New Delhi, 13 November (H.S.): India's overall exports, comprising merchandise and services, registered an impressive growth of nearly 30 per cent in October, reaching USD 89.99 billion. Exports stood at USD 69.27 billion during the corresponding month last year. Meanwhile, the country's overall trade deficit narrowed to USD 20.09 billion, compared with USD 25.15 billion in October last year. The strong export performance has contributed to an improvement in India's overall trade position.

According to data released by the Ministry of Commerce and Industry on Friday, overall imports, including merchandise and services, increased to USD 110.07 billion in October, compared with USD 94.42 billion in the corresponding month last year.

During April-October 2026-27, exports of gems and jewellery increased by 40.06 per cent to USD 3.21 billion compared with the corresponding period of 2025-26. The ministry also reported that exports of organic and inorganic chemicals rose by 36.20 per cent to USD 2.89 billion during April-October 2026-27 over the same period of the previous financial year.

The ministry further stated that engineering goods exports increased by 36.01 per cent to USD 12.74 billion during April-October 2026-27 compared with the corresponding period of 2025-26. Exports of electronic goods also registered substantial growth, rising by 62.70 per cent to USD 6.64 billion during the first seven months of the current financial year. The growing contribution of electronic goods exports is providing significant momentum to India's overall merchandise exports.

India's merchandise exports recorded a growth of 21.96 per cent during April-October 2026-27, reaching USD 309.06 billion. The ministry said this growth reflected the resilience of India's merchandise export sector and its expanding contribution to international trade.

The Ministry of Commerce and Industry further estimated that India's total exports, including both merchandise and services, reached USD 568.84 billion during April-October 2026-27. This represents an increase of 16.66 per cent over the corresponding period of the previous financial year. The growth highlights India's expanding participation in global trade and the sustained improvement in its merchandise and services exports.

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Hindusthan Samachar / Jun Sarkar