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India's merchandise exports jump 23% in September; Trade deficit narrows to $30.21 billion
Oct-16-2026

The commerce ministry in its latest data has showed that India’s merchandise exports rose by 23.05 per cent to $44.40 billion in September 2026 as compared to $36.08 billion in September 2025, driven by healthy growth in shipments of petroleum products, electronic goods and chemicals. Merchandise imports grew by 8 per cent year-on-year to $74.61 billion in September 2026, up from $69.08 billion in September 2025. Trade deficit (difference between imports and exports) narrowed to $30.21 billion in September 2026 as against $33 billion in September 2025, due to a dip in imports of precious metals. Trade deficit stood at $26.86 billion in August 2026.

According to the data, merchandise exports during April-September 2026-27 were $259.89 billion as compared to $219.30 billion during April-September 2025-26. Merchandise imports during April-September 2026-27 were $437.53 billion as compared to $376.17 billion during April-September 2025-26. Merchandise trade deficit during April-September 2026-27 was $177.64 billion as compared to $156.88 billion during April-September 2025-26.  

Non-petroleum and non-gems & jewellery exports in September 2026 were $34.81 billion compared to $28.53 billion in September 2025. Non-petroleum and non-gems & jewellery exports in April-September 2026-27 were $203.41 billion, compared to $175.06 billion in April-September 2025-26. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in September 2026 were $51.64 billion compared to $42.33 billion in September 2025. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-September 2026-27 were $292.88 billion, compared to $244.67 billion in April-September 2025-26.    


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