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India's merchandise exports jump 19.6% in July driven by petroleum products
Aug-14-2026

The commerce ministry in its latest data has showed that India’s merchandise exports rose by 19.63 per cent to $44.24 billion in July 2026 as compared to $36.98 billion in July 2025, driven by a jump in shipments of petroleum products. Petroleum Products exports increased by 67.64% from $4.13 billion in July 2025 to $6.92 billion in July 2026. Merchandise imports grew by 17.51 per cent year-on-year to $76.22 billion in July 2026, up from $64.86 billion in July 2025, due to increase in the inbound shipments of crude oil. Trade deficit (difference between imports and exports) widened to $31.98 billion in July 2026 as against $27.88 billion in July 2025. Trade deficit stood at $30.4 billion in June. 

According to the data, merchandise exports during April-July 2026-27 were $173.78 billion as compared to $148.48 billion during April-July 2025-26. Merchandise imports during April-July 2026-27 were $292.38 billion as compared to $245.14 billion during April-July 2025-26. Merchandise trade deficit during April-July 2026-27 was $118.60 billion as compared to $96.66 billion during April-July 2025-26. 

Non-petroleum and non-gems & jewellery exports in July 2026 were $35.00 billion compared to $30.47 billion in July 2025. Non-petroleum and non-gems & jewellery exports in April-July 2026-27 were $134.02 billion, compared to $118.27 billion in April-July 2025-26. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in July 2026 were $51.82 billion compared to $43.07 billion in July 2025. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-July 2026-27 were $192.03 billion, compared to $160.95 billion in April-July 2025-26.


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