At $442 billion, India's goods exports hit record high in 2025-26

NEW DELHI: India closed the past fiscal with grounds goods exports of $441.8 billion, 1% higher than the erstwhile year, contempt being weighed down by the West Asia conflict, which took a toll connected March exports.

Driven by a surge successful golden and metallic shipments, imports roseate 7.5% to $775 billion, resulting successful a commercialized shortage widening to $333 billion.The wide fig would person been higher, but for a 7.6% diminution successful exports successful March to $38.9 billion, but the commercialized shortage narrowed to a nine-month debased of $20.7 cardinal arsenic imports fell 6.4% to $59.6 billion. Overall exports, including services, roseate 4% to a grounds $860.1 billion, portion imports were 6.4% higher astatine astir $920 billion.“Bharat sets a caller export record! A substance of large pridefulness arsenic India achieves grounds exports of $860 cardinal successful FY 2025-26,” commerce and manufacture curate Piyush Goyal posted connected societal media, adding that it came contempt planetary headwinds, reflecting the country’s resilience and increasing spot successful expanding its planetary trading footprint.

Commerce caput Rajesh Agrawal said that India’s export grew faster than the planetary mean and came successful the backdrop of a pugnacious planetary situation which included steep US tariffs for a ample portion of the past fiscal twelvemonth to beryllium followed by the Iran warfare successful March.

What besides wounded exports were the debased lipid prices successful the archetypal months of past year, which muted the worth of diesel and aviation substance shipments. Non-oil exports were 3.6% higher.“We anticipation the challenges that we look contiguous volition not prolong for long, and we whitethorn person smoother commercialized crossed the satellite successful months to come,” helium said, portion banking connected commercialized deals with the UK, Oman and New Zealand to bolster exports this year. Agrawal besides said that commercialized shortage was not a large interest and higher remittances provided comfortableness connected the outer front.Record exports successful FY26 contempt West Asia hitIndia closed the past fiscal with grounds goods exports of $441.8 billion, 1% higher than the erstwhile year, contempt being weighed down by the West Asia conflict, which took a toll connected March exports. However, disruption triggered by warfare chopped India’s commercialized with West Asia implicit fractional successful March. Commerce caput Rajesh Agrawal said exports crashed 57.9% past month; imports fell 51.6%. India usually exports goods worthy astir $6bn each period to the region, but successful March it was lone astir $2.5bn.