India’s combined merchandise and services exports reached an estimated $491.8 billion in the first seven months of FY26 (April–October 2025), marking a 4.84% increase from $469.11 billion in the same period last year, the Commerce Ministry reported.
Merchandise exports during April–October came in at $254.25 billion, slightly higher than the $252.66 billion recorded a year earlier, reflecting a modest 0.63% rise. Non-petroleum exports performed more strongly, climbing 3.92% to $219.9 billion, compared with $211.6 billion in April–October 2024.
Export growth in October was driven by several key sectors, particularly electronics, meat and dairy products, marine goods, cashew, and coffee.
- Electronic goods shipments surged 19.05% year-on-year to $4.08 billion.
- Exports of meat, dairy and poultry products jumped 30.87% to $0.58 billion.
- Marine product exports rose 11.08% to $0.90 billion.
- Cashew exports more than doubled, increasing 126.85% to $0.06 billion.
- Coffee shipments grew 10.91%, reaching $0.13 billion.
Overall, India’s exports for October 2025 (goods and services combined) were valued at $72.89 billion, while imports for the month stood at $94.70 billion, up 14.87% from October 2024.
On the services side, imports during April–October 2025 were estimated at $118.87 billion, up from $114.96 billion a year earlier. India’s services trade surplus improved significantly to $118.68 billion, compared with $101.49 billion in the same period last year.
The strongest growth in export markets during October came from China (42.35%), Spain (43.43%), Sri Lanka (29.02%), Vietnam (21.42%), and Tanzania (17.92%), according to the official data.
