India’s overall exports (Merchandise and Services combined) in December 2023* is estimated to be USD 66.33 Billion, exhibiting a negative growth of (-) 4.25 per cent over December 2022. Overall imports in December 2023* is estimated to be USD 71.50 Billion, exhibiting a negative growth of (-) 7.18 per cent over December 2022.
Table 1: Trade during December 2023*
|
|
December 2023
(USD Billion) |
December 2022
(USD Billion) |
|
| Merchandise | Exports | 38.45 |
38.08 |
|
Imports |
58.25 | 61.22 | |
| Services* | Exports | 27.88 |
31.19 |
|
Imports |
13.25 | 15.81 | |
| Overall Trade
(Merchandise +Services) * |
Exports | 66.33 |
69.28 |
|
Imports |
71.50 | 77.03 | |
| Trade Balance | -5.17 |
-7.75 |
* Note: The latest data for services sector released by RBI is for November 2023. The data for December 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-December 2022 and April-September 2023 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during December 2023*
The Complete Press Release can be accessed at: https://pib.gov.in/PressReleasePage.aspx?PRID=1996342