January 2024 update:
India’s overall exports(merchandise and services combined) during Jan 2024 is estimated at USD 69.72 Billion, exhibiting positive growth 9.28% over Jan 2023.
Merchandise exports during Jan -24 is USD 36.92 Billion compared to USD 35.80 Billion in Jan-23 up by 3.12%.
Services sector export during Jan -24 is estimated at USD 32.80 Billion compared to 28.00 Billion USD during Jan-23.
Merchandise imports during Jan 24 is estimated at USD 54.41 billion compared to 52.83billion during Jan 23.
Overall trade deficit during April- Jan23 improved by 37.11% from USD 111.99 Billion to USD 70.43 Billion April-Jan 24.
Coffee exports increased by 7% compared to flat no”s during previous month.
Rice exports’ downtrend continues during Janaury month.
Marine products exports down by 13%.
Iron ore exports increased more than 100% for the month.
Ceramic products and glassware export turned negative during Janaury.
Pharma exports continue to grow 8% for Jan month and 12% so far in FY24.
Chemicals exports grow at 2%( positive growth after many months)
RMG of textiles remains negative.
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February 2024 update:
India’s overall exports(merchandise and services combined) during Feb 2024 is estimated at USD 73.55 Billion, exhibiting positive growth 14.2% over Feb 23.
India recorded the highest monthly merchandise export during the current FY at USD 41.40 Billion compared to USD 37.01 Billion in Feb 23 an increase of 11.86%.
The estimated value of service export during Feb 24 is at USD 32.15 Billion compared to 27.40 Billion during Feb 23, an increase of 14.7%.
Overall trade deficit during April- Feb24 is at USD 73.55 Billion compared to USD 116.13 Billion during April-Feb 23, an improvement of 37%.
Coffee exports increased significantly by 46.56% for Feb month compared to flat/moderate growth during the last few months.
Rice exports which were in a down trend for many months grew by 2.2%.
Marine products continue to remain negative for the month and year so far.
Iron ore exports increased by 33% during February.
Ceramic products and glassware exports up by 10% ( were negative during Jan month)
Pharma exports grew at 22.7% for Feb month and 12.9% so far in FY24.
Chemicals exports increased by 33.6% which is a significant change compared to downtrend during the FY so far.
Engineering and electronics goods export remained positive.
RMG of textile exports also turned positive.
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March 2024 update:
India’s overall exports(merchandise and services combined) during March 2024 is estimated at USD 70.21 Billion, reduced by 3% compared to USD 72.40 during March-23.
Monthly merchandise export during March-24 is USD 41.68 Billion compared to USD 41.96 Billion during March 23.
The estimated value of service export during March 24 is at USD 28.54 Billion, decreased by 6% compared to USD 30.44 Billion during March 23.
Overall trade deficit improved by 35.77% from USD 121.6 Billion in FY23 to USD 78.12 billion in FY24.
Coffee exports continue to increase significantly up by 42% during March and 16% for FY24.
Rice exports reduced by -2% during March.
Marine products continue to remain negative.
Iron ore exports down by -27% during March( previous few quarters iron ore exports had grown significantly)
Ceramic products exports were flat during the month.
Pharma exports continue to grow 14%for the month and 13% during FY24.
Chemicals exports rose by 41% during March.
Engineering and electronic exports continue to grow.
RMG of textile exports had the 2nd consecutive month of positive growth.
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