India’s exports – Artifex.News

India’s exports to core BRICS markets surge 34% in April-August; China leads

admin — Sun, 20 Sep 2026 10:00:00 +0000

India’s exports to China, South Africa, Brazil, and Russia grew 34% to $19.9 billion in April-August 2026-27, led by a 39% jump in shipments to China, highlighting the growing importance of the BRICS bloc for India’s export growth.

“As India deepens its engagement with the BRICS bloc, strongest momentum is coming from the BRICS members, especially Core BRICS founding partners — China, South Africa, Brazil, and Russia,” an official said.

BRICS, originally comprising Brazil, Russia, India, China, and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, the United Arab Emirates, and Saudi Arabia, with Indonesia joining in 2025. Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, and Vietnam became BRICS partner countries last year.

According to the Commerce Ministry data, exports to the four core BRICS economies grew by 34%, rising from $14.9 billion in April-August 2025-26 to $19.9 billion in April-August 2026-27.

The share of the four countries in India’s total exports increased from 9.2% during the first five months of this fiscal from 8.1% in the same period of 2025-26.

Among the core BRICS countries, China emerged as the largest contributor, with Indian exports expanding by 39% to reach $9.6 billion in the first five months of 2026-27.

At the same time, South Africa recorded the fastest growth rate, with exports surging 58% during the period. Brazil and Russia also maintained steady double-digit growth of 13% and 11%.

“India is not only strengthening its trade footprint within BRICS but is also becoming more integrated with the bloc’s largest economies. With exports to Core BRICS growing nearly three times faster than exports to the broader BRICS grouping, these markets are increasingly emerging as a key pillar of India’s export strategy,” the Commerce Ministry official said.

India’s exports to Japan, Italy, and South Korea

During April-August 2026-27, India’s exports to Japan surged to $3.43 billion, registering a 43% growth over the same period last fiscal.

India is steadily expanding its presence in key sectors that align with Japan’s industrial requirements, ranging from energy products and electronics to advanced materials.

The export momentum is being led by mineral fuels, which recorded an increase of $231.7 million (76%), highlighting growing energy trade between the two countries.

Simultaneously, exports of electronics and aluminium also recorded healthy growth.

Similarly, India’s exports to Italy witnessed a strong surge during the five months of 2026-27, rising to $3.92 billion from $3.02 billion in April-August 2025-26, reflecting a growth of about 30%.

On the other hand, outbound shipments to South Korea grew 22% to $3.21 billion.

The growth story is being driven by India’s increasing role as a supplier of industrial raw materials, energy products, and intermediate goods that feed into South Korea’s advanced manufacturing ecosystem.

The main sectors that helped push exports to South Korea included minerals, fuels, electronics, aluminium, iron and steel and chemicals.

As South Korea strengthens its position as a global hub for automobiles, electronics, semiconductors, and advanced manufacturing, India is increasingly becoming a preferred sourcing partner, driving sustained growth in bilateral trade and reinforcing economic ties between the two nations, the official said.

Published – September 20, 2026 03:30 pm IST

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India’s exports likely to grow 6% this year: Piyush Goyal

admin — Wed, 17 Sep 2025 13:25:00 +0000

Union Minister Piyush Goyal. File
| Photo Credit: ANI

Union Commerce Minister Piyush Goyal on Wednesday (September 17, 2025) expressed confidence that India’s exports would grow by around 6% this year compared to the corresponding period in 2024.

Underscoring the country’s strong performance in global trade despite challenges, the Minister said discussions on free trade agreements (FTAs) were advancing with several countries.

“India’s exports would grow by around 6% this year compared to the corresponding period last year. I believe we will end the year on a positive note,” Mr. Goyal told reporters in Mumbai, adding that discussions on free trade agreements (FTAs) were advancing with several countries.

“India’s growing strength and the fact that we will be moving in the Amritkal from a $4 trillion economy to a $30 trillion-plus economy clearly show that India is the place to do business. The world would like to work closer with India,” he added.

The Minister emphasised that India’s domestic momentum and external engagements were reinforcing each other.

“We have recently come out with the lowest unemployment data at 5.1%,” he said.

Addressing the issue of unemployment, the commerce minister said India is a land of opportunities.

“It may be very attractive to keep saying that there is unemployment. However, when I met Larsen and Toubro, they told me they were unable to complete projects on time because they do not get enough workers. In fact, L&T’s IT company is also looking for people,” the Minister said.

He said India is the fastest-growing large economy, and the infrastructure thrust and consumer demand expected from GST 2.0 will give another boost to investment, job creation, and expansion of trade and industry.

Mr. Goyal said several countries were actively pursuing FTAs with India.

“With the European Union, we had good discussions in the last round. Their two commissioners of agriculture and trade visited Delhi, and the discussions made rapid progress. We may have another virtual or physical round soon. EU President Ursula von der Leyen and Prime Minister Narendra Modi guided us to complete the negotiations by year-end, and we are continuing to work towards that goal,” he said.

Citing the successful free trade pact with the UAE, the minister said it was the world’s fastest FTA.

“We negotiated, finalised, and signed it in 88 days. Ever since, our exports to the UAE have been growing rapidly. Over 25 lakh Indians live there. I am going for a high-level task force investment dialogue and will meet several investors. Textiles, marine, leather, and pharmaceuticals are particular areas where we are looking for trade expansion and diversification”, he added.

He noted that the UAE was a “gateway for the African region, the Gulf, and Eastern Europe” and a crucial trading partner for India.

“There is a lot of investment interest from the UAE into India. I am very confident that this partnership will only strengthen further,” Mr. Goyal added.

The Minister added that similar discussions were underway with Peru, Chile, New Zealand, Oman and others.

“It is an ongoing process. Many countries want to start discussions on FTAs because India has immense potential,” he said.

Published – September 17, 2025 06:55 pm IST

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India’s exports rise 2.56% to $35.2 billion in June

admin — Mon, 15 Jul 2024 09:19:17 +0000

India’s merchandise exports have grown 2.55% in June to $35.2 billion. Image for representation purposes only. File
| Photo Credit: S. Siva Saravanan

India’s merchandise exports have grown 2.55% in June to $35.2 billion, while imports have risen 5% to $56.2 billion, Commerce Secretary Sunil Barthwal informed on July 15.

Total merchandise and services exports have hit a record high of $200.3 billion in the first quarter of 2024-25, he said.

The trade deficit, or the gap between imports and exports, during the month under review stood at $20.98 billion.

Briefing media on the data, Mr. Barthwal said going by the current trend, the country’s total exports of goods and services may cross $800 billion this fiscal.

India’s merchandise exports rose by 9.1% to $38.13 billion in May, even as the trade deficit widened to a seven-month high of $23.78 billion.

Exports during April-June this fiscal increased 5.84% to $109.96 billion, and imports grew 7.6% to $172.23 billion.

(With PTI inputs)

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