India, in Infographics: Trade

India’s Trade, Month By Month: Exports Versus Imports

Thirty-Six Months Of India’s Trade, September 2023 To August 2026 — Each Month, Two Stacked Bars: Exports (Merchandise In Red, Services In Yellow) And Imports (Merchandise In Blue, Services In Green). The Figure Above Each Bar Is Its Merchandise Year-On-Year Growth; Hover For All Four Series.

August 2026 Was The Strongest Export Month In These Three Years — $82.7bn Of Goods And Services Shipped Out, Up 25% On A Year Earlier, With Merchandise Exports Jumping 26% And Services 25%. Across March–August 2026, India Exported $479bn, Up 13% Year-On-Year — Momentum That Held Through A Turbulent Run Of Tariffs And Soft Global Demand.

$82.7bn

Total Exports, Aug 2026

+25% YoY — A Three-Year High

$479bn

Exports, Mar–Aug 2026

+13% Over The Same Six Months Of 2025

$17.5bn

Services Surplus, Aug 2026

Offsets Most Of The Goods Gap

$26.9bn

Goods Trade Deficit, Aug 2026

Crude Oil, Electronics And Gold

Merch ExportsServices ExportsMerch ImportsServices ImportsOverall Trade Deficit

India’s Top 20 Merchandise Export CategoriesUS$ Billion · HS Commodity Chapters · May–July 2026

The Three Most Recently Finalised Months Of DGCI&S Customs Data, Ranked By July 2026. % Is July Year-On-Year Growth. Source: DGCI&S Monthly Export-Import Data Bank.

#	Category	May	Jun	Jul	Jul YoY
1	Petroleum & Mineral FuelsHS 27	8.32	4.77	7.21	+62.0%
2	Electronics & ElectricalsHS 85	5.66	5.44	6.33	+46.6%
3	Machinery & Mechanical AppliancesHS 84	3.33	3.49	4.05	+24.4%
4	Vehicles & Auto PartsHS 87	2.41	2.32	2.46	+12.6%
5	Gems, Jewellery & Precious StonesHS 71	2.55	2.42	2.34	-2.6%
6	PharmaceuticalsHS 30	2.08	2.23	2.14	-0.8%
7	Organic ChemicalsHS 29	1.92	1.96	1.94	+17.0%
8	Iron & SteelHS 72	0.97	1.11	1.27	+58.4%
9	Articles Of Iron & SteelHS 73	0.84	0.86	0.95	-5.4%
10	Cereals (Rice & Wheat)HS 10	1.12	1.08	0.89	-5.5%
11	Plastics & ArticlesHS 39	0.86	0.80	0.80	+12.0%
12	Aluminium & ArticlesHS 76	0.80	0.82	0.77	+42.2%
13	Miscellaneous ChemicalsHS 38	0.64	0.67	0.69	+2.5%
14	Apparel & Clothing (Knitted)HS 61	0.63	0.58	0.66	-9.4%
15	Apparel & Clothing (Woven)HS 62	0.67	0.58	0.62	+1.5%
16	Optical, Medical & Precision InstrumentsHS 90	0.55	0.53	0.61	+24.7%
17	Meat & Edible OffalHS 02	0.55	0.50	0.60	+49.0%
18	CottonHS 52	0.52	0.53	0.58	+19.3%
19	Made-Up TextilesHS 63	0.50	0.52	0.57	-0.7%
20	Fish & SeafoodHS 03	0.56	0.58	0.57	+2.9%

Two Stacked Bars Per Month — Exports (Merchandise + Services) And Imports (Merchandise + Services), US$ Billion, September 2023 To August 2026. Hover Any Month For All Four Series And Their Year-On-Year Growth. Merchandise: DGCI&S Customs. Services: RBI (Receipts / Payments). Latest Two Months Provisional; August 2026 Services Is A Commerce Estimate.

Merch Exports, Aug 2026

$43.8bn

Up 26% Year-On-Year — The Red Base Of Each Export Bar.

Services Exports, Aug 2026

$38.9bn

Now Nearly As Large As Goods Exports — And Growing Faster.

Merch Imports, Aug 2026

$70.7bn

The Blue Base Of Each Import Bar — India’s Largest Flow.

Services Imports, Aug 2026

$21.4bn

The Smallest Of The Four — Leaving A Wide Services Surplus.

What The Numbers Say

Two Bars, One Story. Read Left To Right, The Export Bars (Red + Yellow) Have Climbed Steadily, With Services (Yellow) Swelling Into Almost Half The Stack — India Now Sells The World Nearly As Much In Software, Business And Travel Services As In Goods. The Import Bars (Blue + Green) Stay Taller, Held Up By A Large Merchandise Bill (Crude Oil, Electronics, Gold). The Gap Between The Two Bars Each Month Is India’s Overall Trade Deficit — Wide On Goods, Cushioned By The Services Surplus. The YoY Figures Above The Bars Show Where The Momentum Is: Services Exports And, Lately, A Surge In Both Goods Flows.

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How This Was Built

Merchandise

DGCI&S Customs Monthly Exports And Imports, US$ Billion, As Released By The Department Of Commerce (PIB Monthly Foreign-Trade Statements). Figures Are Provisional For The Latest Two Months And Revised In Later Releases.

Services

RBI’s Monthly Data On India’s International Trade In Services (Receipts = Exports, Payments = Imports). Provisional And Revised With The Quarterly Balance Of Payments; The Monthly Values Sum To The RBI Quarterly Totals. August 2026 Services Are A Commerce Estimate, As RBI’s August Figure Was Not Yet Published.

Sources: DGCI&S / Department Of Commerce Monthly Foreign-Trade Statements (Merchandise); RBI Monthly Data On India’s International Trade In Services And Balance Of Payments (Services). Retrieved 16 September 2026.