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India's total exports of merchandise and services for August 2026 are estimated at US$ 82.68 billion, a growth of 25.41% over August 2025; total imports were US$ 92.09 billion, up 18.75%.
Cumulative exports for April-August 2026-27 are estimated at US$ 399.27 billion against US$ 345.55 billion a year earlier, a growth of 15.55%.
Merchandise exports in August 2026 were US$ 43.81 billion against imports of US$ 70.67 billion; the merchandise trade deficit for April-August widened to US$ 147.09 billion from US$ 123.88 billion.
Electronic goods exports rose 89.82% to US$ 5.55 billion and petroleum products 63.27% to US$ 6.81 billion; iron ore exports grew fastest at 126.3%.
The services trade surplus for April-August 2026-27 was US$ 86.71 billion, against US$ 79.94 billion a year earlier; the August services figure is an estimate, since RBI's latest released services data is for July 2026.
| Component | August 2026 | August 2025 |
|---|---|---|
| Merchandise exports | 43.81 | 34.74 |
| Merchandise imports | 70.67 | 61.96 |
| Services exports | 38.87 | 31.19 |
| Services imports | 21.42 | 15.59 |
| Total exports | 82.68 | 65.93 |
| Total imports | 92.09 | 77.55 |
| Overall trade balance | -9.41 | -11.62 |
Provide the framework for India's trade in goods and services, and for export-led employment and value addition
Key: Announced on 31 March 2023 and in force from 1 April 2023; unlike earlier policies it carries no fixed five-year term and continues until amended. It rests on four pillars — incentive to remission; export promotion through collaboration with exporters, states, districts and Indian missions; ease of doing business; and emerging areas including e-commerce and districts as export hubs.
Duty-free enclaves treated as foreign territory for trade operations, created to raise exports and investment
Key: Governed by the Special Economic Zones Act, 2005, which was passed by Parliament in May 2005 and received presidential assent on 23 June 2005, providing the legal framework for establishing, developing and regulating SEZs
Pay incentives on incremental sales of goods manufactured in India, to build electronics manufacturing at scale
Key: Notified on 1 April 2020; 32 companies were approved under it — relevant here because electronic goods were the second-fastest growing export category in August 2026, rising 89.82% to US$ 5.55 billion
The official organisation for the collection, compilation and dissemination of India's trade statistics and commercial information, functioning under the Ministry of Commerce and Industry. It is the principal authority on trade-related data in India and publishes the Quarterly Review of Merchandise Foreign Trade.
General Awareness > Economy > External Sector and Trade Data
GS Paper 3 > Indian Economy > External Sector, Balance of Payments and Trade
The excess of goods imports over goods exports — US$ 147.09 billion for India in April-August 2026-27.
Total exports excluding petroleum products, used to read underlying export performance separately from crude price swings.
The excess of services exports over services imports, which for India partly offsets the goods deficit — US$ 86.71 billion in April-August 2026-27.