Unexpected markets powered India’s exports surge in April, shows data

Led by strong growth in exports to Sri Lanka (214.7 per ce­nt), Singapore (179.2 per cent), Tanzania (157.6 per cent), and Ho­ng Kong (90.6 per cent), India’s goods exports rose 13.8 per cent to $43.56 billion in the first month of FY27. Strong exports growth was also recorded to Bangladesh (64.2 per cent), Austr­alia (55 per cent), Malaysia (59.7 per cent) and China (27 per cent). Exports to other West Asian economies such as Qatar 

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(-76 per cent), Kuwait (-74.1 per cent), Iraq (-68.7), Iran (-63.8 per cent) and Saudi Arab (-2.9 per cent) declined sharply.

Singapore overtook the UAE to become Ind­ia’s second-largest export destination in April, with its share in India’s export basket rising to 7 per cent from 3 per cent a year ago. China and Bangladesh also overtook the Netherlands to become the third- and fourth-largest export destinations, respectively.