NEW DELHI: India’s cumulative exports of merchandise and services grew by 14.66% to an estimated USD 162.69 billion during April-May of 2026-27, compared with USD 141.89 billion in the corresponding period of the previous fiscal, according to official data.
The country’s merchandise exports registered a strong performance during the first two months of the financial year, rising 16.09% to USD 88.91 billion from USD 76.59 billion recorded during April-May 2025-26, according to an official statement.
Non-petroleum exports also maintained positive momentum, increasing by 10.49% to USD 70.74 billion during the period, compared with USD 64.03 billion a year earlier.
Several key sectors contributed to the growth in merchandise exports during May 2026. Petroleum products emerged as the leading driver, with exports surging 54.89% to USD 8.42 billion from USD 5.44 billion in May 2025.
Engineering goods exports rose by 24.48% to USD 12.31 billion, up from USD 9.89 billion in the corresponding month last year.
Exports of organic and inorganic chemicals increased by 12.71% to USD 2.72 billion, while electronic goods exports grew by 11.62% to USD 5.10 billion.
The gems and jewellery sector also recorded positive growth, with exports rising 6.66% to USD 2.53 billion in May 2026 from USD 2.38 billion in May 2025.
Major drivers of merchandise export growth in May 2026 included petroleum products, engineering goods, organic and inorganic chemicals, electronic goods, and gems and jewellery.
