The Commerce Ministry in its latest data has indicated that India's merchandise exports to the United States (US) declined 12.88 per cent year-on-year to $6.88 billion in February 2026 impacted by high tariffs imposed by the US. Exports to the US also contracted in September, October, December last year and January this year, before rebounding 22.61% in November. On the other hand, imports from the US grew 36.53 per cent to $4.48 billion in February. On a cumulative basis, the country's exports to the US rose 3.84 per cent to $79.29 billion during the April-February period of this fiscal year, while imports rose 15.65 per cent to $48.4 billion.

According to the data, the country's exports to China rose 32.37 per cent to $1.67 billion, while imports surged 30.49 per cent to $11.95 billion. During the 11-month period of FY26, the country's exports to China increased 37.66 per cent to $17.54 billion, while imports rose 15.21 per cent to $119.55 billion. India’s trade deficit with China has reached $102.01 billion during in April-February period of this fiscal. 

It further said India's exports to Germany, Hong Kong, Italy, Nepal, France, Brazil, Spain, Belgium, Malaysia and Vietnam saw positive growth during the month under review. However, exports to the UK, the Netherlands, the UK, Saudi Arabia, Bangladesh, Singapore, Australia, and South Africa registered negative growth. On the imports front, shipments in February declined from the UAE, Russia, Germany, Thailand and Qatar. However, imports rose from Saudi Arabia, Iraq, Switzerland, Singapore, Hong Kong, Japan, Korea and Indonesia.