New Delhi, Aug 14
India's merchandise exports registered a 7.29 per cent increase to $37.24 billion in July this year, compared with the corresponding figure of $34.71 billion in the same month last year, according to official data released on Thursday.
"Despite an uncertain global policy environment, India's services and merchandise exports in July and in FY26 so far have grown substantially, and are much higher than the global exports growth," Commerce Secretary Sunil Barthwal said.
"Major drivers of goods exports in July were engineering goods, electronics goods, drugs and pharma, organic and inorganic chemicals, gems and jewellery,” he pointed out.
The surge in goods exports is also due to stepped-up shipments ahead of the higher US tariffs that will kick in from later in August.
Imports also increased by 8.6 per cent year-on-year to $64.59 billion during the month. The country’s trade deficit stood at $27.35 billion in the month, according to the data.
During April-July 2025-26 of the current financial year, exports have now registered an increase of 3.07 per cent to $149.2 billion, while imports have risen by 5.36 per cent to $244.01 billion during this period.