Page 27 - FIPI - Policy & Economic Report May 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Merchandise Trade Performance

? Merchandise exports increased to US$43.56 billion in April 2026 from US$38.28 billion in April
2025.

? Merchandise imports rose to US$71.94 billion compared to US$65.38 billion during the same
period last year.

? Non-petroleum and non-gems & jewellery exports increased to US$31.64 billion from US$28.66
billion.

? Non-petroleum and non-gems & jewellery imports rose to US$45.87 billion from US$39.75 billion.
? Growth in non-petroleum exports indicates continued strength in diversified manufacturing and

industrial exports.
? Rising imports reflect stronger domestic demand and industrial activity.

Figure 14: Merchandise Trade during April 2026

Source: Ministry of Commerce & Industry

Geographical Trends

Export diversification across regions continued during April 2026, with strong growth observed in several
Asian and African markets.

• Top export destinations (April 2026 growth):
o Sri Lanka (214.65%)
o Singapore (179.18%)
o Tanzania (157.63%)
o Hong Kong (90.61%)
o Bangladesh (64.16%)

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