India, March 16 -- The Government of India has issued a release:

February 2026

February 2025

Merchandise

Exports

36.61

36.91

Imports

63.71

51.33

Services*

Exports

39.53

31.65

Imports

16.38

14.51

Total Trade

Exports

76.13

68.56

Imports

80.09

65.84

Trade Balance

-3.96

2.72

April-February 2025-26

April-February 2024-25

Merchandise

Exports

402.93

395.66

Imports

713.53

657.46

Services*

Exports

387.93

351.93

Imports

186.98

181.23

Total Trade

Exports

790.86

747.58

Imports

900.51

838.69

Trade Balance

-109.64

-91.11

February 2025 (US$ Billion)

Non- petroleum exports

33.18

31.19

Non- petroleum imports

50.74

39.44

Non-petroleum & Non-Gems & Jewellery exports

30.55

28.66

Non-petroleum & Non-Gems & Jewellery imports

40.33

35.39

April-February 2024-25

Non- petroleum exports

354.12

337.17

Non- petroleum imports

551.75

490.69

Non-petroleum & Non Gems & Jewellery exports

327.96

310.25

Non-petroleum & Non Gems & Jewellery imports

454.82

416.59

(US$ Billion)

(US$ Billion)

(Merchandise +Services) *

(US$ Billion)

(US$ Billion)

(Merchandise +Services) *

(US$ Billion)

(US$ Billion)

(US$ Billion)

Table 1: Trade during February 2026*  

* Note: The latest data for services sector released by RBI is for January 2026. The data for February 2026 is an estimation. (ii) Data for April-February 2024-25 and April-December 2025 has been revised on pro-rata basis using quarterly balance of payments data.

Fig 1: Total Trade during February 2026*

Table 2: Trade during April-February 2025-26*

Fig 2: Total Trade during April-February 2025-26*

MERCHANDISE TRADE

Fig 3: Merchandise Trade during February 2026  

Fig 4: Merchandise Trade during April-February 2025-26  

Table 3: Trade excluding Petroleum and Gems & Jewellery during February 2026  

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 5: Trade excluding Petroleum and Gems & Jewellery during February 2026  

Table 4: Trade excluding Petroleum and Gems & Jewellery during April-February 2025-26

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-February 2025-26

SERVICES TRADE

Fig 7: Services Trade during February 2026*

Fig 8: Services Trade during April-February 2025-26*

Link for Quick Estimates -

Disclaimer: Curated by HT Syndication.