India’s merchandise exports surge 45 pc to USD 49.47 bn in October
New Delhi, Nov 13 (TNT): India’s merchandise exports registered a sharp growth of 45.06 per cent to USD 49.47 billion in October 2026, compared to USD 34.11 billion in the corrresponding period in last year, with shipments increasing in 43 of the country’s top 50 export markets, according to the Federation of Indian Export Organisations (FIEO).
Overall exports, including merchandise and services, were estimated at USD 89.99 billion during October, registering a growth of 29.90 per cent, according to data released by the Ministry of Commerce and Industry.
Welcoming the export performance, FIEO President S C Ralhan said the growth reflected the resilience of Indian exporters and their ability to tap opportunities in global markets despite continuing trade uncertainties.
Exports to China increased by 48 per cent, the US by 39 per cent and Japan by 45 per cent, while shipments to the UK, Taiwan and Kenya recorded growth of over 50 per cent.
Exports to Spain surged by 352 per cent, while shipments to Malaysia, Togo, Singapore and Egypt more than doubled.
The growth was driven by engineering goods, petroleum products, electronics, chemicals, drugs and pharmaceuticals, gems and jewellery, textiles and apparel, rice, and plastics and linoleum.
Exports to West Asia also registered a positive growth of 3.98 per cent.
Cumulative exports of merchandise and services during April-October 2026-27 were estimated at USD 568.84 billion, registering a growth of 16.66 per cent over USD 487.59 billion in the corresponding period of the previous financial year.
Ralhan said sustained export growth during the first seven months had strengthened confidence in India’s export capabilities and provided positive momentum towards achieving the country’s USD one trillion export target.
He stressed the need for affordable export credit, lower transaction costs and efficient logistics to maintain the growth momentum, particularly for micro, small and medium enterprises (MSMEs).
FIEO also noted that the combined merchandise and services trade deficit narrowed to USD 20.09 billion in October from USD 25.15 billion a year earlier. However, the merchandise trade deficit widened to USD 39.88 billion due to higher imports. Ralhan said greater market diversification, stronger buyer relationships and effective utilisation of preferential access under India’s free trade agreements would be crucial to sustaining export growth and expanding the country’s global market share.
TNT KM
