India’s Goods Exports Rise 15% in Early 2026-27

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

UN Trade and Development projected a broad deceleration in global economic growth and merchandise trade volumes for 2026 because of geopolitical risks. The United States recorded goods exports of US$221.3 billion in April 2026, with capital goods and crude oil contributing to the increase.