India’s goods exports jumped 19.5% to $44.2 billion in July 2026, marking their fastest growth in over four years. The Commerce Ministry reported the rise from New Delhi, as petroleum products, electronics and engineering goods lifted shipments across global markets.
Imports also rose 17.4% to $76.2 billion during July, taking the trade deficit to nearly $32 billion. Higher demand for Indian goods supported exports, while rising imports kept pressure on the trade balance.
Commerce Secretary Rajesh Agrawal said, “We are seeing diversification of our export basket, which will help in the long run.”
Petroleum exports jumped 67.6% to $6.9 billion as several Asian countries needed more fuel supplies. Higher global prices also helped raise the value of Indian petroleum shipments.
Electronics exports rose 57% to $5.9 billion during July, showing stronger demand for Indian-made electronic products. Engineering goods exports also grew 17.7% to $12.2 billion during the month.
These three sectors together made up nearly 57% of India’s total goods exports during July. The growth shows stronger demand for Indian products across several important industries.
Exports to China jumped nearly 65% to $2.2 billion, while shipments to the US increased 13% to $9 billion. West Asia also recovered, with exports rising 8.6% to $5.7 billion.
Imports remained a concern as electronics imports jumped 46% to $14.4 billion during July. Crude oil imports also rose 17.6% to $18.3 billion during the month.
The July figures show strong export growth, although the widening trade deficit remains an important concern for India’s economy.
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