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India's merchandise exports jump 26.10% in August driven by petroleum products
Sep-16-2026

The commerce ministry in its latest data has showed that India’s merchandise exports rose by 26.10 per cent to $43.81 billion in August 2026 as compared to $34.74 billion in August 2025, driven by a jump in petroleum product shipments. Petroleum Products exports increased by 63.27 per cent from $4.17 billion in August 2025 to $6.81 billion in August 2026. The growth in merchandise exports in August was the highest since June 2022, when shipments had risen 30.12 per cent. Merchandise imports grew by 14.05 per cent year-on-year to $70.67 billion in August 2026, up from $61.96 billion in August 2025. Meanwhile, India's gold imports dipped to $2.3 billion in August 2026, from $5.4 billion in August 2025, registering a decline of 57.7 per cent. A dip in gold imports helped narrow the trade deficit to a five-month low of $26.86 billion in August.

According to the data, merchandise exports during April-August 2026-27 were $215.91 billion as compared to $183.21 billion during April-August 2025-26. Merchandise imports during April-August 2026-27 were $363.00 billion as compared to $307.09 billion during April-August 2025-26. Merchandise trade deficit during April-August 2026-27 was $147.09 billion as compared to $123.88 billion during April-August 2025-26.   

Non-petroleum and non-gems & jewellery exports in August 2026 were $34.68 billion compared to $28.26 billion in August 2025. Non-petroleum and non-gems & jewellery exports in April-August 2026-27 were $168.69 billion, compared to $146.52 billion in April-August 2025-26. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in August 2026 were $49.22 billion compared to $41.39 billion in August 2025. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-August 2026-27 were $241.24 billion, compared to $202.34 billion in April-August 2025-26.   


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