India’s overall exports (Merchandise and Services combined) in October 2023* is estimated to be USD 62.26 Billion, exhibiting a positive growth of 9.43 per cent over October 2022. Overall imports in October 2023* is estimated to be USD 79.35 Billion, exhibiting a positive growth of 11.10 per cent over October 2022.
Table 1: Trade during October 2023*
|
October 2023 (USD Billion) |
October 2022
(USD Billion) |
||
| Merchandise | Exports | 33.57 |
31.60 |
|
Imports |
65.03 | 57.91 | |
| Services* | Exports | 28.70 |
25.30 |
|
Imports |
14.32 | 13.51 | |
| Overall Trade
(Merchandise +Services) * |
Exports | 62.26 |
56.90 |
|
Imports |
79.35 | 71.42 | |
| Trade Balance | -17.08 |
-14.52 |
* Note: The latest data for services sector released by RBI is for September 2023. The data for October 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-October 2022 and April-June 2023 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during October 2023*
The Complete Press Release can be accessed at: https://pib.gov.in/PressReleasePage.aspx?PRID=1977061