Exports decline in fiscal year 2025-26

The country’s export earnings fell 0.58% year-on-year to over $48 billion in the fiscal year ending 30 June, as per provisional data released by the Export Promotion Bureau (EPB) on Thursday.

A late export rebound in June lifted hopes for the current fiscal year, FY2026-27.

However, the weakening over the previous 11 months, from July 2025 to May 2026, was too much, and ultimately led to a full-year decline in fiscal year 2025-26.

Geopolitical tensions, weakening global demand, energy flow disruptions, and intensifying competition weighed on exports through the 11 months, the EPB estimated.

Export earnings were $48.28 billion in the 2025-26 fiscal year, significantly lower than the government’s ambitious $55 billion target.

Still, in the face of the headwinds, exports fell marginally from the previous 2024-25 fiscal year, reflecting resilience and adaptability in the export sector.

June, the final month of fiscal year 2025-26, recorded a nearly 26% growth from the same month the previous year. Goods worth $4.20 billion were exported in June 2026 compared with $3.33 billion in June 2025.

RMG sector led the growth with $3.38 billion earnings.