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India sees marginal dip in merchandise exports in February

17 Mar 2026 Evaluate

The commerce ministry in its latest data has showed that India’s merchandise exports slipped marginally by 0.81 per cent to $36.61 billion in February 2026 as compared to $36.91 billion in the same month last year. Merchandise imports increased by 24.11 per cent to $63.71 billion in February 2026 from $51.33 billion recorded a year ago. As a result, trade deficit (difference between imports and exports) widened to $27.10 billion in February 2026 as compared with $14.42 billion in February 2025. 

According to the data, cumulatively, merchandise exports during April-February 2025-26 were $402.93 billion as compared to $395.66 billion during April-February 2024-25. Merchandise imports during April-February 2025-26 were $713.53 billion as compared to $657.46 billion during April-February 2024-25. Merchandise trade deficit during April-February 2025-26 was $310.60 billion as compared to $261.80 billion during April-February 2024-25. 

Non-petroleum and non-gems & jewellery exports in February 2026 were $30.55 billion compared to $28.66 billion in February 2025.  Non-petroleum and non-gems & jewellery exports in April-February 2025-26 were $327.96 billion, compared to $310.25 billion in April-February 2024-25. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in February 2026 were $40.33 billion compared to $35.39 billion in February 2025. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-February 2025-26 were $454.82 billion, compared to $416.59 billion in April-February 2024-25.


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