India, April 15 -- The Government of India has issued a release:

March 2026

March 2025

Merchandise

Exports

38.92

42.05

Imports

59.59

63.74

Services*

Exports

35.20

35.63

Imports

16.96

17.48

Total Trade

Exports

74.11

77.67

Imports

76.55

81.22

Trade Balance

-2.44

-3.55

FY 2025-26

FY 2024-25

Merchandise

Exports

441.78

437.70

Imports

774.98

721.20

Services*

Exports

418.31

387.55

Imports

204.42

198.72

Total Trade

Exports

860.09

825.26

Imports

979.40

919.92

Trade Balance

-119.30

-94.66

March 2026

March 2025 (US$ Billion)

Non- petroleum exports

33.74

37.15

Non- petroleum imports

47.41

44.73

Non-petroleum & Non-Gems & Jewellery exports

31.69

34.25

Non-petroleum & Non-Gems & Jewellery imports

41.87

37.99

FY 2025-26

FY 2024-25

Non- petroleum exports

387.88

374.32

Non- petroleum imports

601.03

535.42

Non-petroleum & Non Gems & Jewellery exports

359.67

344.50

Non-petroleum & Non Gems & Jewellery imports

498.56

454.59

(US$ Billion)

(US$ Billion)

(Merchandise +Services) *

(US$ Billion)

(US$ Billion)

(Merchandise +Services) *

(US$ Billion)

(US$ Billion)

(US$ Billion)

Table 1: Trade during March 2026*

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

Fig 1: Total Trade during March 2026*

Table 2: Trade during FY 2025-26 (April-March)*

Fig 2: Total Trade during FY 2025-26 (April-March)* 

       MERCHANDISE TRADE

Fig 3: Merchandise Trade during March 2026

Fig 4: Merchandise Trade during FY 2025-26 (April-March)

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

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

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

Table 4: Trade excluding Petroleum and Gems & Jewellery during FY 2025-26 (April-March)

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

Fig 6: Trade excluding Petroleum and Gems & Jewellery during FY 2025-26 (April-March)

SERVICES TRADE

Fig 7: Services Trade during March 2026*

Fig 8: Services Trade during FY 2025-26 (April-March)*

Link for Quick Estimates:

Disclaimer: Curated by HT Syndication.