India’s Exports Hit Record $89.99 Billion in October, Rising Nearly 30%

India’s combined merchandise and services exports reached an all-time monthly high of $89.99 billion in October 2026, marking a 29.9% increase compared with $69.27 billion recorded in October 2025. Imports also increased during the period, rising from $94.42 billion to $110.07 billion. Despite the increase in imports, the country’s trade deficit narrowed to $20.09 billion, compared with $25.15 billion in the corresponding month last year.

Commerce Secretary Rajesh Agrawal said that India recorded its highest-ever monthly exports in October, with merchandise export growth reaching a five-year high. Government data show that merchandise exports rose 45.06% year-on-year to $49.47 billion, up from $34.11 billion. Services exports also increased from $35.17 billion to $40.51 billion. Agrawal added that exports improved across different sectors and regions worldwide.