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    Customs, DGFT & SEZ

    India’s total exports estimated to grow at 10.25 % in May 2024; cumulative overall exports during April-May 2024 estimated to grow at 9.21%

    June 14, 2024

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    Merchandise exports register positive growth of 9.10% at USD 38.13 Billion in May 2024 as compared to USD 34.95 Billion in May 2023

    Cumulative value of exports during April-May 2024 stands at USD 73.12 Billion as compared to USD 69.57 Billion during April-May 2023, registering a positive growth of 5.10%

    Non-petroleum & Non-Gems & Jewellery exports register an increase of 8.83% from USD 26.27 Billion in May 2023 to USD 28.60 Billion in May 2024

    Major drivers of merchandise exports growth in May 2024 include Petroleum Products, Engineering Goods, Electronic Goods, Drugs & Pharmaceuticals, RMG of all Textiles and Plastic & Linoleum

    Petroleum products exports increase by 15.75% from USD 5.85 Billion in May 2023 to USD 6.78 Billion in May 2024

    Engineering Goods exports increase by 7.39% from USD 9.3 Billion in May 2023 to USD 9.99 Billion in May 2024

    Electronic goods exports increase by 22.97% from USD 2.41 Billion in May 2023 to USD 2.97 Billion in May 2024

    Drugs and pharmaceuticals exports increase by 10.45% from USD 2.08 Billion in May 2023 to USD 2.30 Billion in May 2024

    RMG of all Textiles exports increase by 9.84% from USD 1.24 Billion in May 2023 to USD 1.36 Billion in May 2024

    Plastic & Linoleum exports increase by 16.6% from USD 0.65 Billion in May 2023 to USD 0.76 Billion in May 2024

    India’s total exports (Merchandise and Services combined) for May 2024* is estimated at USD 68.29 Billion, registering a positive growth of 10.25 percent vis-à-vis May 2023.Total imports (Merchandise and Services combined) for May 2024* is estimated at USD 79.20 Billion, registering a positive growth of 7.95 percent vis-à-vis May 2023.

    Table 1: Trade during May 2024*

     

     

    May 2024

    (USD Billion)

    May 2023

    (USD Billion)

    Merchandise

    Exports

    38.13

    34.95

    Imports

    61.91

    57.48

    Services*

    Exports

    30.16

    26.99

    Imports

    17.28

    15.88

    Total Trade

    (Merchandise +Services) *

    Exports

    68.29

    61.95

    Imports

    79.20

    73.36

    Trade Balance

    -10.90

    -11.41

    * Note: The latest data for services sector released by RBI is for April2024. The data for May 2024 is an estimation, which will be revised based on RBI’s subsequent release.

    Fig 1: Total Trade during May 2024*

    India’s total exports during April-May2024* is estimated at USD 133.61 Billion registering a positive growth of 9.21 percent. Total imports during April-May 2024* is estimated at USD 149.92 Billion registering a growth of 9.93 percent.

    Table 2: Trade during April-May 2024*

     

     

    April-May 2024

    (USD Billion)

    April-May 2023

    (USD Billion)

    Merchandise

    Exports

    73.12

    69.57

    Imports

    116.01

    106.54

    Services*

    Exports

    60.49

    52.77

    Imports

    33.91

    29.84

    Total Trade

    (Merchandise +Services) *

    Exports

    133.61

    122.35

    Imports

    149.92

    136.38

    Trade Balance

    -16.31

    -14.03

     

    Fig 2: Total Trade during April-May 2024* 

      

    MERCHANDISE TRADE

    • Merchandise exports during May 2024 were USD 38.13 Billion as compared to USD 34.95 Billion in May 2023.

    • Merchandise imports during May 2024 were USD 61.91 Billion as compared to USD 57.48 Billion in May 2023.

    Fig 3: Merchandise Trade during May 2024

    • Merchandise exports during April-May 2024 were USD 73.12 Billion as compared to USD 69.57Billion during April-May 2023.

    • Merchandise imports during April-May 2024 were USD 116.01 Billion compared to USD 106.54 Billion during April-May 2023.

    • Merchandise trade deficit during April-May 2024 was USD 42.89 Billion compared to USD 36.97 Billion during April-May 2023.

    Fig4: Merchandise Trade during April-May 2024

    • Non-petroleum and non-gems & jewellery exports in May 2024 were USD 28.60Billion compared to USD 26.27Billion in May 2023.

    • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in May 2024 were USD 36.59Billion compared to USD 36.31Billion in May 2023.

    Table 3: Trade excluding Petroleum and Gems &Jewellery during May 2024

     

    May 2024

    (USD Billion)

    May 2023

    (USD Billion)

    Non- petroleum exports

    31.36

    29.10

    Non- petroleum imports

    41.97

    41.91

    Non-petroleum &Non-Gems & Jewellery exports

    28.60

    26.27

    Non-petroleum &Non-Gems & Jewellery imports

    36.59

    36.31

    Note: Gems &Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

    Fig 5: Trade excluding Petroleum and Gems &Jewellery during May 2024

    • Non-petroleum and non-gems & jewellery exports in April-May 2024 were USD 54.71 Billion, compared to USD 52.05 Billion in April-May 2023.

    • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-May 2024 were USD 69.31 Billion, compared to USD 68.44 Billion in April-May 2023.

    Table 4: Trade excluding Petroleum and Gems &Jewellery during April-May 2024

     

    April-May 2024

    (USD Billion)

    April-May 2023

    (USD Billion)

    Non- petroleum exports

    59.73

    57.30

    Non- petroleum imports

    79.60

    77.27

    Non-petroleum &Non Gems & Jewellery exports

    54.71

    52.05

    Non-petroleum &Non Gems & Jewellery imports

    69.31

    68.44

    Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

    Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-May 2024

    SERVICES TRADE

    • The estimated value of services export for May 2024* is USD 30.16 Billion as compared to USD 26.99Billion in May 2023.

    • The estimated value of services imports for May 2024* is USD 17.28 Billion as compared to USD 15.88Billion in May 2023.

     

    Fig 7: Services Trade during May 2024*

    • The estimated value of service exports during April-May 2024* is USD 60.49 Billion as compared to USD 52.77 Billion in April-May 2023.

    • The estimated value of service imports during April-May 2024* is USD 33.91 Billion as compared to USD 29.84 Billion in April-May 2023.

    • The services trade surplus for April-May 2024* is USD 26.58 Billion as compared to USD 22.94 Billion in April-May 2023.

    Fig 8: Services Trade during April-May 2024*

    Exports of Coffee (64.23%), Tobacco (58.38%), Electronic Goods (22.97%), Meat, dairy & poultry products (22.95%), Fruits & Vegetables (20.75%), Handicrafts excl. handmade carpet (20.63%), Tea (19.57%), Carpet (17.55%), Plastic & Linoleum (16.6%), Petroleum Products (15.75%), Cereal preparations & miscellaneous processed items (14.31%), Drugs & Pharmaceuticals (10.45%), RMG of all Textiles (9.84%), Cotton Yarn/Fabs./made-ups, Handloom Products etc. (9.75%), Engineering Goods (7.39%), Oil seeds (5.75%), Man-made Yarn/Fabs./made-ups etc. (4.65%), Organic & Inorganic Chemicals (3.21%), Rice (2.76%) and Mica, Coal & Other Ores, Minerals including processed minerals (1.08%) record positive growth during May 2024 over the corresponding month of last year.

    Imports of Project goods (-44.31%), Coal, Coke & Briquettes, etc.(-26.55%),Cotton Raw & Waste(-24.46%),Sulphur & Unroasted Iron Pyrts(-20.92%), Fertilisers, Crude & manufactured(-20.42%), Leather & leather products(-20.05%), Chemical material & products (-9.81%), Gold (-9.76%), Wood & Wood products(-7.2%),Iron & Steel (-6.65%),Dyeing/tanning/colouring mtrls.(-5.1%),Newsprint(-4.49%), Textile yarn Fabric, made-up articles(-1.15%) and Organic & Inorganic Chemicals(-0.49%) record negative growth during May 2024 over the corresponding month of last year.

    Services exports is estimated to grow by 14.63percent during April-May 2024* over April-May 2023.

    Top 5 export destinations, in terms of change in value, exhibiting positive growth in May 2024 vis a vis May 2023 are U S A (13.06%), Netherland (43.92%), U Arab Emts (19.43%), Malaysia (86.95%) and U K (33.54%).

    Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-May 2024 vis a vis April-May 2023 are U S A (12.66%), Netherland (40.87%), U Arab Emts (16.16%), Singapore (36.65%) and Malaysia (64.03%).

    Top 5 import sources, in terms of change in value, exhibiting growth in May 2024 vis a vis May 2023 are U Arab Emts (49.93%), Iraq (58.68%), Russia (18.02%), Angola (1274.95%) and Indonesia (23.36%).

    Top 5 import sources, in terms of change in value, exhibiting growth in April-May 2024 vis a vis April-May2023 are Russia (19.89%), U Arab Emts (28.83%), Iraq (34.12%), Switzerland (26.43%) and Angola (256.01%).

    QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024

     TRADE: EXPORT

    Sl. No.

    Commodities

    Values in Million USD

    % Change

    MAY'23

    APR'23-MAY'23

    MAY'24

    APR'24-MAY'24

    MAY'24

    APR'24-MAY'24

    1

    Tea

    54.07

    101.82

    64.66

    124.70

    19.57

    22.47

    2

    Coffee

    112.97

    231.44

    185.54

    322.80

    64.23

    39.48

    3

    Rice

    977.28

    1977.53

    1004.29

    1956.36

    2.76

    -1.07

    4

    Other cereals

    104.45

    167.98

    19.37

    41.58

    -81.45

    -75.25

    5

    Tobacco

    91.27

    196.12

    144.56

    263.26

    58.38

    34.24

    6

    Spices

    453.07

    814.37

    361.17

    766.79

    -20.28

    -5.84

    7

    Cashew

    28.17

    55.25

    20.91

    43.23

    -25.79

    -21.75

    8

    Oil Meals

    150.98

    349.47

    113.00

    246.22

    -25.16

    -29.54

    9

    Oil seeds

    103.85

    239.99

    109.82

    222.54

    5.75

    -7.27

    10

    Fruits & Vegetables

    245.10

    558.37

    295.97

    589.12

    20.75

    5.51

    11

    Cereal preparations & miscellaneous processed items

    230.77

    464.74

    263.79

    509.45

    14.31

    9.62

    12

    Marine Products

    599.27

    1166.89

    575.84

    1070.03

    -3.91

    -8.30

    13

    Meat, dairy & poultry products

    307.75

    647.93

    378.37

    699.81

    22.95

    8.01

    14

    Iron Ore

    288.90

    643.75

    268.76

    414.63

    -6.97

    -35.59

    15

    Mica, Coal & Other Ores, Minerals including processed minerals

    382.48

    773.46

    386.60

    727.79

    1.08

    -5.90

    16

    Leather & leather products

    369.18

    695.97

    361.31

    664.62

    -2.13

    -4.51

    17

    Ceramic products & glassware

    373.07

    736.78

    360.19

    700.17

    -3.45

    -4.97

    18

    Gems &Jewellery

    2823.14

    5248.45

    2759.94

    5017.83

    -2.24

    -4.39

    19

    Drugs & Pharmaceuticals

    2084.06

    4346.03

    2301.88

    4730.66

    10.45

    8.85

    20

    Organic & Inorganic Chemicals

    2237.01

    4375.35

    2308.75

    4805.17

    3.21

    9.82

    21

    Engineering Goods

    9300.75

    18250.12

    9988.43

    18653.96

    7.39

    2.21

    22

    Electronic Goods

    2414.22

    4521.83

    2968.66

    5619.97

    22.97

    24.29

    23

    Cotton Yarn/Fabs./made-ups, Handloom Products etc.

    919.88

    1807.70

    1009.61

    1956.46

    9.75

    8.23

    24

    Man-made Yarn/Fabs./made-ups etc.

    395.43

    788.36

    413.82

    782.17

    4.65

    -0.79

    25

    RMG of all Textiles

    1235.81

    2446.66

    1357.40

    2555.79

    9.84

    4.46

    26

    Jute Mfg. including Floor Covering

    30.38

    63.79

    28.79

    55.91

    -5.21

    -12.36

    27

    Carpet

    111.23

    216.40

    130.75

    241.84

    17.55

    11.76

    28

    Handicrafts excl. handmade carpet

    123.37

    245.46

    148.82

    273.82

    20.63

    11.55

    29

    Petroleum Products

    5854.37

    12274.93

    6776.29

    13390.59

    15.75

    9.09

    30

    Plastic & Linoleum

    650.79

    1297.65

    758.81

    1424.76

    16.60

    9.79

     

    Sub-Total

    33053.08

    65704.59

    35866.10

    68872.03

    8.51

    4.82

     

     GRAND   TOTAL

    34952.48

    69570.93

    38132.48

    73116.68

    9.10

    5.10

    Note 1: Exports include Re-Exports.

    Note 2: The figures for MAY’24 are provisional.

    Note 3: Grand total is inclusive of component ‘Other

    QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024

     TRADE: EXPORT

    Sl. No.

    Commodities

    Values in Rs Crore

    % Change

    MAY'23

    APR'23-MAY'23

    MAY'24

    APR'24-MAY'24

    MAY'24

    APR'24-MAY'24

    1

    Tea

    445.25

    836.89

    539.19

    1040.01

    21.10

    24.27

    2

    Coffee

    930.24

    1901.90

    1547.24

    2692.12

    66.33

    41.55

    3

    Rice

    8047.28

    16251.37

    8375.09

    16315.86

    4.07

    0.40

    4

    Other cereals

    860.11

    1381.16

    161.57

    346.74

    -81.21

    -74.89

    5

    Tobacco

    751.53

    1611.53

    1205.49

    2195.58

    60.40

    36.24

    6

    Spices

    3730.72

    6694.10

    3011.91

    6395.04

    -19.27

    -4.47

    7

    Cashew

    232.00

    454.08

    174.37

    360.57

    -24.84

    -20.59

    8

    Oil Meals

    1243.20

    2871.27

    942.30

    2053.48

    -24.20

    -28.48

    9

    Oil seeds

    855.11

    1971.80

    915.79

    1855.98

    7.10

    -5.87

    10

    Fruits & Vegetables

    2018.26

    4587.71

    2468.14

    4913.20

    22.29

    7.09

    11

    Cereal preparations & miscellaneous processed items

    1900.26

    3819.29

    2199.82

    4248.76

    15.76

    11.24

    12

    Marine Products

    4934.62

    9590.24

    4802.14

    8923.96

    -2.68

    -6.95

    13

    Meat, dairy & poultry products

    2534.13

    5324.32

    3155.34

    5836.33

    24.51

    9.62

    14

    Iron Ore

    2378.90

    5289.43

    2241.24

    3457.93

    -5.79

    -34.63

    15

    Mica, Coal & Other Ores, Minerals including processed minerals

    3149.48

    6356.28

    3224.00

    6069.73

    2.37

    -4.51

    16

    Leather & leather products

    3039.94

    5720.31

    3013.07

    5542.82

    -0.88

    -3.10

    17

    Ceramic products & glassware

    3071.95

    6055.14

    3003.69

    5839.36

    -2.22

    -3.56

    18

    Gems &Jewellery

    23246.67

    43139.29

    23015.97

    41848.08

    -0.99

    -2.99

    19

    Drugs & Pharmaceuticals

    17160.82

    35713.69

    19196.08

    39453.54

    11.86

    10.47

    20

    Organic & Inorganic Chemicals

    18420.26

    35959.11

    19253.38

    40074.95

    4.52

    11.45

    21

    Engineering Goods

    76585.46

    149988.87

    83296.39

    155572.11

    8.76

    3.72

    22

    Electronic Goods

    19879.48

    37166.23

    24756.49

    46870.06

    24.53

    26.11

    23

    Cotton Yarn/Fabs./made-ups, Handloom Products etc.

    7574.63

    14856.58

    8419.45

    16316.75

    11.15

    9.83

    24

    Man-made Yarn/Fabs./made-ups etc.

    3256.08

    6478.96

    3450.98

    6523.21

    5.99

    0.68

    25

    RMG of all Textiles

    10176.08

    20107.55

    11319.73

    21315.07

    11.24

    6.01

    26

    Jute Mfg. including Floor Covering

    250.12

    524.21

    240.12

    466.25

    -4.00

    -11.06

    27

    Carpet

    915.91

    1778.54

    1090.33

    2016.96

    19.04

    13.41

    28

    Handicrafts excl. handmade carpet

    1015.87

    2017.24

    1241.04

    2283.61

    22.17

    13.20

    29

    Petroleum Products

    48206.79

    100868.75

    56509.45

    111676.65

    17.22

    10.71

    30

    Plastic & Linoleum

    5358.82

    10664.45

    6327.96

    11882.33

    18.08

    11.42

     

    Sub-Total

    272170.00

    539980.30

    299097.77

    574387.07

    9.89

    6.37

     

     GRAND   TOTAL

    287810.22

    571753.51

    317997.81

    609787.03

    10.49

    6.65

    Note 1: Grand total is inclusive of component ‘Other’.

    Note 2: The figures for MAY’24 are provisional.

    QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024

     TRADE: IMPORT

    Sl. No.

    Commodities

    Values in Million USD

    % Change

    MAY'23

    APR'23-MAY'23

    MAY'24

    APR'24-MAY'24

    MAY'24

    APR'24-MAY'24

    1

    Cotton Raw & Waste

    58.09

    103.39

    43.88

    81.79

    -24.46

    -20.89

    2

    Vegetable Oil

    1140.09

    2218.38

    1453.12

    2790.55

    27.46

    25.79

    3

    Pulses

    131.84

    282.79

    370.91

    781.99

    181.34

    176.53

    4

    Fruits & vegetables

    218.28

    417.87

    224.80

    479.60

    2.99

    14.77

    5

    Pulp and Waste paper

    136.50

    283.04

    167.90

    311.22

    23.01

    9.96

    6

    Textile yarn Fabric, made-up articles

    188.24

    349.50

    186.08

    347.92

    -1.15

    -0.45

    7

    Fertilisers, Crude & manufactured

    1180.48

    1831.76

    939.37

    1536.57

    -20.42

    -16.12

    8

    Sulphur & Unroasted Iron Pyrites

    6.59

    28.89

    5.21

    11.51

    -20.92

    -60.14

    9

    Metaliferrous ores & other minerals

    925.04

    1483.98

    966.33

    1557.61

    4.46

    4.96

    10

    Coal, Coke & Briquettes, etc.

    4492.28

    7998.80

    3299.74

    6395.68

    -26.55

    -20.04

    11

    Petroleum, Crude & products

    15574.12

    29267.92

    19948.63

    36411.05

    28.09

    24.41

    12

    Wood &  Wood products

    581.68

    1119.50

    539.77

    1001.69

    -7.20

    -10.52

    13

    Leather & leather products

    95.04

    156.66

    75.98

    138.07

    -20.05

    -11.87

    14

    Organic & Inorganic Chemicals

    2561.36

    4894.29

    2548.81

    4754.82

    -0.49

    -2.85

    15

    Dyeing/tanning/colouring materials

    354.07

    688.19

    336.03

    661.35

    -5.10

    -3.90

    16

    Artificial resins, plastic materials, etc.

    1883.78

    3782.11

    1888.33

    3591.90

    0.24

    -5.03

    17

    Chemical material & products

    1057.05

    2044.72

    953.30

    1865.00

    -9.81

    -8.79

    18

    Newsprint

    39.72

    63.85

    37.94

    65.09

    -4.49

    1.94

    19

    Pearls, precious & Semi-precious stones

    1878.65

    3986.89

    1909.50

    3572.58

    1.64

    -10.39

    20

    Iron & Steel

    1824.30

    3530.95

    1703.00

    3269.02

    -6.65

    -7.42

    21

    Non-ferrous metals

    2047.76

    3816.11

    2070.52

    3848.63

    1.11

    0.85

    22

    Machine tools

    397.19

    726.64

    445.82

    846.00

    12.24

    16.43

    23

    Machinery, electrical & non-electrical

    4138.33

    8069.01

    4148.68

    7940.30

    0.25

    -1.60

    24

    Transport equipment

    2341.05

    4486.76

    3087.28

    5227.74

    31.88

    16.51

    25

    Project goods

    56.78

    88.97

    31.62

    69.35

    -44.31

    -22.05

    26

    Professional instrument, Optical goods, etc.

    628.86

    1205.43

    643.79

    1269.67

    2.37

    5.33

    27

    Electronic goods

    6702.87

    13111.28

    7149.18

    14200.43

    6.66

    8.31

    28

    Medicinal & Pharmaceutical products

    702.49

    1279.88

    763.43

    1447.01

    8.67

    13.06

    29

    Gold

    3693.47

    4701.47

    3333.03

    6447.66

    -9.76

    37.14

    30

    Silver

    27.15

    140.04

    137.93

    272.07

    407.99

    94.28

     

    Sub-Total

    55063.15

    102159.08

    59409.91

    111193.87

    7.89

    8.84

     

     GRAND   TOTAL

    57481.42

    106537.53

    61914.33

    116009.84

    7.71

    8.89

    Note 1: Imports include Re-Imports.

    Note 2: The figures for MAY’24 are provisional.

    Note 3: Grand total is inclusive of component ‘Other’.

    QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024

     TRADE: IMPORT

    Sl. No.

    Commodities

    Values in Rs Crore

    % Change

    MAY'23

    APR'23-MAY'23

    MAY'24

    APR'24-MAY'24

    MAY'24

    APR'24-MAY'24

    1

    Cotton Raw & Waste

    478.35

    849.89

    365.90

    682.10

    -23.51

    -19.74

    2

    Vegetable Oil

    9387.85

    18232.11

    12118.03

    23273.01

    29.08

    27.65

    3

    Pulses

    1085.59

    2323.72

    3093.09

    6521.73

    184.92

    180.66

    4

    Fruits & vegetables

    1797.41

    3434.43

    1874.66

    3999.84

    4.30

    16.46

    5

    Pulp and Waste paper

    1123.97

    2325.90

    1400.13

    2595.54

    24.57

    11.59

    6

    Textile yarn Fabric, made-up articles

    1550.03

    2872.74

    1551.75

    2901.58

    0.11

    1.00

    7

    Fertilisers, Crude & manufactured

    9720.49

    15062.35

    7833.71

    12814.69

    -19.41

    -14.92

    8

    Sulphur & Unroasted Iron Pyrites

    54.25

    237.16

    43.44

    96.02

    -19.93

    -59.51

    9

    Metaliferrous ores & other minerals

    7617.10

    12201.53

    8058.49

    12990.14

    5.79

    6.46

    10

    Coal, Coke & Briquettes, etc.

    36990.90

    65751.67

    27517.52

    53339.54

    -25.61

    -18.88

    11

    Petroleum, Crude & products

    128242.46

    240560.06

    166357.38

    303663.80

    29.72

    26.23

    12

    Wood &  Wood products

    4789.71

    9200.97

    4501.34

    8354.01

    -6.02

    -9.21

    13

    Leather & leather products

    782.59

    1288.02

    633.63

    1151.50

    -19.03

    -10.60

    14

    Organic & Inorganic Chemicals

    21091.10

    40225.98

    21255.23

    39654.66

    0.78

    -1.42

    15

    Dyeing/tanning/colouring materials

    2915.53

    5656.03

    2802.26

    5515.65

    -3.89

    -2.48

    16

    Artificial resins, plastic materials, etc.

    15511.64

    31081.93

    15747.30

    29956.09

    1.52

    -3.62

    17

    Chemical material & products

    8704.07

    16805.03

    7949.83

    15553.92

    -8.67

    -7.44

    18

    Newsprint

    327.11

    525.02

    316.41

    542.88

    -3.27

    3.40

    19

    Pearls, precious & Semi-precious stones

    15469.46

    32761.41

    15923.88

    29795.00

    2.94

    -9.05

    20

    Iron & Steel

    15021.87

    29019.93

    14201.85

    27263.41

    -5.46

    -6.05

    21

    Non-ferrous metals

    16861.94

    31366.05

    17266.69

    32097.20

    2.40

    2.33

    22

    Machine tools

    3270.61

    5972.79

    3717.80

    7055.56

    13.67

    18.13

    23

    Machinery, electrical & non-electrical

    34076.37

    66316.12

    34597.05

    66221.42

    1.53

    -0.14

    24

    Transport equipment

    19276.98

    36876.28

    25745.71

    43598.39

    33.56

    18.23

    25

    Project goods

    467.56

    731.57

    263.65

    578.35

    -43.61

    -20.94

    26

    Professional instrument, Optical goods, etc.

    5178.21

    9907.35

    5368.77

    10589.02

    3.68

    6.88

    27

    Electronic goods

    55193.68

    107755.96

    59619.12

    118430.73

    8.02

    9.91

    28

    Medicinal & Pharmaceutical products

    5784.53

    10520.35

    6366.50

    12067.99

    10.06

    14.71

    29

    Gold

    30413.23

    38680.91

    27795.08

    53772.97

    -8.61

    39.02

    30

    Silver

    223.58

    1149.48

    1150.21

    2268.98

    414.45

    97.39

     

    Sub-Total

    453408.16

    839692.71

    495436.41

    927345.74

    9.27

    10.44

     

     GRAND   TOTAL

    473321.02

    875683.13

    516321.52

    967510.51

    9.08

    10.49

    Note 1: Grand total is inclusive of component ‘Other’.

    Note 2: The figures for MAY’24 are provisional.

    QUICK ESTIMATES FOR SELECTED COUNTRIES FOR MAY 2024

    TRADE: EXPORT

    Sl. No.

    Countries

    (Values in Million USD)

    % Change

    MAY'23

    APR'23-MAY'23

    MAY'24

    APR'24-MAY'24

    MAY'24

    APR'24-MAY'24

    1

    U S A

    6573.41

    12467.43

    7432.21

    14045.46

    13.06

    12.66

    2

    U ARAB EMTS

    2568.17

    4791.93

    3067.14

    5566.35

    19.43

    16.16

    3

    NETHERLAND

    1522.98

    3264.45

    2191.83

    4598.54

    43.92

    40.87

    4

    U K

    1029.22

    2146.36

    1374.43

    2620.39

    33.54

    22.09

    5

    CHINA P RP

    1284.91

    2673.96

    1327.99

    2581.58

    3.35

    -3.45

    6

    SINGAPORE

    977.09

    1824.50

    1022.38

    2493.13

    4.64

    36.65

    7

    SAUDI ARAB

    1034.76

    1969.05

    1122.29

    2072.78

    8.46

    5.27

    8

    BANGLADESH PR

    862.77

    1719.15

    978.96

    1784.74

    13.47

    3.82

    9

    GERMANY

    811.67

    1607.95

    866.38

    1641.96

    6.74

    2.12

    10

    FRANCE

    529.03

    1060.44

    724.46

    1488.79

    36.94

    40.39

    11

    MALAYSIA

    424.74

    901.36

    794.06

    1478.49

    86.95

    64.03

    12

    SOUTH AFRICA

    703.32

    1431.02

    677.94

    1389.59

    -3.61

    -2.90

    13

    ITALY

    860.01

    1716.42

    689.60

    1372.91

    -19.82

    -20.01

    14

    NEPAL

    678.74

    1337.99

    607.73

    1197.87

    -10.46

    -10.47

    15

    BRAZIL

    634.57

    1276.62

    667.38

    1152.87

    5.17

    -9.69

    16

    TURKEY

    585.72

    1247.56

    681.43

    1136.12

    16.34

    -8.93

    17

    BELGIUM

    733.36

    1308.08

    472.94

    1047.29

    -35.51

    -19.94

    18

    MEXICO

    441.66

    853.36

    512.69

    999.50

    16.08

    17.13

    19

    AUSTRALIA

    538.18

    1259.39

    519.25

    956.55

    -3.52

    -24.05

    20

    HONG KONG

    487.07

    1013.19

    518.38

    928.15

    6.43

    -8.39

     

    Sub-Total

    23281.40

    45870.21

    26249.47

    50553.05

    12.75

    10.21

     

    GRAND   TOTAL

    34952.48

    69570.93

    38132.48

    73116.68

    9.10

    5.10

    Note 1: Grand total is inclusive of all countries.

    Note 2: The figures for MAY’24 are provisional.

    QUICK ESTIMATES FOR SELECTED COUNTRIES FOR MAY 2024

    TRADE: IMPORT

    Sl. No.

    Countries

    (Values in Million USD)

    % Change

    MAY'23

    APR'23-MAY'23

    MAY'24

    APR'24-MAY'24

    MAY'24

    APR'24-MAY'24

    1

    CHINA P RP

    8250.12

    15750.29

    8482.59

    16276.97

    2.82

    3.34

    2

    RUSSIA

    6022.50

    10307.80

    7107.75

    12358.18

    18.02

    19.89

    3

    U ARAB EMTS

    3493.28

    6642.07

    5237.55

    8556.70

    49.93

    28.83

    4

    U S A

    3761.54

    6818.76

    3776.69

    6983.76

    0.40

    2.42

    5

    IRAQ

    2369.81

    4625.93

    3760.46

    6204.50

    58.68

    34.12

    6

    SAUDI ARAB

    2501.24

    5613.21

    2398.53

    5591.29

    -4.11

    -0.39

    7

    INDONESIA

    1950.79

    3710.33

    2406.55

    4281.00

    23.36

    15.38

    8

    SWITZERLAND

    2250.04

    2945.99

    1522.61

    3724.72

    -32.33

    26.43

    9

    KOREA RP

    1594.66

    3189.11

    1806.73

    3352.57

    13.30

    5.13

    10

    SINGAPORE

    1501.47

    3051.37

    1633.29

    3202.70

    8.78

    4.96

    11

    JAPAN

    1552.49

    3059.08

    1549.97

    3039.38

    -0.16

    -0.64

    12

    GERMANY

    1819.30

    3244.40

    1296.08

    2502.57

    -28.76

    -22.87

    13

    HONG KONG

    1355.82

    2438.56

    1306.96

    2428.74

    -3.60

    -0.40

    14

    QATAR

    956.75

    2013.00

    1245.48

    2315.09

    30.18

    15.01

    15

    SOUTH AFRICA

    1015.09

    1714.66

    1125.75

    2140.04

    10.90

    24.81

    16

    AUSTRALIA

    1450.62

    2503.03

    998.42

    1997.20

    -31.17

    -20.21

    17

    MALAYSIA

    1027.77

    1869.54

    993.92

    1969.25

    -3.29

    5.33

    18

    THAILAND

    850.23

    1773.29

    875.40

    1811.10

    2.96

    2.13

    19

    TAIWAN

    605.62

    1244.25

    882.77

    1778.04

    45.76

    42.90

    20

    KUWAIT

    743.94

    1405.90

    933.21

    1566.58

    25.44

    11.43

     

    Sub-Total

    45073.07

    83920.59

    49340.72

    92080.38

    9.47

    9.72

     

    GRAND   TOTAL

    57481.42

    106537.53

    61914.33

    116009.84

    7.71

    8.89

    Note 1: Grand total is inclusive of all countries.

    Note 2: The figures for MAY’24 are provisional.

    *Link for Quick Estimates

    Topics

    Acts Income Tax
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