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The cumulative overall exports during April-August 2024 is estimated at USD 374.33 billion, as compared to USD 350.11 billion in April-August 2023, with as estimated growth of 5.35%.
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....he cumulative overall exports during April-August 2024 is estimated at USD 374.33 billion, as compared to USD 350.11 billion in April-August 2023, with as estimated growth of 5.35%. <br>News and Press Release<br>Dated:- 17-9-2024<br><BR>The cumulative value of merchandise exports during April-August 2024 was USD 178.68 Billion, as compared to USD 176.67 Billion during April-August 2023, registering a positive growth of 1.14%. Non-petroleum & Non-Gems & Jewellery exports registered an increase of 2.35% from USD 26.14 Billion in August 2023 to USD 26.76 Billion in August 2024. Major drivers of merchandise exports growth in August 2024 include Engineering Goods, Organic & Inorganic Chemicals, Electronic Goods, RMG of all Textiles and Drugs &....
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.... Pharmaceuticals Engineering Goods exports increased by 4.36% from USD 9.05 Billion in August 2023 to USD 9.44 Billion in August 2024. Organic & Inorganic Chemicals exports increased by 8.32% from USD 2.19 Billion in August 2023 to USD 2.37 Billion in August 2024. Electronic Goods exports increased by 7.85% from USD 2.16 Billion in August 2023 to USD 2.33 Billion in August 2024. RMG of all Textiles exports increased by 11.88% from USD 1.13 Billion in August 2023 to USD 1.27 Billion in August 2024. Drugs & Pharmaceuticals exports increased by 4.67% from USD 2.24 Billion in August 2023 to USD 2.35 Billion in August 2024. India's total exports (Merchandise and Services combined) for August 2024* is estimated at USD 65.40 Billion, registe....
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....ring a negative growth of (-) 2.38 percent vis-à-vis August 2023. Total imports (Merchandise and Services combined) for August 2024* is estimated at USD 80.06 Billion, registering a positive growth of 3.45 percent vis-à-vis August 2023. Table 1: Trade during August 2024* August 2024 (USD Billion) August 2023 (USD Billion) Merchandise Exports 34.71 38.28 Imports 64.36 62.30 Services* Exports 30.69 28.71 Imports 15.70 15.09 Total Trade (Merchandise +Services) * Exports 65.40 67.00 Imports 80.06 77.39 Trade Balance -14.66 -10.39 * Note: The latest data for services sector released by RBI is for July 2024. The data for August 2024 is an estimation, which will be revised based on RBI's subsequent rele....
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....ase. Fig 1: Total Trade during August 2024* India's total exports during April-August 2024* is estimated at USD 328.86 Billion registering a positive growth of 5.35 percent. Total imports during April-August 2024* is estimated at USD 375.33 Billion registering a growth of 7.20 percent. Table 2: Trade during April-August 2024* April-August 2024 (USD Billion) April-August 2023 (USD Billion) Merchandise Exports 178.68 176.67 Imports 295.32 275.83 Services* Exports 150.18 135.50 Imports 80.00 74.28 Total Trade (Merchandise +Services) * Exports 328.86 312.17 Imports 375.33 350.11 Trade Balance -46.46 -37.94 Fig 2: Total Trade during April-August 2024* MERCHANDISE TRADE * Merchandise exports during August 2024 ....
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....were USD 34.71 Billion as compared to USD 38.28 Billion in August 2023. * Merchandise imports during August 2024 were USD 64.36 Billion as compared to USD 62.30 Billion in August 2023. Fig 3: Merchandise Trade during August 2024 * Merchandise exports during April-August 2024 were USD 178.68 Billion as compared to USD 176.67 Billion during April-August 2023. * Merchandise imports during April-August 2024 were USD 295.32 Billion compared to USD 275.83 Billion during April-August 2023. * Merchandise trade deficit during April-August 2024 was USD 116.64 Billion compared to USD 99.16 Billion during April-August 2023. Fig4: Merchandise Trade during April-August 2024 * Non-petroleum and non-gems & jewellery exports in August 2024 were ....
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....USD 26.76 Billion compared to USD 26.14 Billion in August 2023. * Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in August 2024 were USD 40.65 Billion compared to USD 38.88 Billion in August 2023. Table 3: Trade excluding Petroleum and Gems & Jewellery during August 2024 August 2024 (USD Billion) August 2023 (USD Billion) Non- petroleum exports 28.76 28.74 Non- petroleum imports 53.34 46.01 Non-petroleum & Non-Gems & Jewellery exports 26.76 26.14 Non-petroleum & Non-Gems & Jewellery imports 40.65 38.88 Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones Fig 5: Trade excluding Petroleum and Gems & Jewellery during August 2024 * Non-petroleum and no....
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....n-gems & jewellery exports in April-August 2024 were USD 135.75 Billion, compared to USD 128.95 Billion in April-August 2023. * Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-August 2024 were USD 186.25 Billion, compared to USD 177.13 Billion in April-August 2023. Table 4: Trade excluding Petroleum and Gems & Jewellery during April-August 2024 April-August 2024 (USD Billion) April-August 2023 (USD Billion) Non- petroleum exports 146.85 141.38 Non- petroleum imports 218.94 205.88 Non-petroleum & Non Gems & Jewellery exports 135.75 128.95 Non-petroleum & Non Gems & Jewellery imports 186.25 177.13 Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious st....
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....ones Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-August 2024 SERVICES TRADE * The estimated value of services export for August 2024* is USD 30.69 Billion as compared to USD 28.71 Billion in August 2023. * The estimated value of services imports for August 2024* is USD 15.70 Billion as compared to USD 15.09 Billion in August 2023. Fig 7: Services Trade during August 2024* * The estimated value of service exports during April-August 2024* is USD 150.18 Billion as compared to USD 135.50 Billion in April-August 2023. * The estimated value of service imports during April-August 2024* is USD 80 Billion as compared to USD 74.28 Billion in April-August 2023. * The services trade surplus for April-August 2024* is....
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.... USD 70.18 Billion as compared to USD 61.22 Billion in April-August 2023. Fig 8: Services Trade during April-August 2024* * Exports of Coffee (69.55%), Tobacco (34.45%), Spices (19.13%), Jute Mfg. Including Floor Covering (15.24%), Tea (14.96%), Rmg Of All Textiles (11.88%), Plastic & Linoleum (11.08%), Meat, Dairy & Poultry Products (9.83%), Carpet (8.9%), Organic & Inorganic Chemicals (8.32%), Oil Seeds (8.09%), Electronic Goods (7.85%), Cereal Preparations & Miscellaneous Processed Items (7.62%), Handicrafts Excl. Hand Made Carpet (7.19%), Cashew (6.84%), Drugs & Pharmaceuticals (4.67%), Engineering Goods (4.36%), Man-Made Yarn/Fabs./Made-Ups Etc. (1.59%) and Leather & Leather Products (0.07%) record positive growth during August 2024....
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.... over the corresponding month of last year. * Imports of Dyeing/Tanning/Colouring Materials (-58.07%), Chemical Material & Products (-53.08%), Pearls, Precious & Semi-Precious Stones (-35.37%), Petroleum, Crude & Products (-32.38%), Sulphur & Unroasted Iron Pyrites (-25.23%), Fertilisers, Crude & Manufactured (-18.15%), Project Goods (-17.92%), Vegetable Oil (-16.56%), Newsprint (-10.78%), Pulp And Waste Paper (-5.63%), Medicinal & Pharmaceutical Products (-2.64%) and Iron & Steel (-1.43%) record negative growth during August 2024 over the corresponding month of last year. * Services exports is estimated to grow by 10.84 percent during April-August 2024* over April-August 2023. * Top 5 export destinations, in terms of change in value,....
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.... exhibiting positive growth in August 2024 vis a vis August 2023 are Netherland (28.92%), Kenya (105.72%), Russia (44.61%), Brazil (27.05%) and U K (14.57%). * Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-August 2024 vis a vis April-August 2023 are Netherland (36.43%), U S A (5.72%), U Arab Emts (9.24%), Malaysia (40.06%) and U K (14.59%). * Top 5 import sources, in terms of change in value, exhibiting growth in August 2024 vis a vis August 2023 are U Arab Emts (72.7%), Switzerland (80.45%), China P Rp (15.55%), U K (124.55%) and Oman (274.95%). * Top 5 import sources, in terms of change in value, exhibiting growth in April-August 2024 vis a vis April-August 2023 are U Arab Emts (52.6%), ....
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....China P Rp (10.96%), Russia (6.39%), Switzerland (16.88%) and Taiwan (40.38%). Link for Quick Estimates<BR> News - Press release - PIB....