India’s Export Sector Stays Resilient Amid Global Uncertainty, Says FIEO

New Delhi, May 18 (KNN) India’s export sector remained resilient in April 2026 despite global economic uncertainty and geopolitical disruptions, highlighting the competitiveness and adaptability of Indian exporters, according to Federation of Indian Export Organisations (FIEO).

India’s merchandise exports rose to USD 43.56 billion in April 2026 from USD 38.28 billion a year earlier, while total goods and services exports were estimated at USD 80.80 billion, reflecting continued strength in external trade. Imports also increased to USD 71.94 billion from USD 65.38 billion in April 2025. 

FIEO Highlights Exporters’ Adaptability 

Commenting on the latest trade data, FIEO President, S C Ralhan said the growth in merchandise exports reflects the inherent strength and adaptability of Indian exporters amid an increasingly uncertain global trade environment.

He noted that despite geopolitical tensions, supply chain disruptions and rising logistics costs, Indian exporters have maintained strong performance across several sectors.

Trade Deficit Widens To USD 28.38 Billion 

India’s merchandise trade deficit, however, widened to USD 28.38 billion in April 2026. According to Ralhan, the widening deficit was largely driven by the ongoing conflict in the Middle East, which has disrupted global shipping routes, raised freight and fuel costs and significantly increased India’s import bill.

He added that higher imports of petroleum and electronic goods, coupled with rising energy prices linked to the Middle East conflict, also contributed to the expanding trade deficit. 

Despite this, India’s combined exports of goods and services worth USD 80.80 billion indicate continued stability in the country’s external sector.

Engineering, Electronics And Pharma Lead Exports 

Ralhan said key export drivers continued to include engineering goods, electronic products, pharmaceuticals and textiles, reflecting India’s growing manufacturing strength and diversification in global markets.

Major exports in April included engineering goods, petroleum products, electronics, pharmaceuticals, chemicals, gems and jewellery, garments, rice, cotton yarn and plastic products. 

Key imports comprised crude oil, electronics, gold, machinery, transport equipment, non-ferrous metals, coal, chemicals and edible oils.

Key Import Sources And Export Destinations 

Top export destinations included the United States, Singapore, United Arab Emirates, China and the United Kingdom, while major import sources included China, Russia, United States, Saudi Arabia and Japan.

Ralhan stressed that continued policy support, stable logistics supply chains and improved market access initiatives will be critical to sustaining export momentum in the coming months. 

He added that India must continue focusing on export diversification, value addition, trade facilitation and stronger strategic trade partnerships to ensure long-term growth and global competitiveness.

(KNN Bureau)