Piyush Goyal said India’s merchandise exports rose about 15% between April 1 and June 14, 2026, despite global uncertainty and higher US tariffs. The early-quarter figure comes after FY26 exports hit a record $863 billion and as the government targets $1 trillion in FY27.
Piyush Goyal said India’s merchandise exports rose about 15% between April 1 and June 14, 2026, even as global uncertainty and higher US tariffs continued to weigh on trade.
The commerce and industry minister made the remark on June 21, presenting the figure as evidence that exporters were holding up despite external headwinds. The number covers only the opening stretch of the June quarter, so it does not yet show the full-quarter outcome.
Early-quarter signal
The reported pace suggests that Indian exporters entered the quarter on a stronger footing after a record FY26 export performance. Recent coverage has said India’s exports reached $863 billion in FY26, despite disruptions from US tariffs and tensions in the Middle East.
Goyal has also said India is on track to reach $1 trillion in exports in FY27, a target that gives the early-quarter performance added significance. A continued double-digit pace would strengthen that broader export narrative, but later June data will be needed to see whether the trend holds.
What to watch next
The next official trade release for later June will show whether the 15% increase remains intact through the rest of the quarter. Market watchers will also look for further comments from the commerce ministry and exporters on tariff pressure, demand conditions and the mix of goods and services trade.
For now, the June 1-14 reading offers a first snapshot of resilience, not a final verdict on the quarter.
Revision note
Initial automated publication.