Big Jump of 43% ($2.67bn) in
Diesel, Petrol and ATF Exports in Oct
Ø Russia
Sends $2.53bn More in Oct Mark Raising Import Bill to $22.81bn
Ø Sea
Charge in trade as Oct, Jump of $4.47bn in Crude Largely
from Russia, Refines to Mint Money Export of Petro Product Rise $8.90bn
Ø Gold
Import Rises by $3.71bn in Oct Alone, Up 206% over Sept, Good Revenue for Govt
with 10% Duty on Gold
Ø Export to
China Up 32%, UK too Rise by 33% Following FTA, Spain Doubles as Petro Product
Export Rise
Ø Electronic
Devices like Mobiles Jump
India's Exports in Oct 2026 over Sept 2026:
Commodity-wise
|
Sl. No. |
Commodity |
Sep'26 (USD mn) |
Oct'26 (USD mn) |
Difference |
% Change |
|
1 |
Engineering Goods |
12,169.23 |
12,738.75 |
569.52 |
4.68% |
|
2 |
Petroleum Products |
6,219.15 |
8,891.24 |
2,672.09 |
42.97% |
|
3 |
Electronic Goods |
5,307.70 |
6,641.71 |
1,334.01 |
25.13% |
|
4 |
Gems & Jewellery |
3,372.76 |
3,207.16 |
-165.60 |
-4.91% |
|
5 |
Organic & Inorganic Chemicals |
2,939.17 |
2,893.06 |
-46.11 |
-1.57% |
|
6 |
Drugs & Pharmaceuticals |
2,744.05 |
2,751.73 |
7.68 |
0.28% |
|
7 |
RMG of all Textiles |
1,133.90 |
1,286.82 |
152.92 |
13.49% |
|
8 |
Cotton Yarn/Fabs./made-ups,
Handloom Products etc. |
1,123.78 |
1,177.84 |
54.06 |
4.81% |
|
9 |
Rice |
963.61 |
1,037.12 |
73.51 |
7.63% |
|
10 |
Marine Products |
849.66 |
1,022.77 |
173.11 |
20.37% |
|
11 |
Plastic & Linoleum |
869.69 |
862.33 |
-7.36 |
-0.85% |
|
12 |
Meat, dairy & poultry products |
768.06 |
788.26 |
20.20 |
2.63% |
|
13 |
Man-made Yarn/Fabs./made-ups
etc. |
451.19 |
478.88 |
27.69 |
6.14% |
|
14 |
Mica, Coal & Other Ores, Minerals including
processed minerals |
485.21 |
460.91 |
-24.30 |
-5.01% |
|
15 |
Leather & leather products |
354.40 |
354.46 |
0.06 |
0.02% |
|
16 |
Spices |
327.30 |
345.62 |
18.32 |
5.60% |
|
17 |
Cereal preparations & miscellaneous processed
items |
323.25 |
342.79 |
19.54 |
6.04% |
|
18 |
Ceramic products & glassware |
273.63 |
328.30 |
54.67 |
19.98% |
|
19 |
Fruits & Vegetables |
286.26 |
295.72 |
9.46 |
3.30% |
|
20 |
Handicrafts excl. hand made
carpet |
211.40 |
242.90 |
31.50 |
14.90% |
|
21 |
Carpet |
132.76 |
149.10 |
16.34 |
12.31% |
|
22 |
Coffee |
162.16 |
138.42 |
-23.74 |
-14.64% |
|
23 |
Tobacco |
166.26 |
133.86 |
-32.40 |
-19.49% |
|
24 |
Oil Meals |
58.20 |
118.40 |
60.20 |
103.44% |
|
25 |
Tea |
100.43 |
96.57 |
-3.86 |
-3.84% |
|
26 |
Oil seeds |
75.16 |
77.19 |
2.03 |
2.70% |
|
27 |
Iron Ore |
41.68 |
60.36 |
18.68 |
44.82% |
|
28 |
Other cereals |
38.66 |
44.14 |
5.48 |
14.17% |
|
29 |
Jute Mfg. including Floor Covering |
27.80 |
31.18 |
3.38 |
12.16% |
|
30 |
Cashew |
25.12 |
28.35 |
3.23 |
12.86% |
|
Grand Total |
44,400.33 |
49,473.74 |
5,073.41 |
11.43% |
|
|
Sub-Total |
42,001.61 |
47,025.97 |
5,024.36 |
11.96% |
[Source: Academy of Business Studies from DGCIS]
India's
Imports in Oct 2026 over Sept 2026: Commodity-wise
|
Sl. No. |
Commodity |
Sep'26 (USD mn) |
Oct'26 (USD mn) |
Difference |
% Change |
|
1 |
Petroleum, Crude & products |
18,344.55 |
22,819.50 |
4,474.95 |
24.39% |
|
2 |
Electronic goods |
14,857.81 |
14,321.82 |
-535.99 |
-3.61% |
|
3 |
Machinery, electrical & non-electrical |
5,712.52 |
6,342.80 |
630.28 |
11.03% |
|
4 |
Gold |
1,800.39 |
5,511.60 |
3,711.21 |
206.13% |
|
5 |
Transport equipment |
3,718.54 |
4,374.16 |
655.62 |
17.63% |
|
6 |
Non-ferrous metals |
2,878.93 |
3,458.89 |
579.96 |
20.14% |
|
7 |
Coal, Coke & Briquettes, etc. |
2,536.00 |
3,103.77 |
567.77 |
22.39% |
|
8 |
Organic & Inorganic Chemicals |
2,798.82 |
3,060.94 |
262.12 |
9.37% |
|
9 |
Artificial resins, plastic materials, etc. |
2,352.28 |
2,659.54 |
307.26 |
13.06% |
|
10 |
Vegetable Oil |
1,968.13 |
2,487.15 |
519.02 |
26.37% |
|
11 |
Fertilisers, Crude & manufactured |
1,839.18 |
2,438.77 |
599.59 |
32.60% |
|
12 |
Iron & Steel |
1,764.11 |
2,011.26 |
247.15 |
14.01% |
|
13 |
Silver |
665.08 |
1,951.16 |
1,286.08 |
193.37% |
|
14 |
Metaliferrous ores & other minerals |
1,552.43 |
1,944.48 |
392.05 |
25.25% |
|
15 |
Pearls, precious & Semi-precious stones |
2,158.06 |
1,700.27 |
-457.79 |
-21.21% |
|
16 |
Chemical material & products |
1,179.03 |
1,441.42 |
262.39 |
22.25% |
|
17 |
Professional instrument, Optical goods, etc. |
941.01 |
948.04 |
7.03 |
0.75% |
|
18 |
Medcnl. & Pharmaceutical products |
768.42 |
876.01 |
107.59 |
14.00% |
|
19 |
Machine tools |
646.45 |
692.91 |
46.46 |
7.19% |
|
20 |
Wood & Wood products |
560.19 |
605.08 |
44.89 |
8.01% |
|
21 |
Dyeing/tanning/colouring mtrls. |
450.65 |
528.02 |
77.37 |
17.17% |
|
22 |
Fruits & vegetables |
431.19 |
487.09 |
55.90 |
12.96% |
|
23 |
Cotton Raw & Waste |
300.75 |
453.04 |
152.29 |
50.64% |
|
24 |
Pulses |
246.15 |
387.35 |
141.20 |
57.36% |
|
25 |
Sulphur & Unroasted Iron Pyrts |
125.99 |
316.91 |
190.92 |
151.54% |
|
26 |
Textile yarn Fabric, made-up articles |
251.89 |
280.04 |
28.15 |
11.18% |
|
27 |
Pulp and Waste paper |
175.10 |
195.84 |
20.74 |
11.84% |
|
28 |
Leather & leather products |
89.29 |
93.26 |
3.97 |
4.45% |
|
29 |
Project goods |
29.18 |
71.07 |
41.89 |
143.56% |
|
30 |
Newsprint |
23.48 |
29.48 |
6.00 |
25.55% |
|
Grand Total |
74,610.22 |
89,350.30 |
14,740.08 |
19.76% |
|
|
Sub-Total |
71,165.59 |
85,591.68 |
14,426.09 |
20.27% |
[Source: Academy of
Business Studies from DGCIS]
India's
Exports in Oct 2026 over Sept 2026: Country-wise
|
Sl. No. |
Country |
Sep'26 |
Oct'26 |
Difference |
Change in % |
|
1 |
USA |
8,028.46 |
8,720.30 |
691.84 |
8.62% |
|
2 |
U Arab Emts |
3,131.89 |
3,279.16 |
147.27 |
4.70% |
|
3 |
Spain |
1,195.26 |
2,425.59 |
1,230.33 |
102.93% |
|
4 |
China P RP |
1,806.48 |
2,387.81 |
581.33 |
32.18% |
|
5 |
Singapore |
1,670.77 |
2,105.10 |
434.33 |
26.00% |
|
6 |
Malaysia |
1,233.39 |
1,605.64 |
372.25 |
30.18% |
|
7 |
UK |
1,166.84 |
1,552.13 |
385.29 |
33.02% |
|
8 |
Hong Kong |
1,322.81 |
1,313.98 |
-8.83 |
-0.67% |
|
9 |
South Africa |
896.97 |
1,264.90 |
367.93 |
41.02% |
|
10 |
Germany |
1,008.84 |
1,095.53 |
86.69 |
8.59% |
|
11 |
Bangladesh PR |
1,007.38 |
1,074.10 |
66.72 |
6.62% |
|
12 |
Netherland |
1,400.97 |
878.10 |
-522.87 |
-37.32% |
|
13 |
Saudi Arab |
798.41 |
867.36 |
68.95 |
8.64% |
|
14 |
Brazil |
861.62 |
842.19 |
-19.43 |
-2.26% |
|
15 |
Nepal |
820.78 |
784.42 |
-36.36 |
-4.43% |
|
16 |
Tanzania Rep |
625.42 |
682.98 |
57.56 |
9.20% |
|
17 |
Japan |
683.11 |
675.73 |
-7.38 |
-1.08% |
|
18 |
Italy |
698.8 |
631.57 |
-67.23 |
-9.62% |
|
19 |
Sri Lanka DSR |
464.7 |
518.31 |
53.61 |
11.54% |
|
20 |
Australia |
438.43 |
516.02 |
77.59 |
17.70% |
|
|
Grand Total |
44,400.33 |
49,473.74 |
5,073.41 |
11.43% |
|
|
Sub-Total |
29,261.32 |
33,220.94 |
3,959.62 |
13.53% |
[Source: Academy of Business Studies from DGCIS]
India's
Imports in Oct 2026 over Sept 2026: Country-wise
|
Sl. |
Country |
Sep'26 (USD mn) |
Oct'26 (USD mn) |
Difference |
% Change |
|
1 |
China P RP |
14,863.69 |
16,263.85 |
1,400.16 |
9.42% |
|
2 |
Russia |
5,863.36 |
8,385.17 |
2,521.81 |
43.01% |
|
4 |
U Arab Emts |
6,974.12 |
7,367.34 |
393.22 |
5.64% |
|
3 |
USA |
4,238.12 |
5,832.22 |
1,594.10 |
37.61% |
|
6 |
Saudi Arab |
2,490.31 |
3,500.10 |
1,009.79 |
40.55% |
|
10 |
Indonesia |
2,150.97 |
2,597.49 |
446.52 |
20.76% |
|
7 |
Singapore |
2,782.40 |
2,548.56 |
-233.84 |
-8.40% |
|
5 |
Korea RP |
2,665.86 |
2,492.20 |
-173.66 |
-6.51% |
|
8 |
Hong Kong |
3,060.39 |
2,428.73 |
-631.66 |
-20.64% |
|
13 |
Malaysia |
1,526.33 |
2,384.96 |
858.63 |
56.25% |
|
17 |
Switzerland |
893.19 |
2,264.25 |
1,371.06 |
153.50% |
|
9 |
Japan |
1,687.06 |
2,034.79 |
347.73 |
20.61% |
|
11 |
Germany |
1,936.57 |
2,010.58 |
74.01 |
3.82% |
|
12 |
Oman |
2,016.82 |
1,785.80 |
-231.02 |
-11.45% |
|
19 |
Australia |
1,141.77 |
1,459.43 |
317.66 |
27.82% |
|
15 |
Thailand |
1,187.19 |
1,433.99 |
246.80 |
20.79% |
|
16 |
Brazil |
890.09 |
1,325.97 |
435.88 |
48.97% |
|
14 |
Taiwan |
1,171.35 |
1,267.85 |
96.50 |
8.24% |
|
18 |
Vietnam Soc Rep |
1,091.99 |
1,155.75 |
63.76 |
5.84% |
|
20 |
Nigeria |
774.81 |
718.96 |
-55.85 |
-7.21% |
|
Grand Total |
74,610.22 |
89,350.30 |
14,740.08 |
19.76% |
|
|
Sub-Total |
59,406.38 |
69,258.01 |
9,851.63 |
16.58% |
[Source: Academy of Business Studies from DGCIS]
India’s
merchandise exports surged 45% year-on-year in October 2026 to an all-time
monthly high of $49.47 billion, driven by strong demand for petroleum products (+140%),
electronics (+62%), and engineering goods (+36%), alongside lower US tariffs
and a weaker rupee. However, soaring crude oil prices amid the Iran war pushed
total imports up 16% to a five-year high of $89.35 billion, despite a sharp
drop in festive gold and silver purchases. This resulted in a goods trade
deficit of $39.88 billion—the widest of the calendar year, though slightly
lower than the $42.58 billion gap recorded in October last year.
A
sharp surge in electronic and petroleum products exports drove India’s goods
exports to its highest level ever of $50 billion in October, while record high
crude oil prices amid the Iran war also took imports to a five-year high of $90
billion, driving the goods trade deficit to $40 billion, the highest during the
calendar year, according to data released Friday by the Ministry of Commerce
and Industry.
Goods
exports rose 45% in October to $49.47 billion from $34.11 billion, while
imports jumped 16% to $89.35 billion from $76.69 billion. This drove the trade gap
to $39.88 billion, marginally lower than the goods trade gap of $42.58 billion
in October last year. This comes as a combination of factors, including a weak
rupee and lower US tariffs, has been helping exports log strong growth during
the last two quarters.
While
high oil prices amid the Iran war dominated goods trade, India’s non-oil
exports also surged, with non-oil, non-gems and jewellery exports up nearly 32%
to $37.38 billion from $28.11 billion. The imports in the category also surged
by 21% to $ 51.64 billion compared to $42.33 billion in October last year.
With
much lower tariffs compared to last year, goods exports to the US registered a
steep jump of 39.3% to $8.72 billion compared to $6.26 billion in October last
year. Meanwhile, imports from Russia and China also rose sharply by 74% and
46%, respectively.
Commerce
Secretary Rajesh Agrawal said the merchandise exports have registered a new
peak. “This is the highest-ever monthly merchandise export value, along with
the highest monthly growth of 45.06% in the last five years. The total exports
are also estimated at $89.99 billion in October 2026, which is again the
highest-ever monthly export value. We have not achieved $89.99 billion ever
till now in any month. This is also the third-highest monthly growth rate of
29.90% in the last five years.”
Agrawal
said the encouraging part of the growth is that it is not confined to any
particular sector or geography.
Data
showed petroleum goods purchases surged 54% to $22.81 billion, making up the
highest category-wise imports. Electronic goods imports
also surged by 49.95% to 14.31 billion in October this year compared to October
2025. Petroleum products exports, meanwhile, surged 140% to $8.89 billion and
electronic goods exports surged 62% to $6.64 billion.
While
oil and electronic goods imports rose, gold and silver imports slipped despite
the festive season. Gold imports slipped 62% to $5.51 billion compared to
$14.71 billion, and silver imports declined 28.26% to $1.91 billion in October
this year against $2.71 billion in October 2025.
India,
the world’s third-largest oil consumer, has seen its import costs jump amid
disruptions in the backdrop of the war in West Asia. New Delhi imports nearly
85 per cent of its oil needs. Brent crude futures have fallen to around $92 a
barrel from around $115 a barrel in October.
Federation
of Indian Export Organisations (FIEO) President S C Ralhan said exports to the
US grew 39%, China 48% and Japan 45%, while shipments to the UK, Taiwan and
Kenya rose by more than 50%.
“The
gains across established and emerging markets underline the importance of
market diversification. Exporters must build on these opportunities through
stronger buyer relationships, competitive products and greater utilisation of
preferential access under India’s Free Trade Agreements,” Ralhan said.
Pankaj
Chadha, Chairman, Engineering Exports Promotion Council (EEPC), said
engineering goods exports also jumped 36% in October and that the engineering
goods sector has maintained consistent performance despite many odds.
“The
free trade pacts India has signed with many key trade partners have opened new
avenues for growth. We see strong opportunities ahead as new FTAs are signed
with the European Union and other trade blocs,” Chadha said.