India’s September merchandise trade deficit widens to $30.21 billion

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India’s September 2026 merchandise trade deficit widened to $30.21 billion as exports reached $44.40 billion and imports rose to $74.61 billion.

AI-generated representative illustration of cargo ships, containers and an unbalanced scale at an Indian port

AI-generated representative illustration of India’s September merchandise trade data; it does not depict a specific event. Image: MyNilgiris / OpenAI.

India’s merchandise trade deficit widened to $30.21 billion in September as goods exports reached $44.40 billion and imports rose to $74.61 billion.

Reuters calculated the September 2026 merchandise deficit from government export and import data released on October 15. The deficit was $26.86 billion in August.

Key figures

  • September merchandise exports: $44.40 billion
  • August merchandise exports: $43.81 billion
  • September merchandise imports: $74.61 billion
  • August merchandise imports: $70.67 billion
  • September merchandise trade deficit: $30.21 billion
  • August merchandise trade deficit: $26.86 billion

Exports increased slightly from the previous month, but imports rose more sharply, widening the gap. Economists in a Reuters poll had expected a $30.4 billion deficit.

Image disclosure: The port, cargo containers and unbalanced scale are an AI-generated representative illustration created by MyNilgiris/OpenAI. It is not a photograph of the September data release or a specific event.

Verified sources

Data basis: Indian government export and import figures released on October 15, 2026; the numbers were cross-checked in the independent reports below.

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