The cumulative overall exports during April -September 2024 is estimated at USD 393.22Billion, as compared to USD 375Billion in April-September 2023, with an estimated growth of 4.86%.
India’s total exports (Merchandise and Services combined) for September 2024* is estimated at USD 65.19 Billion, registering a positive growth of 3.76 percent vis-à-vis September 2023.Total imports (Merchandise and Services combined) for September 2024* is estimated at USD 71.68 Billion, registering a positive growth of 3.79 percent vis-à-vis September 2023. Table 1: Trade during September 2024* September 2024 (USD Billion) September 2023 (USD Billion) Merchandise Exports 34.58 34.41 Imports 55.36 54.49 Services* Exports 30.61 28.42 Imports 16.32 14.58 Total Trade (Merchandise +Services) * Exports 65.19 62.83 Imports 71.68 69.06 Trade Balance -6.49 -6.23 * Note: The latest data for services sector released by RBI is for August2024. The data for September 2024 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-September 2023 and April-June 2024 has been revised on pro-rata basis using quarterly balance of payments data. Fig 1: Total Trade during September2024* India’s total exports during April-September2024* is estimated at USD 393.22 Billion registering a positive growth of 4.86 percent. Total imports during April-September 2024* is estimated at USD 448.05 Billion registering a growth of 6.89 percent. Table 2: Trade during April-September 2024* April-September 2024 (USD Billion) April-September 2023 (USD Billion) Merchandise Exports 213.22 211.08 Imports 350.66 330.32 Services* Exports 180.00 163.92 Imports 97.39 88.86 Total Trade (Merchandise +Services) * Exports 393.22 375.00 Imports 448.05 419.18 Trade Balance -54.83 -44.18 Fig 2: Total Trade during April-September 2024* MERCHANDISE TRADE Fig 3: Merchandise Trade during September 2024 Fig4: Merchandise Trade during April-September 2024 Table 3: Trade excluding Petroleum and Gems & Jewellery during September 2024 (USD Billion) September 2023 (USD Billion) Non- petroleum exports 29.85 27.95 Non- petroleum imports 42.82 40.48 Non-petroleum & Non-Gems & Jewellery exports 27.03 24.76 Non-petroleum & Non-Gems & Jewellery imports 36.49 34.21 Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones Fig 5: Trade excluding Petroleum and Gems & Jewellery during September 2024 Table 4: Trade excluding Petroleum and Gems & Jewellery during April-September 2024 (USD Billion) April-September 2023 (USD Billion) Non- petroleum exports 176.68 169.33 Non- petroleum imports 261.75 246.36 Non-petroleum &Non Gems& Jewellery exports 162.77 153.71 Non-petroleum & Non Gems & Jewellery imports 222.72 211.34 Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-September 2024 SERVICES TRADE Fig 7: Services Trade during September2024* Fig 8: Services Trade during April-September 2024* *Link for Quick Estimates *** AD/VN India’s total exports (Merchandise and Services combined) for September 2024* is estimated at USD 65.19 Billion, registering a positive growth of 3.76 percent vis-à-vis September 2023.Total imports (Merchandise and Services combined) for September 2024* is estimated at USD 71.68 Billion, registering a positive growth of 3.79 percent vis-à-vis September 2023. Table 1: Trade during September 2024* September 2024 (USD Billion) September 2023 (USD Billion) Merchandise Exports 34.58 34.41 Imports 55.36 54.49 Services* Exports 30.61 28.42 Imports 16.32 14.58 Total Trade (Merchandise +Services) * Exports 65.19 62.83 Imports 71.68 69.06 Trade Balance -6.49 -6.23 * Note: The latest data for services sector released by RBI is for August2024. The data for September 2024 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-September 2023 and April-June 2024 has been revised on pro-rata basis using quarterly balance of payments data. Fig 1: Total Trade during September2024* India’s total exports during April-September2024* is estimated at USD 393.22 Billion registering a positive growth of 4.86 percent. Total imports during April-September 2024* is estimated at USD 448.05 Billion registering a growth of 6.89 percent. Table 2: Trade during April-September 2024* April-September 2024 (USD Billion) April-September 2023 (USD Billion) Merchandise Exports 213.22 211.08 Imports 350.66 330.32 Services* Exports 180.00 163.92 Imports 97.39 88.86 Total Trade (Merchandise +Services) * Exports 393.22 375.00 Imports 448.05 419.18 Trade Balance -54.83 -44.18 Fig 2: Total Trade during April-September 2024* MERCHANDISE TRADE Fig 3: Merchandise Trade during September 2024 Fig4: Merchandise Trade during April-September 2024 Table 3: Trade excluding Petroleum and Gems & Jewellery during September 2024 (USD Billion) September 2023 (USD Billion) Non- petroleum exports 29.85 27.95 Non- petroleum imports 42.82 40.48 Non-petroleum & Non-Gems & Jewellery exports 27.03 24.76 Non-petroleum & Non-Gems & Jewellery imports 36.49 34.21 Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones Fig 5: Trade excluding Petroleum and Gems & Jewellery during September 2024 Table 4: Trade excluding Petroleum and Gems & Jewellery during April-September 2024 (USD Billion) April-September 2023 (USD Billion) Non- petroleum exports 176.68 169.33 Non- petroleum imports 261.75 246.36 Non-petroleum &Non Gems& Jewellery exports 162.77 153.71 Non-petroleum & Non Gems & Jewellery imports 222.72 211.34 Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-September 2024 SERVICES TRADE Fig 7: Services Trade during September2024* Fig 8: Services Trade during April-September 2024* *Link for Quick Estimates *** AD/VN