Overview
- Official data show merchandise exports rose 1.86% year-on-year to $38.51 billion, while imports increased 8.7% to $63.55 billion.
- Services exports were estimated at $35.50 billion against $17.38 billion of services imports, yielding an $18.12 billion surplus.
- Electronics, pharmaceuticals, marine products and select engineering goods led the export gains through April–December, lifting merchandise exports 2.44% to $330.29 billion.
- The United States, the UAE and China were the top April–December destinations, with shipments to China up 36.68% and to the US up 9.75% from a year earlier.
- Commerce Secretary Rajesh Agrawal projected combined goods and services exports could exceed $850 billion in FY26, and officials said US trade discussions continue without a deadline.