India’s total exports (Merchandise and Services combined) for January 2026 are estimated at US$ 80.45 Billion, registering a positive growth of 13.17 percent vis-à-vis January 2025. Total imports (Merchandise and Services combined) for January 2026 are estimated at US$ 90.83 Billion, registering a positive growth of 18.76 percent vis-à-vis January 2025. India’s total exports during April-January 2025-26 are estimated at US$ 720.76 Billion registering a positive growth of 6.15 percent. Total imports during April-January 2025-26 are estimated at US$ 823.41 Billion registering a growth of 6.54 percent.
Merchandise exports during January 2026 were US$ 36.56 Billion as compared to US$ 36.34 Billion in January 2025. Merchandise imports during January 2026 were US$ 71.24 Billion as compared to US$ 59.77 Billion in January 2025. The estimated value of services export for January 2026 is US$ 43.90 Billion as compared to US$ 34.75 Billion in January 2025. The estimated value of services imports for January 2026 is US$ 19.60 Billion as compared to US$ 16.71 Billion in January 2025.
Major drivers of merchandise exports growth in January 2026 include Engineering Goods, Petroleum Products, Meat, Dairy & Poultry Products, Marine Products and Iron Ore. Engineering Goods exports increased by 10.37% from US$ 9.42 Billion in January 2025 to US$ 10.40 Billion in January 2026 while Petroleum Products exports increased by 8.55% from US$ 3.48 Billion in January 2025 to US$ 3.77 Billion in January 2026.