India’s total exports (Merchandise and Services combined) for October 2024* is estimated at USD 73.21 Billion, registering a positive growth of 19.08 percent vis-à-vis October 2023.Total imports (Merchandise and Services combined) for October 2024* is estimated at USD 83.33 Billion, registering a positive growth of 7.77 percent vis-à-vis October 2023.
Table 1: Trade during October 2024*
|
|
|
October 2024 (USD Billion) |
October 2023 (USD Billion) |
|
Merchandise |
Exports |
39.20 |
33.43 |
|
Imports |
66.34 |
63.86 |
|
|
Services* |
Exports |
34.02 |
28.05 |
|
Imports |
17.00 |
13.46 |
|
|
Total Trade (Merchandise +Services) * |
Exports |
73.21 |
61.48 |
|
Imports |
83.33 |
77.33 |
|
|
Trade Balance |
-10.12 |
-15.85 |
* Note: The latest data for services sector released by RBI is for September2024. The data for October 2024 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-October 2023 and April-June 2024 has been revised on pro-rata basis using quarterly balance of payments data.
The Complete Press Release can be accessed at: https://a2z-bucket.s3.amazonaws.com/Import_Export___Press_Release_Press_Information_Bureau.pdf