Topic
exports
Commodities India's rice exports to 26 priority markets outpace three-year average
India's rice exports to 26 priority markets totalled ₹23,476 crore and 4.79 million tonnes between November 2025 and March 2026, exceeding the three-year average by 1.1% in value and 5.6% in volume. Eleven of 26 markets saw year-on-year growth in both value and volume, led by the UAE. The industry is shifting toward promoting specific Indian rice varieties through culinary pairings at BIRC 2026.
Commodities India's rice exports to 26 markets rise despite challenges; BIRC 2026 to drive diversification
India's rice exports to a 26-market basket reached Rs 23,476 crore, with volumes of 4.79 million tonnes in the November-March period, beating the prior three-year average. Growth was led by the UAE, Belgium and Germany, with 11 of 26 markets rising in both value and volume. BIRC 2026 aims to shift India from volume-led to application-led rice export diversification, including an ITC Hotels-curated Global Rice Festival.
Commodities Russia Turns to Asia for Refined Fuel, Set to Receive Nearly 270,000 Tonnes in August
Russia is importing nearly 270,000 metric tonnes of refined fuel from Asia in August via ship-to-ship transfers after Ukrainian strikes disrupted domestic refinery output, according to shipping data and trade sources cited by Reuters. About one-third of the cargoes originated in India, with the rest loaded off South Korea and Malaysia. The imports mark a sharp reversal for Russia, a major net exporter of refined petroleum products, which has also extended its own fuel export bans into next year.
Trade Trump Tariffs Fail to Dent India's Export Dependence on US; Share Stays Near 20%
The US remains India's largest export market at roughly 20% of shipments despite tariff rates peaking at 50%. Exports to the US reached $88.5 billion in the 12 months through July, while New Delhi accelerates FTA negotiations to diversify trade.
Commodities Rapeseed meal exports push India’s oilmeal exports up 18.41% in May
India's oilmeal exports increased 18.41% year-on-year in May 2026 to 3.73 lakh tonnes, driven by a surge in rapeseed meal shipments to China and other Asian markets, according to the Solvent Extractors' Association of India. Total April-May oilmeal exports fell 5.37% due to a sharp drop in soybean meal, while planting data show soybean acreage marginally lower.
Trade India's exports to US hold firm after a year of Trump's tariffs
US tariffs peaked at 50% on Indian goods before falling to 10%, yet the US still accounts for about 20% of India's exports. India signed trade deals with the UK, EU, Oman and New Zealand to diversify, while exports to China surged 42%.
Trade India's Tanker Exports Surge Over Six-Fold to USD 1.36 Billion in Q1 FY27; UAE Leads
India's tanker exports grew more than six-fold to USD 1.36 billion in Q1 FY27 (April-June 2026-27), with the UAE emerging as the top destination. Export volumes rose from 10 to 23 vessels, and new markets including Egypt, South Africa, and Vietnam received first-time shipments.
Trade Niti Aayog Report: India Telecom Equipment Exports Could Hit $50 Billion by 2035
A Niti Aayog report projects India's telecom and network equipment sector can become a $50 billion export hub by 2035 under NTP-25, despite import dependence and fiscal disabilities. Exports were just $0.6–1 billion annually during 2020–2024 against imports of $4–5 billion, with over 80% of critical components sourced from China.
Trade India’s FTAs give MSMEs a shot at bigger global markets, exporters say
Exporters say India’s free trade agreements give MSMEs preferential market access across major economies, with the real opportunity lying in converting these pacts into export orders. Prime Minister Modi said India has finalised FTAs with about 40 countries since 2014, urging small enterprises to tap the opportunities.
Trade ANPACT warns tariffs threaten truck trade as Mexico heavy-duty exports surge
Mexico heavy-duty truck exports rose 66.7% year over year to 13,117 units in July, while production climbed 51.8%, according to INEGI and ANPACT data. ANPACT warned that Section 232 tariffs and rising used-vehicle imports threaten truck trade and urged preservation of USMCA rules.
Trade India’s engineering exports surge to $13.77 billion, Niti Aayog calls for regulation
India's engineering services exports grew to $13.77 billion in 2024-25 from $1.77 billion in 2014-15, according to a Niti Aayog report, a CAGR of 22.8%. The report also highlighted the absence of a proper regulatory framework for engineers and proposed a central statutory framework for those in construction and infrastructure activities.
Trade India's engineering services exports surge nearly eightfold to USD 13.8 billion in a decade: NITI Aayog
NITI Aayog's report, citing Reserve Bank of India data, shows India's engineering services exports surged nearly eightfold to USD 13.8 billion with a 22.8% CAGR over a decade. Imports rose marginally from USD 1.59 billion to USD 1.73 billion. The report also flags regulatory gaps and recommends a central statutory framework for engineers.
Commodities NITI Aayog report: India chemicals exports could hit $81 billion by 2030
A NITI Aayog report says India's chemicals industry could target exports of up to USD 81 billion by 2030, including USD 45 billion in specialty chemicals. Achieving the target requires 10-11% consumption CAGR and 14% production CAGR over five fiscal years. The report identifies US and Brazil as key export markets and recommends policy interventions to close infrastructure and technology gaps.
Trade India’s FTA Exports Surge as Shipments to Singapore and Sri Lanka More Than Double
India's exports to FTA partners surged in April-June 2026, with Singapore and Sri Lanka shipments more than doubling to $6.52 billion and $2.35 billion, respectively, according to The Economic Times. ASEAN exports rose 61.6% to $14.61 billion, and overall Indian exports grew 15.92% to $129.32 billion. India has signed 17 FTAs, of which 16 are operational.
Commodities West Asia tensions ease, reviving orthodox tea demand at Kochi auctions
Easing West Asia tensions have revived orthodox tea demand at the Kochi auctions, with average prices rising ₹4 per kg to ₹177 and sales hitting 98 per cent in Sale 33. Middle East and CIS buyers supported premium grades, while CTC dust prices also firmed by ₹2 per kg.
Logistics Port of Long Beach handles 928,508 TEUs in second-busiest July on record
The Port of Long Beach moved 928,508 TEUs in July, its second-busiest July on record and the fourth-strongest month in its 115-year history. Imports were nearly flat, exports rose 14.8%, and year-to-date throughput is up 1.2%, according to FreightWaves.
Trade Mexico tops US trade rankings in June as Laredo handles $36.5B in freight
Mexico remained the largest U.S. trading partner in June with $89.2 billion in two-way commerce, ahead of Canada and China, according to Census Bureau data. Laredo, Texas, led all U.S. gateways with $36.5 billion in cross-border trade, while the Laredo outbound tender rejection index jumped to 15.19%.
Commodities Russia Buys Gasoline from India for First Time as Refinery Strikes Bite
Russia has imported gasoline from India for the first time, according to Kpler data cited by Bloomberg, as Ukrainian attacks on refineries cut domestic supply. Nayara Energy Ltd, backed by Rosneft, is supplying the fuel from its Vadinar refinery, with shipments routed via ship-to-ship transfers off Egypt's coast. Analysts say the flows highlight the severity of Russia's domestic gasoline imbalance.
Logistics UAE's Adnoc offers shuttle service for Iraqi oil exports through Strait of Hormuz
According to Bloomberg, Adnoc is offering to shuttle Iraqi oil exports through the Strait of Hormuz using dark-transit tactics. Iraq's SOMO has cut Basrah Medium prices by $25–$27 a barrel for Hormuz-bound volumes, while exports jumped to about 2 million bpd this month.
Trade India's exports rise 15% in April-July; Commerce Minister Piyush Goyal confident of $1 trillion target
According to the Economic Times, India's exports grew around 15% in April-July, Commerce Minister Piyush Goyal said, and he is confident the $1 trillion 2026-27 export target can be met. The 2025-26 target is $863 billion, while April-June exports rose 15.92% to $129.32 billion and imports rose 19.89% to $216.18 billion.
Commodities Drone Strikes Put Libya's Zawiya Oil Hub at Risk as NOC Warns of Force Majeure
Repeated drone attacks on Libya's Zawiya oil complex have hit fuel storage, a naphtha tank and power infrastructure, according to Splash247. NOC warns continued strikes could force a halt at the 120,000 bpd Zawiya refinery and trigger force majeure. The complex is connected to the 300,000 bpd Sharara oilfield, adding risk to Mediterranean crude and product trades.
Trade India-China rice trade halts as Beijing revokes 7 Indian rice exporters' registrations
China's GACC revoked the registrations of seven Indian rice exporters over alleged GMO presence, bringing rice trade between the two countries to a halt. The move follows the rejection of at least 70 non-basmati rice consignments by China. Indian officials and exporters have questioned the allegations, noting India grows no GM crops.
Commodities West Asia War Fallout: India Oil Product Exports Find New Markets
The West Asia crisis has opened several new markets for India's oil product exports, with Italy and Spain leading growth and Singapore and Tanzania overtaking traditional destinations. Oil products now account for a much larger share of exports to countries such as Tanzania, Sri Lanka, Singapore, Spain and France, according to Business-Today. The Indian government also imposed a windfall tax on certain products to check outward movement since the war began.
Commodities Has Coffee Become the Most Misunderstood Agricultural Product in India?
Miguel Villaquirán, Co-founder and CEO of Libertario India, argues in The Hindu BusinessLine that while India has embraced specialty coffee, the agricultural factors that create quality — origin, altitude, soil, climate and processing — remain invisible to consumers. He says a mature coffee culture depends on shifting conversation from strength and bitterness to where and how coffee is grown.
Logistics Panama Canal Draft Cut to 47.5 Feet Threatens East Coast Port Volumes
According to FreightWaves, the Panama Canal Authority will reduce maximum vessel draft from 49.5 feet to 47.5 feet by September 3, cutting payload capacity for neo-panamax ships on Asia-U.S. East and Gulf Coast routes. MSC and CMA CGM have already imposed Canal-related surcharges, while low water on the Rhine River is pressuring European inland barge networks. Shippers face higher costs and should evaluate West Coast and Canadian intermodal alternatives.
Trade More exporters leveraging free trade pact benefits as certificate of origin issuance doubles
Certificate of origin issuance in India more than doubled from 3.6 lakh in 2021-22 to over 7.8 lakh in 2026-27 so far, indicating higher FTA utilisation. Exports to FTA partner countries grew 25% to USD 43.14 billion, lifting their share in total exports to 33.4%. Minister Jitin Prasada informed the Rajya Sabha that India's trade deficit with China widened to USD 112.16 billion in the last fiscal.
E-Commerce & Marketplaces E-commerce Platforms Could Expand Global Reach of India's Handloom Products, President Says
President Droupadi Murmu emphasised e-commerce platforms as a channel to expand the global reach of India's handloom products, according to ET Retail. Speaking at the 12th National Handloom Day, she said the sector engages about 35 lakh people, over 25 lakh of them women.
Trade Trump administration refunds $100 billion in tariffs struck down by US Supreme Court
The Trump administration has refunded about $100 billion in tariffs after the US Supreme Court struck down duties imposed under the International Emergency Economic Powers Act. About 60% of the $166 billion collected had been refunded by July 31, according to a filing cited by Reuters. The refunds went to importers, not consumers.
Trade Donald Trump's 'Liberation Day' tariff refunds hit $100bn, court filing shows
Donald Trump's administration has paid back $100bn (£78bn) in 'Liberation Day' tariff refunds to US businesses, roughly 60% of all tariff revenue collected under the policy, according to a US Customs and Border Protection court filing cited by BBC Business. Nearly $29bn in claims remains under review and $1.6bn is awaiting importers' banking details. Amazon received about $600m in refunds in the second quarter.
E-Commerce & Marketplaces Government Notifies Operational Framework for Inventory-Based Cross-Border E-Commerce Exports
The Directorate General of Foreign Trade (DGFT) has notified operational procedures for inventory-based cross-border e-commerce exports with immediate effect. The framework covers exporter-of-record registration, inventory management, seller visibility, reverse logistics, compliance certification and dispute resolution, following the government's move to allow foreign-invested e-commerce firms to keep export-only inventory.
E-Commerce & Marketplaces Govt Operationalises Inventory-Based Cross-Border E-Commerce Export Framework for Indian Manufacturers and MSMEs
The Indian government has operationalised the Inventory-based Cross-Border E-Commerce Export Framework under the Foreign Trade Policy 2023, according to News on AIR. The framework provides a policy architecture for inventory-based exports of goods made in India, ensures timely payments to sellers, and is expected to boost participation of manufacturers and MSMEs in global e-commerce supply chains.
Trade India's exports from SEZs up 11.8% in 2025-26, government data shows
India's exports from special economic zones grew 11.8% in 2025-26, according to government data cited by the Economic Times. Pharmaceutical exports rose from USD 15.43 billion in 2014-15 to USD 31.12 billion in 2025-26. The government also disclosed Certificates of Origin issued under the UAE, Australia and Oman trade pacts.
Commodities India's fuel exports hit 1-year high in July on strong diesel margins
India's refined fuel exports hit a one-year high of 1.53 million barrels per day in July, 27% above the preceding 12-month average, according to Kpler. Strong diesel margins, Russia's diesel export ban and ample crude supplies during the brief Iran-US truce drove the surge. Reliance Industries accounts for about three-quarters of exports, with Nayara Energy also shipping fuel to Russia.
Trade Bangladesh Rejects Indian Rice Consignment on Quality Issues; Trade Suspects Politics
Bangladesh rejected an 11,500-tonne consignment of non-basmati parboiled rice from India on quality grounds, despite samples being cleared. Trade sources attribute the move to politics under the Tarique Rehman government, while shipping agents deny the quality issue. Only 3,500 tonnes were offloaded and the rest returned.
Commodities Cardamom exports lose aroma as prices surge; importers await monsoon clarity
India's cardamom exports are losing momentum as sharply higher domestic prices prompt importers to delay orders. The market awaits monsoon-driven clarity on the new crop, now projected around 33,000 tonnes. Guatemala's bigger crop may not offset an overall market deficit.
Commodities West Asia crisis drags orthodox tea prices down at Kochi auctions
Orthodox tea prices at Kochi auctions fell by ₹9 per kg in sale 31 as the West Asia crisis dampened export demand amid rising freight costs and port congestion. Auctioneers reported fair support from CIS buyers while West Asia remained subdued. CTC dust stayed firm, supported by strong domestic demand.
Commodities India Exports 7 Tonnes of Bihar's Makhana to Canada via Sea Route
India has exported 7 tonnes of Bihar's Makhana (fox nuts) to Canada through the sea route, the Commerce Ministry said in a statement. The 7-metric-tonne consignment, packed in two containers, was dispatched via Mundra Port to ZKV Foods, Canada, marking a step for Bihar's value-added agricultural exports in global markets.
Commodities Buffalo meat and non-basmati rice lead 14% surge in India's Q1 agri exports
India's agricultural exports monitored by APEDA rose 14% year-on-year in Q1 FY27 to $7.641 billion, driven by a 66% surge in buffalo meat (carabeef) and a 12% increase in non-basmati rice. Basmati rice shipments fell 3% in value, while pulses exports grew 52%.
Trade India’s Merchandise Exports Rise 15 Percent Despite Red Sea Crisis and Global Turmoil, Says Minister
Commerce and Industry Minister Piyush Goyal announced that India's merchandise exports have grown 15% during the April-July period of the current financial year, despite the Red Sea crisis and global turmoil. Delivering the JRD Tata Memorial Lecture 2026, Goyal attributed the resilience to strong economic fundamentals, even as businesses face uncertainty from West Asia conflicts and shipping disruptions. India also retained its status as the world's fastest-growing major economy with 7.7% growth in the previous financial year.
Trade India Smartphone Exports Surge 23% to $9.8 Billion in Q1 Driven by iPhone Shipments
According to Business-Today, India's smartphone exports rose 23.4% year-on-year to $9.8 billion in the first quarter (April-June), the highest ever. The growth was driven by strong iPhone shipments to the US, which accounted for 71% of export value in April-May. Industry estimates project exports could reach $35 billion in FY27, up from $29 billion in FY26.
Commodities Indian rice prices rise on El Nino factor but remain most competitive on f.o.b basis
Indian non-basmati rice prices have risen by over $18 per tonne in recent weeks due to El Nino concerns, but remain the most competitive on a free-on-board (f.o.b.) basis. The monsoon deficit and domestic price increases support prices, while carryover inventories prevent a return to historical peaks. BMI raised its price forecast, and India is expected to retain a 42% global market share.
Trade Global wheat rally revives India's export prospects as government allows 5 million tonnes of exports
India has authorised the export of 5 million tonnes of wheat after a four-year ban, according to the Economic Times. The decision follows a global wheat rally and a domestic surplus of 57.8 million tonnes in the central pool. The government had previously allowed an additional 2.5 million tonnes in April 2026.
Trade Assocham: India's exports to UK may reach USD 115 billion by 2030 under trade pact
Assocham has projected that the India-UK trade agreement, effective July 15, 2026, could more than double India's exports to the UK from USD 58 billion in FY2025-26 to USD 115 billion by 2030, while creating 7-10 lakh jobs. The chamber stressed the need for sustained competitiveness in quality, certification, and rules of origin compliance.
Trade Value Added Coffee Exports from India Rise 46% to $686 Million in 2025-26
India's exports of value added coffee rose by 46.58% over three years, reaching $686 million in 2025-26, according to Minister of State for Commerce and Industry Jitin Prasada. Overall coffee exports hit $2.083 billion, with Karnataka as the largest exporter and producer. The Coffee Board promotes freeze-dried instant coffee under the 'Coffees of India' logo.
Trade US Section 301 Tariffs Unlikely to Hit India's Exports, Textiles Need Close Watch, Says FIEO Chief
The US announced Section 301 tariffs of 10% and 12.5% on 60 economies on July 24, 2026, with India placed in the lower 10% category. FIEO chief Sahai stated the tariffs are unlikely to impact India's overall exports but noted that textiles need close watch as India was excluded from the textile TRQ exemption granted to some competitors. Products under Section 232 remain unaffected.
Commodities IISR and Spices Board Partner to Boost Spice Startups and Exports via Incubation
The ICAR-Indian Institute of Spices Research (IISR) has partnered with the Spices Board through its Agventure Technology Business Incubator (TBI) to support spice startups and export-oriented enterprises. The MoU establishes Agventure TBI as an incubation centre under the ASPIRE scheme, offering research commercialization, technology transfer, and market access.
Trade GTRI Questions US 10% Section 301 Tariff on Indian Exports, Says Measure Lacks Credible Evidence
Global Trade Research Initiative (GTRI) has questioned the US 10% Section 301 tariff on Indian exports, stating it lacks credible evidence of forced labour. India had amended its Foreign Trade Policy in June 2026 to prohibit forced labour imports, reducing the proposed tariff from 12.5%. Around 70% of India's exports to the US will now face MFN duty plus the 10% tariff, while 8% face existing Section 232 duties.
Trade US Imposes New Tariffs on 60 Trading Partners Over Forced Labour Claims
The United States is imposing new tariffs on imports from approximately 60 trading partners over allegations of inadequate action against forced labour. Duties range from 10% to 12.5% and target key economies including the UK, EU, Canada, Japan, and India, effective Friday. Canada faces additional 50% duties on some goods. The move escalates the global trade war reignited by President Donald Trump.
E-Commerce & Marketplaces Govt opens inventory-based e-commerce to foreign direct investment for exports only
The Indian government, through the Department for Promotion of Industry and Internal Trade (DPIIT), has amended the FDI policy to allow inventory-based e-commerce for exports only. This enables Indian manufacturers to use foreign investment to own inventory and sell directly to overseas buyers, while maintaining the existing prohibition on inventory-based B2C e-commerce domestically. The policy change aims to boost exports without affecting small domestic retailers.
Commodities India's Surging Refined Product Exports Ease Asia Fuel Crisis, Says Russell
India's exports of light and middle distillates are expected to reach 1.55 million barrels per day in July, the second-highest level in Kpler records since 2017, easing Asia's fuel crisis. The surge is driven by soaring product premiums after the breakdown of the US-Iran ceasefire, with Brent crude rising 34% from its post-deal low. Other exporters like Oman and Taiwan are also boosting output, but Asia's imports remain 18% below pre-conflict levels, indicating continued tightness.
Trade Trump's Generic Drug Tariffs Explained: What It Means for Indian Pharma Before the 200% Storm
US President Donald Trump unveiled a phased tariff plan for imported generic medicines: duty-free for two years from August 1, then 100% for one year, followed by 200%. For Indian drugmakers, the plan offers temporary relief but signals a long-term shift. India's pharma exports to the US account for 34% of total pharma exports, worth $30.47 billion in 2024-25. Leading companies with US manufacturing operations may have greater flexibility.
Trade India Targets 10% Share in Global Merchandise Exports by 2047: WTO Report
India aims to increase its share of global merchandise exports from about 1.8% in 2024 to around 10% by 2047, according to a WTO report. The report highlights export promotion under the Viksit Bharat vision, India's stance on WTO reform, and recent customs duty changes eliminating the highest rates.
Trade Uttarakhand Exports First Frozen French Fries Consignment to Iraq via APEDA
The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the first export of 24 metric tonnes of frozen french fries from Uttarakhand to Iraq. The consignment, shipped by Virun Global Trade Pvt. Ltd. from Kashipur, marks a milestone for value-added agricultural exports from the landlocked state. APEDA Chairman Abhishek Dev noted that logistics costs affect competitiveness and that APEDA is working with the Uttarakhand government on transport assistance under the State Agri-Export Policy.
Trade Downstream aluminium industry urges duty cut on primary aluminium and scrap to restore competitiveness
Downstream aluminium manufacturers have urged the Centre to reduce customs duty on primary aluminium and aluminium scrap, stating the current duty structure is hurting MSME competitiveness. In a joint representation to the mines ministry, industry bodies cited an effective import duty of 8.25% on primary aluminium and 2.75% on scrap, which has compressed margins by up to 70% and pushed input costs up 20-35% in the last three months. The associations also flagged the EU's Carbon Border Adjustment Mechanism as a future threat.
Commodities US firms sign $60 billion Iraq deals to expand oil exports beyond Strait of Hormuz
US companies signed roughly $60 billion in agreements with the Iraqi government on Friday, including deals to develop alternative oil export routes beyond the Strait of Hormuz. The agreements come amid the US-Iran war that has disrupted Hormuz shipments and caused oil price volatility. Chevron signed three agreements focused on boosting production and building a new pipeline. Goldman Sachs estimated pipelines could carry 60% of current Hormuz oil by 2028.
Trade Textile sector to sew loose ends as FTAs kick in
The operationalisation of the UK-India free trade agreement eliminates tariffs up to 12% on textile exports, bringing parity with competitors. Industry body Indian Texpreneurs Federation expects exports to double to a 12% share in 4-5 years, but experts caution about structural challenges.
Manufacturing Mexico Heavy-Duty Truck Production and Exports to US Rebound in June 2026
Mexico's heavy-duty truck manufacturing sector saw a rebound in June 2026, with production up 7.6% and exports up 3.2% year over year, driven by US market recovery. However, first-half totals remain below 2025 levels. Industry leaders urge preservation of USMCA rules.
India's Whole Cardamom Exports More Than Triple to $436.8 Million in 2025-26, Driven by Global Demand
India's exports of whole cardamom more than tripled in value to $436.8 million in 2025-26 from $131.9 million in 2023-24, according to Commerce Ministry data. Volumes more than doubled to 16,399 tonnes. Key markets include UAE, Saudi Arabia, and Bangladesh.
Commodities West Asia crisis subdues orthodox tea exports from Kochi auctions, prices slip
Escalating conflict in West Asia has severely curtailed orthodox tea exports from Kochi auctions, with shipments to GCC and other Gulf markets at a standstill. Underscoring the subdued demand, unsold quantities rose to 19% of the offered 269,479 kg in Sale 29, and average prices dipped ₹3 to ₹183 per kg. Exports are currently limited to Europe and Russia, with rising freight and shipment delays further pressuring trade.
Trade India-UK CETA takes effect: First zero-duty Indian coffee, jewellery consignments reach UK shores
The India-UK Comprehensive Economic Trade Agreement (CETA) took effect on July 15, 2026. The first zero-duty consignments of Indian coffee and jewellery have already arrived in the UK, displayed at a celebratory event at the High Commission of India in London. The agreement covers 99% of India's export tariff lines to the UK, with long-term bilateral trade expected to increase by £25.5 billion annually.