India’s overall exports (Merchandise and Services combined) in January 2023* are estimated to be USD 65.15 Billion, exhibiting a positive growth of 14.58 per cent over the same period last year. Overall imports in January 2023* are estimated to be USD 66.42 Billion, exhibiting a positive growth of 0.94 per cent over the same period last year.
Trade during January 2023*
| January 2023
(USD Billion) |
January 2022
(USD Billion) |
||
| Merchandise | Exports | 32.91 |
35.23 |
|
Imports |
50.66 | 52.57 | |
| Services* | Exports | 32.24 |
21.63 |
|
Imports |
15.76 | 13.24 | |
| Overall Trade (Merchandise +Services) * | Exports | 65.15 |
56.86 |
|
Imports |
66.42 | 65.80 | |
| Trade Balance | -1.27 |
-8.95 |
* Note: The latest data for services sector released by RBI is for December 2022. The data for January 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-January 2021-22 and April-September 2022 has been revised on pro-rata basis using quarterly balance of payments data.
Overall Trade during January 2023*
The Complete Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1899511