India's exports hit record US$ 863.1 billion in FY 2025-26
The Commerce Ministry said on 28 July 2026 that India's total exports reached a record US$ 863.1 billion in FY 2025-26 – US$ 441.8 billion of merchandise and US$ 421.3 billion of services.
Summary
India recorded its highest-ever exports in FY 2025-26 at US$ 863.1 billion, with merchandise exports of US$ 441.8 billion and services exports of US$ 421.3 billion, the Ministry of Commerce & Industry said, highlighting strong trade with the UAE, UK and Australia and the role of Free Trade Agreements in market access and export diversification. Among FTA partners, merchandise exports to Singapore under the CECA were about US$ 11.86 billion; the India–Oman CEPA came into effect on 1 June 2026, while the India–New Zealand FTA has been signed but is yet to take effect.
Key facts
- Total exports FY 2025-26
- US$ 863.1 billion (record)
- Merchandise
- US$ 441.8 billion
- Services
- US$ 421.3 billion
- Key partners cited
- UAE, UK, Australia
- India–Oman CEPA
- In force from 1 June 2026
- India–New Zealand FTA
- Signed, yet to be effective
Practice MCQs 3 questions
What was the value of India's total (merchandise plus services) exports in FY 2025-26?
Show answer
Correct answer: D — US$ 863.1 billion
India recorded its highest-ever exports of US$ 863.1 billion in FY 2025-26.
Consider the following statements about India's exports in FY 2025-26: 1. Services exports exceeded merchandise exports. 2. Merchandise exports were about US$ 441.8 billion. 3. The India–Oman CEPA came into effect during 2026. Which of the statements given above are correct?
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Correct answer: B — 2 and 3 only
Merchandise exports (US$ 441.8 bn) were higher than services exports (US$ 421.3 bn). The India–Oman CEPA took effect on 1 June 2026.
As per the Commerce Ministry's July 2026 data, what was the status of the India–New Zealand Free Trade Agreement?
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Correct answer: B — Signed, but yet to come into effect
The Ministry listed the India–New Zealand FTA as 'signed, yet to be effective'. It was the India–Oman CEPA that came into effect on 1 June 2026.