New Delhi [India], September 15 (ANI): India’s merchandise exports registered development throughout a number of key world markets throughout April-August 2026-27, with shipments to the US rising 6.17 per cent to USD 42.79 billion, whereas exports to Japan, China, Italy and South Korea witnessing significantly sturdy will increase.
According to knowledge introduced by the Commerce Ministry, India’s exports to the US rose 6.17 per cent to USD 42.79 billion throughout April-August 2026-27, from USD 40.31 billion within the corresponding interval of 2025-26. Exports to the European Union elevated 3.84 per cent to USD 27.78 billion from USD 26.76 billion.
Exports to China recorded the sharpest development among the many three main markets, rising 38.71 per cent to USD 9.61 billion from USD 6.93 billion.
India’s exports to Japan elevated 43 per cent to USD 3.43 billion through the April-August interval, in contrast with USD 2.41 billion within the year-ago interval. Exports to South Korea rose 22 per cent to USD 3.21 billion from USD 2.63 billion, whereas shipments to Italy grew 29.9 per cent to USD 3.92 billion from USD 3.02 billion.
The development in exports to China comes amid renewed engagement between the 2 nations to deal with trade-related considerations, together with the structural commerce imbalance and supply-chain points.
Commerce Secretary Rajesh Agrawal stated the latest assembly between Commerce and Industry Minister Piyush Goyal and his Chinese counterpart was an preliminary dialogue aimed toward addressing considerations on each side.
“These are the initial discussions wherein both sides, as leaders have already guided, that both sides should work together to address each other’s concerns in the trade space,” Agrawal stated.
He stated each side had been additionally wanting on the structural commerce imbalance, supply-chain points and methods to construct belief in bilateral commerce.
Agrawal stated exports to China had been being supported by engineering items, which accounted for 20.73 per cent of the expansion, adopted by digital items at 15.4 per cent, petroleum merchandise at 13.55 per cent, natural and inorganic chemical substances at 10.53 per cent and iron ore at 9.97 per cent.
He stated improved people-to-people motion and direct connectivity, together with flights between Beijing and Delhi, had contributed to gradual confidence-building between the 2 sides.
Meanwhile, the Commerce Secretary stated the India-New Zealand commerce settlement is anticipated to be operationalised within the latter half of October 2026, with the precise date to be introduced after each side full the required procedures.
He additionally stated Commerce Minister Piyush Goyal is anticipated to carry bilateral assembly with the US Commerce Secretary throughout his go to to the US for the G20 ministerial assembly later this month, with ongoing Free Trade Agreement negotiations prone to be among the many points mentioned. (ANI)