Pushed by electronics, engineering items and petroleum merchandise, India’s items exports rose 13.78% on yr in April to $43.56 billion, the best month-to-month outbound shipments in additional than 4 years, however the trade deficit widened to a three-month high, official information launched Friday confirmed.
A ten% rise in imports, regardless of a steep decline in inbound shipments from West Asia amid the persevering with geopolitical disruptions, widened the trade deficit to $28.38 billion in April from $27.1 billion a yr in the past. The exports development got here regardless of India’s outbound shipments to West Asia falling by greater than 1 / 4, officers mentioned.
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West Asia Battle Impression
Commerce secretary Rajesh Agrawal mentioned despite international geopolitical tensions, the nation’s exports are registering wholesome development. Exports grew on the quickest tempo in 5 months in April.
“The expansion in worth can have some contribution from costs as a result of costs of many issues are going up. It is usually to the credit score of our business which has been in a position to keep the provision chains and have a look at new markets and diversify their exports,” he mentioned, including that the exports in April are the best in ten years on this month.
Imports have been $71.94 billion in April. Trade deficit was $20.7 billion in March 2026. Outbound shipments of digital items rose 40.31%, petroleum merchandise 34.66%, and engineering items 8.76% in April.
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Agrawal mentioned India’s exports to West Asia declined 28% to $4.16 billion final month in opposition to $5.78 billion in April 2025 and there was a “vital fall” in merchandise imports to $10.5 billion from $15.3 billion in April final yr “for causes which might be well-known.”
The continued battle in West Asia has impacted the motion of ships in worldwide waters notably by the Strait of Hormuz.
As per the information, gold and silver imports rose 81.69% to $5.62 billion and 157.16 % to $411 million, respectively, in April.
Agrawal mentioned lower than one tonne of gold has entered India underneath the tariff quota mechanism out there by the India-UAE CEPA, indicating that the preferential quota route stays barely utilised.
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