India is strengthening its export footprint across North America, Northeast Asia and Latin America, with the three regions together accounting for more than 35% of the country’s merchandise exports in FY26, according to commerce ministry data.
India’s merchandise exports stood at $441.78 billion during FY26, reflecting a gradual diversification of export destinations amid ongoing global trade disruptions and supply chain uncertainties. North America remained the largest export market, contributing exports worth $97.7 billion and accounting for 22.1% of total outbound shipments.
The strongest growth momentum came from Northeast Asia, where exports surged 21.6% year-on-year to $41.6 billion, driven by rising demand for Indian electronics, engineering products, chemicals and industrial goods. The region’s share in India’s exports rose to 9.4% during the fiscal year.
Exports to Latin America also maintained healthy growth, rising 7.8% to $16.4 billion and contributing 3.7% to India’s total exports. Trade experts said India’s expanding engagement with emerging markets reflects efforts to reduce dependence on traditional export destinations while leveraging new opportunities created through trade partnerships and supply chain realignments.