EXPORTERS
Shipping data shows China trimming fuel exports, not halting
China is reducing refined fuel exports, not banning them. Shipments to countries like Malaysia and Australia continue. April export cuts are deeper than March. Hong Kong continues to receive robust fuel supplies. This comes as global fuel markets face tight supplies. China's actions are deliberate allocations, not blanket restrictions.
Govt strengthens DGFT Norms Committees to speed up export authorisations, cut delays
New reforms aim to speed up approvals for exporters. The Directorate General of Foreign Trade has enhanced Norms Committees operations. This includes fixed meetings and clearing old applications. More technical experts have joined the committees. These changes are expected to cut costs and speed up processes for businesses.
Exporters seek removal of cap on interest subvention
Indian exporters are calling on the government to lift the cap on interest subvention. They state current support is insufficient to counter rising global trade uncertainties. The Federation of Indian Export Organisations believes the subsidy scheme needs revision. This aims to provide more substantial relief to businesses facing higher borrowing costs and fluctuating export demand.
West Asia crisis: Govt expands export insurance scheme
India's government has expanded its RELIEF scheme to cover Jordan and Egypt. This move offers higher insurance to exporters facing disruptions from the West Asia crisis. The scheme aims to strengthen export resilience and sustain trade flows. Exporters obtaining new policies after March 16, 2026, are eligible. Reforms also target faster approvals for duty-free imports under the Advance Authorisation Scheme.
Chirag Paswan flags spice export quality issues, says rejections are “disheartening and embarrassing”
Union Minister Paswan highlighted spices’ historic role in India’s trade and their vast untapped potential beyond culinary use.
EU trade surplus shrinks 60% as US exports fall due to tariffs
The European Union's trade surplus saw a major drop in February. Exports to the United States fell by over a quarter. This decline is linked to US import tariffs on EU goods. Overall EU exports decreased, while imports also reduced. This situation impacts trade relations between the EU and the US.
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India’s current account deficit may rise to 2% of GDP in FY27 if oil stays at $82–87: CRISIL
Rising oil prices could push India's current account deficit to a concerning two percent of GDP, as highlighted by a Crisil report. This prediction hinges on the volatile global market conditions we’re currently facing. While US tariff reductions may bolster exports to some extent, the ongoing unrest in West Asia is another pivotal aspect that could affect the situation.
Labour-intensive sectors see steep fall in exports in March
The fiscal year 2026 brought a mixed bag for India's exports. On one hand, engineering goods, electronics, and pharmaceuticals excelled, driving growth. On the flip side, textiles and gems were hampered by market fluctuations. Disruptions in West Asia's trade routes complicated logistics, affecting shipments significantly. Interestingly, electronics imports surged, crossing the $100 billion threshold.
Pharma exports fall to five-year low in March amid West Asia crisis
India's pharma exports saw a sharp 23.17% fall in March. The West Asia war disrupted shipping routes and air transit hubs. This led to increased freight costs and potential losses of ₹2,500-₹5,000 crore. Despite strong growth earlier in FY26, the conflict impacted crucial transit points like Dubai and Abu Dhabi. This affected the flow of vital medicines to global markets.
EU’s CBAM expansion to impact Indian engg, auto parts, machinery exports: GTRI
India's exports of engineering goods, auto parts, and machinery to Europe face potential carbon tax hikes as the EU expands its Carbon Border Adjustment Mechanism. Starting 2028, the CBAM will cover a wider range of manufactured industrial goods, including stricter rules for recycled materials. This move could significantly impact Indian manufacturers exporting to the bloc.
Lulu Group heads to Ladakh to export 1500 MT Ladakhi apricots across foreign markets
Ladakh is set to export a significant amount of its famed apricots this season. A Memorandum of Understanding has been signed with Lulu International to export over 1000 metric tons of apricots. This initiative aims to boost farmer income and promote Ladakhi produce globally. Plans are also underway for an e-commerce portal to provide direct market access.
West Asia War: India could limit sulphur exports as supplies tighten, sources say
West Asia War: India may soon limit its sulphur exports. Industry groups have raised alarms about rising prices and supply chain issues. This move could further impact global sulphur costs. Middle Eastern supplies are already strained by regional conflicts. China will also restrict sulphuric acid exports next month. India relies heavily on imports for its sulphur needs.
EU's proposed CBAM expansion may impact Indian exporters: GTRI
The European Union is set to broaden its Carbon Border Adjustment Mechanism, which could lead to a spike in carbon tax expenses for Indian goods shipped to Europe. Exporters in India must quickly adapt by enhancing their emissions tracking and implementing decarbonisation strategies.
Engineering exports hit record high in FY26; govt support, FTAs boost growth: EEPC’s Chadha
Indian engineering exports achieved a record $122.43 billion in FY25-26. This growth occurred despite geopolitical tensions and trade policy shifts. The sector demonstrated remarkable resilience and adaptability.
India's Apple component exports to China surge to record $2.5 billion under ECMS scheme
India's electronics exports to China are experiencing a significant surge. Apple's component manufacturing scheme is driving this growth. Indian vendors are now exporting parts to China, a reversal of past trends. This development is expected to boost India's overall exports to China substantially. The success highlights the impact of government initiatives on the electronics sector.
Cannot absorb hike in wages: Noida exporters
Noida apparel exporters warn wage hikes and labour unrest may disrupt shipments, as rising costs and pressure from global buyers threaten orders, risking a shift to competing markets like Bangladesh and Vietnam.
India achieves record exports of USD 860 billion in 2025-26: Piyush Goyal
India has set a new export record, reaching $860 billion in shipments for the fiscal year 2025-26. This achievement surpasses the previous year's $825 billion. The nation's exports demonstrate resilience against global challenges. Nine new trade agreements are expected to boost this growth further, opening new markets and opportunities across various sectors.
India‘s textile and apparel exports degrow by -2.22% in FY 26: Govt Data
Indian textile and apparel exports saw a decline in fiscal year 26. Exports in March also registered a year-on-year drop. This comes after the US imposed high tariffs. Meanwhile, India's import of raw cotton increased significantly. This surge followed a period of eased import duties.
Government likely to roll out mobile PLI 2.0 with outlay of over $5 billion by May
India is set to introduce a new production-linked incentive scheme for mobile phone exports by May. This initiative will have an outlay exceeding USD 5 billion. The goal is to significantly boost the country's mobile phone exports. Discussions are ongoing with the finance ministry for final cabinet approval. This aims to double mobile phone exports from India.
India gem and jewellery exports rise to ₹2.44 lakh crore in FY26 amid global headwinds
In FY26, India's gem and jewellery sector reported an impressive ₹2,44,827.26 crore in exports, demonstrating a modest growth in rupee terms. However, exports in dollar value experienced a downturn amidst global market turbulence. To counter this, exporters expanded their reach, finding new opportunities in the UAE, Australia, and Canada.
India’s trade deficit narrows to $20.67 billion in March on West Asia risks
India's trade deficit saw a significant reduction in March. Exports increased while imports decreased. This improvement occurred despite rising tensions in West Asia. Geopolitical risks could impact future trade. Services exports continue to drive growth for India. Merchandise exports also saw a modest rise.
For FDI, E-comm exports must be in separate cart
India is considering allowing FDI in inventory-based e-commerce exclusively for exports. This move aims to boost outbound shipments without affecting domestic retailers. Strict safeguards, including physical segregation of warehouses, are being evaluated to ensure export-bound goods are not sold locally.
West Asia conflict: India's soybean meal exports fall 63%
India’s soybean meal exports dropped nearly 63% to 60,000 tonnes in March, hit by high domestic prices and disruptions from the West Asia conflict, according to Soybean Processors Association of India. Shipments to key markets like Iran and the UAE were affected. However, domestic demand stayed strong, with consumption rising to six lakh tonnes, supported by the animal feed industry.
India's gems, jewellery exports dip 35 per cent in March on US-Iran conflict: GJEPC
India's gems and jewellery exports saw a significant drop in March, largely due to the West Asia conflict impacting logistics and insurance costs. Despite this setback, the industry is exploring opportunities to become a rough diamond trading hub. While demand weakened in some key markets, other regions provided support. The council anticipates a recovery as geopolitical tensions ease.
China's March exports slow as Iran war wipes out AI-driven gains
China’s export growth slowed sharply in March to 2.5%, a five-month low, as the impact of the Middle East conflict and rising energy costs offset strong demand driven by artificial intelligence-related goods, according to customs data. While exports missed expectations, imports surged 27.8%, signalling resilient domestic demand. The slowdown marks an early test of whether AI-led export momentum can counter the global energy shock triggered by tensions around the Strait of Hormuz, which handles a significant share of global oil and gas flows.
BEML secures $36.38 million export order from Middle East region
BEML Ltd, hailing from Bengaluru, has clinched a monumental export deal valued at USD 36.38 million with clients in the Gulf region. This order, focusing on heavy earthmoving machinery re-engineered for robust infrastructure projects, emphasizes BEML's ambition of carving a niche on the global infrastructure stage.
India raises export duty on diesel, ATF
India has significantly increased export duties on diesel and aviation turbine fuel. This move aims to boost government revenue and ensure sufficient domestic fuel supply. The export duty on diesel now stands at ₹55.50 per litre, and on ATF at ₹42 per litre. These changes are a response to rising global crude oil prices following the Iran war.
Rice export rules relaxed for select European countries
India has eased rice export rules for many European nations. An inspection certificate from EIC/EIAs is now only required for exports to the EU, UK, Iceland, Liechtenstein, Norway, and Switzerland. Other European countries are exempt for six months. New rules also align feather and skin export policies with EU and UK regulations.
India eases rules for rice exports to some European countries
India has eased export rules for rice. Basmati and non-basmati rice can now be shipped to certain European nations. This is without the usual inspection certificate from its export agency. This exemption is for a period of six months. The rule applies to EU member states, the United Kingdom, Iceland, Liechtenstein, Norway, and Switzerland. Other European countries are already exempt.
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