Key Points
- India's non-petroleum merchandise exports reached $143.61 billion during April-July FY27, up 12.79% year on year.
- India's electronics exports have expanded sharply over the past decade, reaching ₹4.24 lakh crore, supported by growth in mobile phone manufacturing.
- Merchandise exports in July 2026 stood at $36.27 billion, reflecting continued external demand for Indian goods.
- Growth in non-petroleum exports is helping diversify India's merchandise export basket amid volatility in crude oil prices and global shipping conditions.
- Global Trade Research Initiative (GTRI) has projected India's combined goods and services exports could approach $850 billion in FY27.
| Trade & Export Parameter | April-July 2026 Figures | Economic Significance |
|---|---|---|
| Non-Petroleum Exports | $143.61 Billion, up 12.79% YoY | Stronger growth in non-oil merchandise exports supports export diversification. |
| Electronics Exports | ₹4.24 Lakh Crore, equivalent to more than $30 Billion | Mobile phone manufacturing has become a major contributor to electronics export growth. |
| July 2026 Merchandise Exports | $36.27 Billion | Shows continued demand for Indian merchandise in global markets. |
| FY27 Export Projection | GTRI projects approximately $850 Billion in combined exports | Services and merchandise exports remain important sources of foreign exchange earnings. |
India's merchandise export performance remained firm in the opening months of FY27, with non-petroleum exports reaching $143.61 billion during April-July 2026, a 12.79% increase from the corresponding period a year earlier.
Electronics manufacturing has also emerged as an important part of India's export story, with electronics exports reaching ₹4.24 lakh crore as domestic mobile phone production and other electronics manufacturing capacity have expanded.
💡 Track India's EXIM Trade Data, Electronics Exports & Global Supply Chains
📰 Explore Macro Economy on The Living DraftIndia's Non-Petroleum Exports Rise 12.79% in April-July FY27
Data released by the Ministry of Commerce and Industry points to continued growth across India's non-petroleum merchandise export basket.
- Non-Petroleum Export Growth: Non-petroleum exports increased from $127.32 billion in April-July 2025 to $143.61 billion in April-July 2026, representing 12.79% year-on-year growth.
- Electronics Export Expansion: Electronics exports reached approximately ₹4.24 lakh crore, with mobile phone manufacturing playing an important role in the expansion of India's electronics production base.
- July Merchandise Exports: Merchandise exports in July 2026 stood at approximately $36.27 billion, indicating continued demand for Indian goods despite challenging global trade conditions.
- FY27 Outlook: The Global Trade Research Initiative has projected India's combined goods and services exports could approach $850 billion during FY27.
Electronics Manufacturing Becomes an Important Export Growth Driver
India's electronics manufacturing sector has expanded substantially over the past decade. Mobile phone production and export-oriented manufacturing have benefited from government production-linked incentive programmes and increasing investment by global and domestic manufacturers.
The growth has helped increase the share of value-added manufactured products in India's export basket while creating opportunities for electronics manufacturing services companies, component suppliers and contract manufacturers.
Key Takeaways for Manufacturing & Trade Readers
Strategic Significance for India's Trade Outlook
The latest export data highlights two important developments in India's external sector.
- Export Diversification: Growth in non-petroleum merchandise exports is broadening India's export base across manufacturing and other value-added sectors.
- Manufacturing Integration: The rise in electronics exports indicates deeper integration of Indian manufacturing into international supply chains, particularly in mobile phones and related products.
Frequently Asked Questions
What were India's non-petroleum exports in April-July 2026?
India's non-petroleum merchandise exports reached $143.61 billion during April-July FY27, up 12.79% from $127.32 billion during the same period of the previous year.
How much did India's electronics exports reach?
India's electronics exports reached approximately ₹4.24 lakh crore, equivalent to more than $30 billion, reflecting substantial growth in domestic electronics manufacturing and mobile phone production.
What is India's FY27 export projection?
The Global Trade Research Initiative has projected that India's combined goods and services exports could approach $850 billion in FY27.
Risk Alert
India's export performance remains sensitive to global demand, tariffs, commodity prices, exchange rates, shipping costs and geopolitical disruptions. Export projections are estimates and may change as global trade conditions evolve. Conduct independent research before making business or investment decisions.