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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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