India’s total exports (goods + services) reached about $76.13 billion in February 2026, showing over 11% growth compared to last year. However, imports grew faster, increasing the trade deficit. Key sectors like engineering goods, electronics, chemicals, and dairy products supported export growth. During April–February 2025-26, total exports crossed $790 billion with steady growth. The data highlights India’s improving export performance but also rising import dependence, making trade balance an important concern.
India released its latest trade data on 16 March 2026. It shows performance of exports and imports for February 2026 and April–February 2025-26.
Exports increased by 11.05%, but imports grew faster at 21.64%. This widened the trade deficit.
Services sector performed strongly with a surplus of about $200.96 billion.
Top export destinations showing growth include China, USA, UAE, Spain, and Hong Kong.
Rising imports and trade deficit remain key concerns for India’s economy.
1.What was India’s total exports in February 2026?
A) $68 billion
B) $70 billion
C) $76.13 billion
D) $80 billion
Answer: C
2.Which sector showed highest growth in February 2026 exports?
A) Gems & Jewellery
B) Engineering Goods
C) Rice
D) Textiles
Answer: B
3.Trade deficit means:
A) Exports > Imports
B) Imports > Exports
C) No trade
D) Equal trade
Answer: B
4.Which organisation releases services trade estimates?
A) NITI Aayog
B) RBI
C) SEBI
D) NABARD
Answer: B
5.Which country is a major export destination for India?
A) Brazil
B) China
C) Nepal
D) Egypt
Answer: B
1. What is meant by Current Account Deficit (UPSC)?
Answer: When total imports of goods, services exceed exports
2. Which sector contributes most to India’s services exports?
Answer: IT and software services
Students often confuse trade deficit with fiscal deficit.
Trade deficit is external sector; fiscal deficit is government budget gap.
Focus on trade deficit numbers, sectors, and concepts like BoP. Questions often combine data + concept.