India's presence extends from Latin America to North America! These three markets account for more than a third of its exports
North America, Northeast Asia, and Latin America collectively accounted for over 35% of India's total export basket during FY26. These figures indicate that India is expanding beyond traditional European markets and strengthening its trade presence in new and larger countries globally.
According to Commerce Ministry data, North America, Northeast Asia, and Latin America together account for over 35 percent of India's merchandise exports, reaching $441.78 billion in 2025-26,
reflecting a gradual shift towards a more diversified and resilient global trade structure. Exports to East Africa grew by 13.7 percent to $12.6 billion, accounting for 2.9 percent of India's total exports. Exports to North Africa grew by 14.8 percent to $8 billion, accounting for 1.8 percent.
An official said that India's exports saw increased geographical diversification in 2025-26. Despite global trade disruptions, exports to Asia, Africa, and Latin America recorded strong growth. According to the data,
while North America continued to dominate India's export basket—with exports worth $97.7 billion, accounting for 22.1 percent of total exports—growth here was relatively slow (1.3 percent year-on-year). This indicates that the demand base here is both mature and resilient.
Exports increased in Latin
The fastest growth was seen in Northeast Asia, where exports grew 21.6 percent to reach $41.6 billion. This region's share in India's total exports increased to 9.4 percent.
Demand for Indian electronics, engineering goods, chemicals, and industrial products is steadily growing in this region. This region includes countries like China, Japan, South Korea, North Korea, Mongolia, and Taiwan, which have advanced manufacturing industries.
Exports to Latin America also continued to expand healthily, rising 7.8 percent to reach $16.4 billion, contributing 3.7 percent to India's total exports.
Meanwhile, exports to West Africa and "Other West Asia" remained relatively stable, accounting for approximately 3 percent and 2 percent, respectively.
Smaller regions such as Central Africa and the Central Asian Republics also recorded consistent double-digit growth, although the growth base was relatively small.
Export Product Diversification
India's export diversification in FY26 was marked by a significant expansion in its product-market reach, with Indian exporters entering 1,821 new key commodity products.
The official said this trend reflects a gradual shift away from traditional commodity-based expansion towards broader participation in high-value manufacturing, engineering, agro-processing, and technology-intensive sectors.
The largest contribution by value came from the advanced engineering and industrial sectors. Ships, boats, and floating structures emerged as the largest single contributor, generating $57 million in revenue across 19 new markets. This reflects India's growing competitiveness in specialized marine manufacturing.
Access to new markets
Similarly, nuclear reactors, industrial boilers, and their components recorded revenues of $14.3 million in 13 new markets,
while telecom components expanded with exports of $5.8 million in 20 new markets. This signals India's growing integration into global industrial and technology supply chains.