India's merchandise exports hit an all-time high of $49.47 billion in October 2026, driven mainly by five sectors: engineering goods, petroleum products, electronic goods, gems and jewelry, and organic and inorganic chemicals.
Together, these sectors made up nearly 83% of the increase in India's merchandise exports in October.
Engineering goods jumped 36%, while petroleum products soared by 140.2%.
Electronics also saw a big leap, up 62.7% compared with last year.
India's total exports hit $89.99 billion
With this export boom, India's total exports (including services) reached $89.99 billion, almost 30% higher than last year.
The trade deficit shrank to $20.09 billion from $25.15 billion a year ago.
This momentum comes as industries recover and higher global commodity and input prices.