New Delhi, April 15 -- India's total exports grew 4.22 per cent year-on-year (YoY) to USD 860.09 billion in FY2025-26, while imports rose faster at 6.47 per cent to about USD 970 billion, leading to a widening of the overall trade deficit, according to data shared by Commerce Secretary Rajesh Agrawal.

The combined trade deficit (merchandise and services) increased to USD 119.30 billion in FY26 from USD 94.66 billion in the previous fiscal.

Merchandise Trade Remains Under Pressure

Merchandise exports saw a marginal rise to USD 441.78 billion in FY26 from USD 437.70 billion in FY25. In contrast, merchandise imports climbed sharply to USD 774.98 billion from USD 721.20 billion, reflecting higher inbound shipments and contributing signific...