19/08/2026
🚨 INDIA’S MERCHANDISE TRADE DEFICIT REACHES US$ 118.60 BILLION 🇮🇳🌍
India’s merchandise exports continued their strong performance during April–July 2026-27, reaching US$ 173.78 billion, a remarkable 17.04% increase over the same period last year.
However, faster import growth pushed the merchandise trade deficit to US$ 118.60 billion.
📊 KEY TRADE HIGHLIGHTS
🔹 Merchandise Exports: US$ 173.78 Bn | 📈 17.04% Growth
🔹 Merchandise Imports: US$ 292.38 Bn | 📈 19.27% Growth
🔹 Trade Deficit: US$ 118.60 Bn
🔹 Services Exports: US$ 142.64 Bn | 📈 6.38% Growth
🔹 Overall Exports: US$ 316.42 Bn | 📈 13.16% Growth
🔹 Services Trade Surplus: US$ 69.17 Bn
🚀 JULY 2026 EXPORT DRIVERS
📌 Petroleum Products: +67.64% | US$ 6.92 Bn
📌 Electronic Goods: +57.40% | US$ 5.92 Bn
📌 Engineering Goods: +17.71% | US$ 12.24 Bn
📌 Chemicals: +14.39% | US$ 2.80 Bn
🌍 KEY EXPORT MARKETS
India’s export momentum was supported by growing trade with Singapore, China, Tanzania, South Africa and Sri Lanka.
💡 The Big Picture:
Despite the widening merchandise deficit, strong export growth and a US$ 69.17 billion services surplus continue to provide important support to India's overall trade position.
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