India’s Total Exports Reach $80.75 Billion in September, Up 13.84% in First Half of FY27
Merchandise and Services Exports Rise as India Records Growth Across Major Export Destinations
India’s total merchandise and services exports reached an estimated $80.75 billion in September 2026, registering a 10.99% increase compared with September 2025, according to government data reported on October 15. For April–September of FY2026–27, cumulative exports are estimated at $476.20 billion, up 13.84% from $418.31 billion in the corresponding period of the previous financial year.
Merchandise Exports Increase in April–September
The cumulative value of merchandise exports during April–September FY2026–27 stood at $259.89 billion, compared with $219.30 billion in April–September FY2025–26, registering growth of 18.51%.
The estimated value of merchandise exports for September 2026 was not specified separately in the supplied report extract.
Services Exports and Trade Surplus
The estimated value of services exports in September 2026 was $36.35 billion, compared with $36.67 billion in September 2025.
For April–September FY2026–27, services exports are estimated at $216.31 billion, against $199.02 billion in the same period of FY2025–26.
The estimated services trade surplus for April–September FY2026–27 reached $102.71 billion, compared with $98.77 billion in the corresponding period of the previous financial year.
Imports Also Register Growth
India’s total merchandise and services imports for September 2026 were estimated at $94.05 billion, representing an increase of 8.19% compared with September 2025.
The figures indicate growth in both exports and imports during the month, with total exports continuing to rise on a year-on-year basis.
Major Export Destinations Record Growth
The top five export destinations showing positive growth in value terms during September 2026 were:
- United States: 47.99%
- Singapore: 16.916%
- Malaysia: 19.69%
- Egypt: 9.009%
- China: 24.05%
For April–September FY2026–27, the top five export destinations recording positive growth compared with the corresponding period of FY2025–26 were:
- Singapore: 103.05%
- United States: 11.11%
- China: 36.07%
- Tanzania: 12.251%
- Malaysia: 82.85%
The figures point to increased export values across several major markets during the first six months of FY2026–27.