I think this does not give the complete picture without imports. What if we import 1 L Cr so that we export for 1.2 L Cr ? To my little understanding of macros, difference between Export and Import would be a better measure.
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Nothing can give complete picture. What you can ideally see is corporate profit since value addition is in profits. Even corporate profit to GDP is at all time multi decade high.
Yes they are linked, if you see our electronics parts imports and exports numbers, there will be a pro rata increase in imports and exports since the mobile phone PLI was announced. Companies are importing components and parts and exporting assembled phones since we don’t make many of the components. Not much value add right now.
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Reg. Corp profits. For a meaningful comparison one need to account for corp. tax cuts. Before 2019 we had 35 % and currently 25 %. About 28 % reduction in tax boosted bottom line. Is this Organic growth? I really don’t know. Better would be to compare Earnings before tax.
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February 2023 update:
India’s overall exports(merchandise and services combined) in Feb 2023 are estimated at USD 63.02 Billion exhibiting positive growth of 7.81% over Feb-2022.
Merchandise exports in Feb-23 were USD 33.88 Billion compared to USD 37.15 Billion in Feb-22 negative growth of -8.8%.
Services sector continues to grow impressively with 29.15 USD Billion compared to 21.30 USD Billion for February month.
Overall imports in feb-23 is estimated at USD 65.85, exhibiting a negative growth of -4.38% over the same period of last year.
Under merchandise exports, 14 out of 30 sectors exhibited positive growth in Feb -23 as compared to feb-22.
Commodities with positive growth and % for the month of feb-23:
Electronic goods:29.85%
Oil meals:220.96%
Oil seeds: 9.4%
Iron ore:51.37%
Rice : 11.75%
Fruits and vegetables: 17.42%
Ceramic products & glassware:11.5%
Marine products: 4.96%
Other cereals: 10.65%
Spices: 30.85%
Cereal preparation & processed items:5.22%
Drugs and pharmaceuticals:4.72%
Mica ,coal & other ores: 2.97%
Gems and jewellery: 13.76%
https://pib.gov.in/PressReleseDetail.aspx?PRID=1907162
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March 2023 update:
India’s overall exports(merchandise and services combined) in March 2023 are estimated at USD 66.14 Billion exhibiting negative growth of -7.53% over March-2022.
Overall imports in March 23 is estimated at USD 72.18 billion, a negative growth of -7.98% over March-22.
Merchandise exports in March-23 were USD 38.38 Billion compared to USD 44.57 Billion in March-22 negative growth of -13.8%.
Services sector export for March-23 is 27.75 USD Billion compared to 26.95 USD Billion for March 22.
Under merchandise exports, 13 out of 30 key sectors exhibited positive growth in March -23 as compared to March-22.
Commodities with positive growth and % for the month of March-23:
Oil meals:156.56%
Oil seeds: 99.5%
Electronic goods: 57.36%
Coffee: 17.86%
Marine products: 12.85%
Fruits and vegetables: 11.37%
Rice: 10.02%
Ceramic products & glassware: 9.73%
Iron ore: 6.85%
Drugs and pharmaceuticals: 4.19%
Meat, dairy & poultry products: 3.44%
Tobacco: 3.04%
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April 2023 update:
India’s overall exports(merchandise and services combined) in April 2023 are estimated at USD 65.02 Billion exhibiting positive growth of 2% over April-2022.
Merchandise exports in April-23 were USD 34.66 Billion compared to USD 39.70 Billion in April-22 negative growth of -14.5%.
Services sector export for April-23 is 30.36 USD Billion compared to 24.05 USD Billion in April 22 ,Positive growth of 26.2%.
Overall imports in April 23 is estimated at USD 66.40 billion, a negative growth of -7.92% over April-22.
Coffee exports grow at 12%.
Rice exports continued positive growth up by 34% for April-23
Marine products exports de-grew by -4% for the month.
Iron ore exports declined by -8%.
Ceramic products and glassware exports increased by 26% for the month.
Pharma exports grew at 26% for the month.
Chemicals exports are down by -11% for the month.
RMG of textiles, cotton, and yarn exports remained negative.
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May 2023 update:
**India’s overall exports(merchandise and services combined) in May 2023 is estimated at USD 60.29 Billion exhibiting negative growth of -5.99% over May-2022.
Merchandise exports in May-23 were USD 34.98 Billion compared to USD 39.0 Billion in May-22, negative growth of -11.4%.
Services sector export for May-23 is 25.30 Billion compared to 25.13 Billion USD in May 22.
Overall imports during May 23 is estimated at USD 70.64 billion, a negative growth of -7.45% over May-22.
Coffee exports grow at 8% YoY for the Month.
Rice exports continued positive growth, up by 21.6% for May-23
Marine products exports remained negative -4% for the month.
Iron ore exports have rebounded up by 58% during May.
Ceramic products and glassware exports increased by 25% for the month.
Pharma exports grew at 7% for the month.
Chemicals exports continue to degrow at -7% for the month.
Electronic goods continue to show impressive growth of 85%.
RMG of textiles, cotton, and yarn exports remained negative.
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June 2023 update:
India’s overall exports(merchandise and services combined) during June 2023 is estimated at USD 60.09 Billion exhibiting negative growth of -13.16% over June-2022.
Merchandise exports in June-23 is USD 32.97 Billion compared to USD 42.38 Billion in june-22, negative growth of -22%.
Services sector export for June-23 is 27.12 Billion compared to 26.92 Billion USD during June- 22.
Overall imports during June 23 is estimated at USD 68.98 billion, a negative growth of -13.9% over June -22 import value of 80.12 Billion USD.
Coffee exports grow at 13% YoY for the Month.
Rice exports have reversed the trend and degree by -16% during june.
Marine products exports remained negative -12%% for the month and -7% for the quarter.
Iron ore exports grew significantly on a low base last year. Trend remains positive during the last two months.
Ceramic products and glassware exports are flat for the month of June.
Pharma exports grew at 11% for the month.
Chemicals exports continue to degrow.
Electronic goods continued impressive export growth of 53% and 57% for the month and quarter respectively.
Textile segment exports continue to degrow.
june23.pdf (229.7 KB)
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Would ‘coffee exports’ stand for both raw produce (beans) and processed (like instant coffee) please?
@PavanM I think it will include both raw and processed coffee export. They do not provide breakup.
If you want know more in detail about coffee export and variants , coffee board of India is an excellent source. https://coffeeboard.gov.in/ExportInfo.aspx
Under exporter info all the details are available(based on permits issued) . I am attaching screen shots of the same for you reference.
Export of Indian coffee and re-export data available on calander , financial and coffee year basis.
Based on variants of coffee like robusta,arabica and instant coffee:
company wise data for CCL products and tata coffee also available.
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JULY 23 UPDATE:
India’s overall exports(merchandise and services combined) during July 2023 is estimated at USD 59.43 Billion exhibiting negative growth of -5.06% over July-2022.
Merchandise exports in July-23 is USD 32.25 Billion compared to USD 38.34 Billion in july-22, negative growth of -16%.
Services sector export for July-23 is 27.17 Billion compared to 24.26 Billion USD during July- 22.
Overall imports during June 23 is estimated at USD 67.77 billion, a negative growth of -13% over july-22.
(Values in Rs.Crs)
Coffee exports grow at 15% YoY for the month & 12% so far for FY.
Rice exports rose by 9% for the month.
Marine products exports remained negative.
Iron ore exports continue to grow significantly on a low base of last year.
Ceramic products and glassware exports up by 25% for the month and 19% so far in FY24.
Pharma exports grew moderately at 3% during july.
Chemicals exports remained flat for the month and down by 10% till July23.
Electronic goods continued impressive export growth up by 17% and 43% for the month and FY.
Textile segment exports continue to degrow.
doc2023814238701.pdf (117.3 KB)
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@spartan Thank you for sharing the data with us. It is very useful.
May I know where this data can be sourced from? Is it freely available or paid?
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August 23 update:
India’s overall exports(merchandise and services combined) during August 2023 is estimated at USD 60.87Billion exhibiting negative growth of -4.17% over August-2022.
Merchandise exports during August-23 is USD 34.48 Billion compared to USD 37.02Billion in Aug-22, negative growth of -6.8%.
Services sector export for Aug-23 is estimated at 26.39 Billion compared to 26.50 Billion USD during Aug- 22.
Overall imports during Aug 23 is estimated at USD 72.50 billion, a negative growth of -5.9% over Aug-22.
Coffee exports grow moderately at 3% YoY for the month & 12% so far for FY.
Rice exports reduced by -6% for the month( expected with govt measures to restrict rice export)
Marine products exports grew by 7%.(after 4 months of negative growth)
Iron ore exports continue to grow significantly on a low base of last year.
Ceramic products and glassware exports up by 35% for the month and 22% so far in FY24.
Pharma exports grew 9% during August and 10% for FY24.
Chemicals exports are down by -14%.
Electronic goods continued impressive export growth.
RMG of textiles are down by -4%, cotton yarn/fabs grew by 31% during August.
Link for quick estimates:Press Information Bureau
@Nitesh_Ranka Above data is freely available from the above source. The same data is also available @ https://commerce.gov.in/trade-statistics/latest-trade-figures/
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