$942MIndia’s exports in FY 2025-26
134countries bought from India
+3%against FY 2024-25 ($910M)
1,38,83,771pieces shipped in FY 2025-26
India’s exports, year by year
US$, Indian financial years (April–March). Source: DGCI&S, Ministry of Commerce (Tradestat).
Biggest buyers, FY 2025-26
- United States
- Netherlands
- France
- Germany
- Singapore
- Italy
- China
- Spain
- United Arab Emirates
- Australia
Ranked by value. Country-by-country figures are not shown.
GST on this code
5% or 18%
- 5% — Charger or charging station for Electrically operated vehiclesNotification 9/2025-CT(R), Schedule I, entry 438
- 18% — Electrical transformers, static converters (for example, rectifiers) and inductors other than charger or charging station for Electrically operated vehiclesNotification 9/2025-CT(R), Schedule II, entry 477
GST on supply within India, as of 1 May 2026. Exports are zero-rated supplies.
Other codes in 8504.40
8504.40.10Static converters: Electric inverter$499M in FY 2025-268504.40.30Static converter, battery chargers$222M in FY 2025-268504.40.29Static converter, rectifier: Other$101M in FY 2025-268504.40.40Static converter, voltage Regulator and Stabilizers (other than automatic)$22M in FY 2025-268504.40.21Static converter, rectifier: Dip bridge rectifier$170K in FY 2025-26