India’s overall exports (Merchandise and Services combined) in July 2023* is estimated to be USD 59.43 Billion, exhibiting a negative growth of (-) 5.06 per cent over July 2022. Overall imports in July 2023* is estimated to be USD 67.77 Billion, exhibiting a negative growth of (-) 12.92 per cent over July 2022.
Table 1: Trade during July 2023*
|
July 2023 (USD Billion) |
July 2022 (USD Billion) |
||
|
Merchandise |
Exports | 32.25 | 38.34 |
| Imports | 52.92 |
63.77 |
|
|
Services* |
Exports | 27.17 | 24.26 |
| Imports | 14.85 |
14.06 |
|
|
Overall Trade (Merchandise +Services) * |
Exports | 59.43 |
62.59 |
|
Imports |
67.77 | 77.83 | |
| Trade Balance | -8.35 |
-15.24 |
* Note: The latest data for services sector released by RBI is for June 2023. The data for July 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-July 2022 has been revised on pro-rata basis using quarterly balance of payments data.
The Complete Press Release can be accessed at: https://pib.gov.in/PressReleasePage.aspx?PRID=1948550
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