ASEAN, Africa lead India's export growth in first two months of FY27
Last Updated:July 19, 2026, 19:00 ISTRepresentational image (Image: News18)New Delhi, Jul 19 (PTI) Asean and African regions emerged as the biggest contributors to India’s export growth during the first two. . .
Last Updated:July 19, 2026, 19:00 ISTRepresentational image (Image: News18)New Delhi, Jul 19 (PTI) Asean and African regions emerged as the biggest contributors to India’s export growth during the first two months of the current fiscal, according to the commerce ministry data. During April-May 2026-27, exports rose 16. 09 per cent year-on-year to USD 88. 91 billion. Recommended StoriesThe data showed that the country’s exports to Asean (Association of South East Asian nations) jumped 66. 9 per cent to USD 10. 5 billion from USD 6. 3 billion a year ago, while shipments to Africa surged 53. 1 per cent to USD 9. 6 billion from USD 6. 3 billion. Together, these two regions have added over USD 7. 6 billion in exports compared with the corresponding period of the previous fiscal, accounting for a significant share of India’s overall export expansion. Further, despite modest growth, NAFTA (US, Canada and Mexico) remained India’s largest export destination with shipments rising 2. 6 per cent to USD 19. 3 billion from USD 18. 8 billion, while exports to Europe increased 4 per cent to USD 17 billion from USD 16. 4 billion. Exports to North East Asia also recorded robust growth of 30. 7 per cent to USD 8. 3 billion, while South Asia registered a 40. 2 per cent rise to USD 6. 1 billion. Similarly, shipments to Latin America and the Caribbean (LAC) grew 12. 5 per cent to USD 3 billion, Oceania (Australia and New Zealand) recorded a 29 per cent increase to USD 2. 1 billion, and exports to the CIS (commonwealth of independent states) countries rose 7. 7 per cent to USD 1. 1 billion. CIS nations include Russia, Armenia, Belarus, and Kazakhstan. The data indicated that regions outside north America and Europe now account for more than half of India’s exports, underscoring the country’s strategy of diversifying export destinations amid global economic uncertainties. India’s total exports of goods and services during April-May FY27 were estimated at USD 162. 69 billion, up 14. 66 per cent over the year-ago period. PTI RR HVA(This story has not been edited by News18 staff and is published from a syndicated news agency feed -PTI)News18 NewsletterHandpicked stories, in your inboxA newsletter with the best of our journalismKey Questions AnsweredIndia's export diversification is driven by a strategic shift towards emerging markets like ASEAN and Africa, alongside a focus on manufacturing-led growth in sectors such as engineering goods and electronics. First Published:July 19, 2026, 19:00 ISTNewsagency-feedsASEAN, Africa lead India's export growth in first two months of FY27Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to ourTerms of UseandPrivacy Policy. Loading comments. . . Read More