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Informist, Friday, Nov. 13, 2026

 

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--Trade secy: Oct merchandise exports $49.47 bln 
--Trade secy: India total exports $89.99 bln Oct 
--Trade secy: Growth in exports broad based 
--Trade secy: Strong growth in exports to bigger mkts like China, US in Oct 
--Trade secy: Trade in West Asia in positive trajectory Oct 
--India Oct merchandise imports $89.35 bln vs $76.69 bln year ago 
--India Oct merchandise trade deficit $39.88 bln vs $42.58 bln year ago 
--India Oct merchandise exports $49.47 bln vs $34.11 bln year ago 
--Govt: India Oct services trade exports $40.51 bln vs $35.17 bln year ago 
--Govt: India Oct services trade imports $20.72 bln vs $17.73 bln year 
--Govt: India Oct services trade surplus $19.79 bln vs $17.44 bln year ago 
--India Apr-Oct merchandise imports $527.21 bln vs $452.86 bln year ago 
--India Apr-Oct services imports $134.98 bln vs $117.98 bln year ago 
--India Apr-Oct non-oil imports $390.56 bln vs $345.98 bln year ago 
--India Apr-Oct non-oil exports $259.22 bln vs $219.66 bln year ago 
--India Apr-Oct merchandise exports $309.06 bln vs $253.40 bln year ago 
--India Apr-Oct services exports $259.78 bln vs $234.18 bln year ago 
--India Apr-Oct merchandise trade deficit $218.15 bln vs $199.46 bln year ago 
--India Apr-Oct imports from China $96.61 bln vs $73.96 bln year ago 
--India Apr-Oct imports from Russia $55.67 bln vs $35.96 bln year ago 
--India Apr-Oct imports from US $38.51 bln vs $30.18 bln year ago 
--India Apr-Oct exports to China $13.77 bln vs $10 bln year ago 
--India Apr-Oct oil imports $136.65 bln vs $106.89 bln year ago 
--India Apr-Oct gold imports $24.78 bln vs $41.24 bln year ago 
--India Apr-Oct electronic goods imports $95.64 bln vs $65.66 bln year ago 
--India Apr-Oct petroleum product exports $49.84 bln vs $33.74 bln year ago 
--India Apr-Oct engineering goods exports $83.61 bln vs $68.54 bln year ago 
--India Apr-Oct electronic goods exports $38.61 bln vs $26.28 bln year ago

 

NEW DELHI – India's merchandise trade deficit in October widened to a one-year high mainly because of higher imports of petroleum products and electronic goods. According to data released by the commerce ministry Friday, India's goods trade deficit in October was $39.88 billion. However, the goods trade deficit was down 6.4% on year.

 

The trade deficit in October was higher than $30.21 billion a month ago. Economists at State Bank of India had estimated the trade deficit in October at $33.3 billion.

 

Goods exports rose nearly 45% on year to $49.47 billion in October. India's imports jumped nearly 17% to an all-time high of $89.35 billion last month. In September, India had exported goods worth $44.40 billion and imported goods worth $74.61 billion.

 

The services trade surplus rose 13.5% on year to $19.79 billion in October due to a rise of over 15% in services exports to $40.51 billion. Services trade imports rose almost 17% on year to $20.72 billion last month.

 

The overall trade -- goods and services -- deficit narrowed over 20% on year to $20.08 billion in October, with overall imports growing nearly 17% on year to $110.07 billion. Overall exports rose almost 30% on year to $89.99 billion.

 

For Apr-Oct, India's merchandise trade deficit widened over 9% on year to $218.15 billion. Merchandise imports rose over 16% on year to $527.21 billion and exports grew almost 22% on year to $309.06 billion. The rise in India's merchandise imports in Apr-Oct was also mainly because of higher inbound shipments of petroleum products and electronic goods.

 

India's exports to bigger markets like China and the US rose strongly in October, Commerce Secretary Rajesh Agrawal said Friday. China continued to be India's biggest import source nation in Apr-Oct, with goods imports of $96.61 billion. Imports from Russia rose to $55.67 billion in Apr-Oct from $35.96 billion a year ago.

 

Imports from the US were at $38.51 billion in Apr-Oct, up from $30.18 billion in the year-ago period. Outbound shipments to the US rose to $59.52 billion during the period under review from $51.99 billion a year ago.

 

Outbound shipments to China increased to $13.77 billion in Apr-Oct from $10.00 billion in the corresponding period a year ago. Outbound shipments to Singapore rose to $13.14 billion from $6.33 billion in the year-ago period.

 

Trade in West Asia registered positive growth despite the war in the region, which is now in its ninth month, Agrawal said. India's exports to West Asia rose to $5.73 billion in October from $5.51 billion a year ago. Inbound shipments from West Asia also rose to $16.20 billion last month from $15.9 billion a year ago. However, exports to the United Arab Emirates fell to $19.97 billion from $22.06 billion a year ago.

 

India imported crude oil worth $136.65 billion during Apr-Oct, higher than $106.89 billion a year ago. Non-petroleum merchandise imports rose by nearly 13% in Apr-Oct to $390.56 billion. Non-petroleum merchandise exports grew 18% on year to $259.22 billion in Apr-Oct. Within non-oil imports, electronic goods imports surged to $95.64 billion from $65.66 billion in the year-ago period. However, gold inbound shipments amounted to $24.78 billion in the first seven months of the current financial year, down from $41.24 billion in the year-ago period.

 

During Apr-Oct, India's exports of petroleum products rose to $49.84 billion from $33.74 billion in the corresponding period a year ago. Electronic goods exports increased to $38.61 billion during the period, from $26.28 billion worth of such goods exported in the year-ago period. Exports of engineering goods were $83.61 billion in the seven months ended October, up from $68.54 billion in the corresponding period a year ago.  End

 

US$1 = INR 94.24

 

Reported by Pratiksha, Radhika Tiwari, and Shweta

Edited by Rajeev Pai

 

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