India’s Exports Reach USD 232.73 Billion in Q1 FY27: MoC&I Data

Exam-focused facts from the 17 July 2026 current affairs briefing.

Key facts

India's total exports (merchandise and services) grew 11.37% year-on-year to USD 232.73 billion in the first quarter of FY27, as per the Ministry of Commerce and Industry (MoC&I).
The trade deficit widened to USD 37.42 billion in Q1 FY27, driven by a 17.55% rise in imports to USD 270.15 billion.
Merchandise exports increased by 15.92% to USD 129.32 billion, while non-petroleum exports rose 12.44% to USD 106.30 billion.
Among sectors, gems and jewellery exports recorded the highest growth of 34.64% in June 2026, followed by engineering goods (20.74%) and organic and inorganic chemicals (19.42%).
Services trade surplus stood at USD 49.43 billion in Q1 FY27, with exports at USD 103.41 billion and imports at USD 53.97 billion.
In June 2026, monthly exports were USD 73.45 billion (up 9.48% year-on-year), while imports surged 26.85% to USD 88.76 billion, resulting in a trade deficit of USD 15.32 billion.
Export growth was strong in markets such as South Africa, Singapore, China, Oman, and Malaysia, while imports rose significantly from Russia, China, the United States, UAE, and Taiwan.