India October exports of goods reached $49.47 billion, the highest figure for any single month, according to Commerce Ministry data released on 13 November 2026. Total exports of goods and services rose 29.9% to $89.99 billion, while the overall trade deficit narrowed to $20.09 billion.
The Ministry of Commerce and Industry released the figures on Friday, 13 November 2026. Commerce Secretary Rajesh Agrawal said October’s merchandise export value was the highest ever recorded for a single month. Goods exports were about 45% higher than the $34.11 billion shipped in October 2025.
How strong were India October exports in 2026?
Merchandise (goods) exports were $49.47 billion, against $34.11 billion a year earlier. Merchandise imports were $89.35 billion, leaving a goods trade deficit of $39.88 billion, down from $42.58 billion in October 2025.
Services exports were $40.51 billion and services imports were $20.72 billion, a services surplus of nearly $20 billion. Adding goods and services together, total exports were $89.99 billion, up 29.9% from $69.27 billion in October 2025. Total imports were $110.07 billion, up from $94.42 billion.
How much did the overall trade deficit narrow?
The combined deficit for goods and services was $20.09 billion in October 2026, compared with $25.15 billion in October 2025. The services surplus offset about half of the goods deficit, which is why the overall gap is much smaller than the goods gap alone.
Market and Trade Reaction
No market or industry-body reaction to the October trade data was found in the sources reviewed at the time of writing. The release comes as India and the United States continue talks on a trade agreement, but the sources reviewed did not link the October export figures to those talks.
What Happens Next?
The Commerce Ministry publishes trade data monthly, so the November 2026 figures will show whether exports hold at this level. Exporters and policymakers will also be watching the outcome of the ongoing India-US trade talks, which could affect shipments to India’s largest export market.
Frequently Asked Questions
What were India’s merchandise exports in October 2026?
India’s merchandise exports were $49.47 billion in October 2026, about 45% higher than the $34.11 billion in October 2025, according to Commerce Ministry data.
What was India’s overall trade deficit in October 2026?
The overall trade deficit, covering goods and services, was $20.09 billion, narrower than $25.15 billion a year earlier.
How much were India’s total exports of goods and services?
Total exports were $89.99 billion in October 2026, up 29.9% from $69.27 billion in October 2025.
Source: Newsgram, 14 November 2026; Upstox, 13 November 2026 (Ministry of Commerce and Industry data).
Leave a comment