India’s goods exports rose nearly 15% in the first two-and-a-half months of 2026-27, covering April, May and the first 14 days of June 2026. India’s merchandise exports reached US88.91 billion in April-May 2026-27, and total exports of goods and services were estimated at US162.69 billion in the same period.
Merchandise Exports in India
Merchandise exports refer to the export of physical goods such as petroleum products, engineering goods, chemicals, textiles and agricultural commodities. India’s merchandise export data is compiled by the Ministry of Commerce and Industry and is used for monthly and cumulative trade tracking.
Petroleum Products and Export Composition
India’s exports of petroleum products rose 54.89% in May 2026 to US$8.42 billion. Petroleum products are a major export item in India’s goods trade and include refined fuels and related products.
Global Goods Trade in 2026
The Atlanta Fed’s GDPNow model projected a 15.2% seasonally adjusted annual rate surge in Q2 2026 goods exports for the United States. Goods exports from Latin America and the Caribbean grew 15.7% year-on-year in the first quarter of 2026, with mining and agribusiness products forming the main export groups.
Important Facts for Exams
India’s merchandise exports are measured in US dollars and are reported monthly by the Ministry of Commerce and Industry.
April and May together form the first two months of India’s financial year, which begins on 1 April.
Petroleum products are among the largest items in India’s export basket by value.
UN Trade and Development is the United Nations body that tracks global trade and development trends.
Global Trade Outlook
|
