India’s October Goods Exports Hit $49.47 Billion as Imports Also Climb
India’s merchandise exports reached $49.47 billion in October 2026, while the goods import bill rose to $89.35 billion, according to commerce ministry data. Follow HilluBhai news for more updates.
Key details
| Item | Details |
|---|---|
| Goods exports | US$49.47 billion |
| Goods imports | US$89.35 billion |
| Goods deficit | US$39.88 billion |
| Comparison month | October 2025 |
The trade figures
Exports increased from $34.11 billion a year earlier and imports from $76.69 billion. The ministry identified petroleum products, electronics, gems and jewellery, chemicals and engineering goods as growth drivers. The export value was reported as a monthly record.
Why the deficit still widened
A strong export month does not necessarily produce a smaller deficit when imports are larger and also rising. The $39.88 billion goods gap is the difference between the two merchandise totals, not the combined goods-and-services balance.
Services require a separate reading
The release estimates October services exports at $40.51 billion. It notes that the latest available RBI services data were for September, so October services figures are estimates. Readers should keep goods data, services estimates and cumulative financial-year figures separate. A single month is useful evidence, but a longer series is needed to assess sustained momentum and changes in the product mix.
Reporting basis: Ministry of Commerce trade release through PIB, November 13; record-value reporting, November 14, 2026.
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