian manufactured products and value-added exports. According to the latest trade data, India’s combined merchandise and services exports reached US$232.73 billion, highlighting the country’s growing strength in international trade despite ongoing global economic uncertainties.
Merchandise exports increased to US$129.32 billion during the first quarter of FY27, while non-petroleum exports expanded by 12.44% to US$106.30 billion, indicating healthy growth across key manufacturing sectors rather than being driven solely by energy-related shipments.
In June 2026, India exported merchandise worth US$40.41 billion, contributing to a total monthly export value of US$73.45 billion when services exports are included.
Several high-value sectors played a significant role in driving export growth. Engineering goods remained India’s largest export category, registering an impressive 20.74% increase, followed by electronic goods, which grew 18.93% as India continued strengthening its position in global electronics manufacturing. Gems & jewellery exports posted the strongest growth among major sectors, rising 34.64%, while organic and inorganic chemicals expanded 19.42%. Rice exports also maintained strong momentum with a 16.48% increase compared to the same period last year.
India’s services exports remained resilient during the quarter, reaching US$103.41 billion, supported by strong global demand for IT, business, financial, and professional services.
Major export destinations including Singapore, South Africa, China, Oman, and Malaysia continued to record healthy demand for Indian products, reinforcing India’s expanding global trade footprint and diversified export portfolio.
The sustained export growth reflects improving manufacturing competitiveness, expanding production capabilities, and increasing international confidence in India’s role as a reliable global supply chain partner.
Key Highlights
- India's total exports reached US$232.73 billion in Q1 FY27
- Merchandise exports increased 15.92% YoY to US$129.32 billion
- Non-petroleum exports grew 12.44% to US$106.30 billion
- Services exports stood at US$103.41 billion
- June merchandise exports touched US$40.41 billion
- Engineering goods exports rose 20.74%
- Electronic goods exports increased 18.93%
- Gems & jewellery exports surged 34.64%
- Chemical exports grew 19.42%
- Rice exports climbed 16.48%
- Singapore, China, Oman, Malaysia and South Africa remained key export markets
Why This Matters
The strong export performance highlights India’s increasing competitiveness in global manufacturing and services. Rising exports support economic growth, improve foreign exchange earnings, create employment opportunities, and strengthen India’s position as a preferred sourcing destination for international buyers. Continued momentum in engineering, electronics, chemicals, and value-added manufacturing is expected to further enhance India’s global trade competitiveness.
FAQs
How much did India's merchandise exports grow in Q1 FY27?
India’s merchandise exports grew 15.92% year-on-year, reaching US$129.32 billion during April-June FY27.
What were India's total exports in Q1 FY27?
India’s combined merchandise and services exports reached US$232.73 billion in the first quarter of FY27.
Which sectors recorded the highest export growth?
The fastest-growing export sectors were:
- Gems & Jewellery (34.64%)
- Engineering Goods (20.74%)
- Organic & Inorganic Chemicals (19.42%)
- Electronic Goods (18.93%)
- Rice (16.48%)
What were India's services exports in Q1 FY27?
Services exports reached US$103.41 billion during April-June FY27.
Which countries were major export destinations?
Key export markets included Singapore, China, South Africa, Oman, and Malaysia.
