ଓଡ଼ିଆ | ENGLISH
ଓଡ଼ିଆ | ENGLISH

India sees strong export growth under FTAs; Singapore shipments double

The figures were highlighted during a press conference addressed by Commerce Secretary Rajesh Agrawal, which also covered recent developments in India's trade agreements, including the implementation of the India-New Zealand FTA and progress under the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA).
Published By : Ayushman Mishra | November 13, 2026 8:42 PM
India sees strong export growth under FTAs; Singapore shipments double

New Delhi, Nov 13: India's exports to key Free Trade Agreement (FTA) partner countries registered strong growth during April-September FY27, with shipments to Singapore surging 103 per cent, Malaysia rising 83 per cent and exports to ASEAN countries increasing 58 per cent, according to data presented by the Ministry of Commerce and Industry on Friday.

The figures were highlighted during a press conference addressed by Commerce Secretary Rajesh Agrawal, which also covered recent developments in India's trade agreements, including the implementation of the India-New Zealand FTA and progress under the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA).

According to the ministry's data, India's exports to Singapore more than doubled to USD 11.07 billion during April-September FY27, compared with USD 5.45 billion in the corresponding period last year.

Exports to ASEAN countries increased to USD 28.06 billion from USD 17.75 billion, while shipments to Malaysia rose to USD 5.58 billion from USD 3.05 billion during the same period.

Among other major trade partners, exports to Sri Lanka increased 73 per cent to USD 3.94 billion, while shipments to Oman grew 47 per cent to USD 3.29 billion. Exports to Japan rose 40 per cent to USD 4.10 billion, while shipments to South Korea registered a 24 per cent increase to USD 3.91 billion.

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The ministry's September trade data also highlighted strong growth in exports to several destinations. Shipments to Singapore recorded a year-on-year increase of 169.16 per cent, followed by Malaysia at 119.69 per cent. Exports to Egypt rose 90.09 per cent, while shipments to the United States and China increased 47.99 per cent and 24.05 per cent, respectively.

On the FTA front, the ministry highlighted that the India-New Zealand Free Trade Agreement, signed on April 27, 2026, entered into force on October 20, providing immediate zero-duty access for 100 per cent of Indian exports across all sectors.

Under the agreement, New Zealand has committed to facilitating USD 20 billion in investments into India across infrastructure, manufacturing, renewable energy, agricultural technology and micro, small and medium enterprises (MSMEs).

The agreement also provides mobility opportunities for Indian professionals, including 5,000 skilled visas, student work rights and post-study employment opportunities.

Meanwhile, the India-EFTA Trade and Economic Partnership Agreement (TEPA) completed one year since its entry into force. The second India-EFTA Prosperity Summit, held in New Delhi on October 7, witnessed investment announcements across manufacturing, energy, maritime, healthcare, food processing, aviation and infrastructure finance.

The summit also facilitated business-to-business engagements in advanced manufacturing, healthcare, clean energy and the blue economy.

According to the ministry, India's exports to EFTA-TEPA partner countries increased 5 per cent to USD 1.03 billion during April-September FY27, compared with USD 0.98 billion in the corresponding period last year. (with ANI inputs)