India’s overall exports (Merchandise and Services combined) in September 2023* is estimated to be USD 63.84 Billion, exhibiting a negative growth of (-) 1.20 per cent over September 2022. Overall imports in September 2023* is estimated to be USD 68.75 Billion, exhibiting a negative growth of (-) 13.67 per cent over September 2022.
Table 1: Trade during September 2023*
|
September 2023 (USD Billion) |
September 2022
(USD Billion) |
||
| Merchandise | Exports | 34.47 |
35.39 |
|
Imports |
53.84 | 63.37 | |
| Services* | Exports | 29.37 |
29.22 |
|
Imports |
14.91 | 16.27 | |
| Overall Trade
(Merchandise +Services) * |
Exports | 63.84 |
64.61 |
|
Imports |
68.75 | 79.64 | |
| Trade Balance | -4.92 |
-15.03 |
* Note: The latest data for services sector released by RBI is for August 2023. The data for September 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-September 2022 and April-June 2023 has been revised on pro-rata basis using quarterly balance of payments data.
The Press Release can be accessed at: https://pib.gov.in/PressReleasePage.aspx?PRID=1967357