India's exports reached by 4.22 percent to USD 860.09 billion in the fiscal year 2025–2026, while imports increased at a faster rate of 6.47 percent to over USD 970 billion, exacerbating the country's total trade deficit, according to data given by Commerce Secretary Rajesh Agrawal.
From USD 825.26 billion in 2024–2025 to USD 860.09 billion in 2025–2026, the data indicates that overall exports rose. In the meantime, imports increased to over USD 970 billion from USD 919.92 billion in the preceding fiscal year.
As a result, compared to USD 94.66 billion in 2024–25, the total trade imbalance (merchandise and services combined) increased to USD 119.30 billion in 2025–26.
From USD 437.70 billion to USD 441.78 billion, merchandise exports showed a slight increase. However, due to increased inbound shipments, merchandise imports increased more dramatically to USD 774.98 billion from USD 721.20 billion.
Services exports, which increased to USD 418.31 billion in 2025–2026 from USD 387.55 billion in 2024–2025, continued to be a significant component of India's foreign trade. Additionally, imports of services rose marginally from USD 198.72 billion to USD 204.42 billion.
Excluding for petroleum, jewelry, and jewels, trade remained largely balanced. In this area, imports increased to USD 702.98 billion from USD 653.31 billion, while exports jumped to USD 777.98 billion from USD 732.05 billion. The trade surplus, however, decreased somewhat from USD 78.74 billion to USD 75.00 billion, a decrease of USD 3.74 billion.
Imported gold witnessed a decrease in quantity but an increase in value among important commodities. While the amount decreased from 757.09 tonnes to 721.03 tonnes, the value of gold imports rose from USD 58.01 billion in 2024–2025 to USD 71.98 billion in 2025–2026. The unit value increased from USD 76,617.48 per kg to USD 99,825.38 per kg, indicating that the increase was primarily caused by higher pricing.
On the other hand, imports of silver saw a significant rise in both volume and value. The quantity increased from 5,164.37 tonnes to 7,334.96 tonnes, while the value increased from USD 4.83 billion to USD 12.05 billion. Additionally, the unit value rose dramatically, from USD 934.72 to USD 1,642.93 per kilogram.
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