India's exports rise 13.8% in April–September 2026, led by electronics

What happened

The Department of Commerce's monthly trade release (PIB, 15 October 2026) estimates India's combined merchandise and services exports for April–September 2026 at US$ 476.20 billion, up 13.84% from US$ 418.31 billion a year earlier.

April–September 2026

US$ billion

Growth

Merchandise exports

259.89

+18.51%

Services exports

216.31

+8.69%

Merchandise trade deficit

177.64

(156.88 a year earlier)

For September alone, total exports were estimated at US$ 80.75 billion, up 10.99% (figures as reported by A2Z Taxcorp from the release, 16 October 2026).

Which sectors and markets grew

• Electronic goods +70.44% in September, to US$ 5.31 billion.
• Engineering goods +20.91%, to US$ 12.17 billion.
• Organic and inorganic chemicals +24.21%; cotton yarn, fabrics and made-ups +20.76%.
• Exports to the United States rose 47.99% in September, even with the 10% Section 301 duty.

Why it matters

Demand for Indian goods in the US held up after the tariff changes of 2026, and electronics is now one of the fastest-growing export lines. Services exports slipped a little in September compared with a year earlier.

What to watch

The October figures, due in mid-November, will show whether this growth held. The India–New Zealand FTA has applied only since 20 October, so its effect will show up later.

Sources

• PIB: India's exports April-September 2026-27, 15 Oct 2026
• A2Z Taxcorp: India's exports rise 13.84% to US$ 476.20 billion in April-September 2026, 16 Oct 2026

Last checked: 22 October 2026.

Drafted with AI help from public sources.