The
merchandise exports during June 2024 were USD 35.20 billion as compared to USD
34.32 Billion in June 2023 while they were USD 56.18 billion as compared to USD
53.51 billion in June 2023.
The data from the ministry highlighted
that the merchandise trade deficit during April-June 2024 was USD 62.26 billion
compared to USD 56.16 billion during April-June 2023.
The
Merchandise exports during April-June 2024 were USD 109.96 billion as compared
to USD 103.89 billion during April-June 2023 while the imports were USD 172.23
billion compared to USD 160.05 Billion.
India’s
total exports (merchandise and services combined) for June 2024 is estimated at
USD 65.47 billion, registering a positive growth of 5.40% vis-Ã -vis June
2023.
The
total imports for June 2024 are estimated at USD 73.47 billion, a positive
growth of 6.29% vis-Ã -vis June 2023.
Further,
India’s total exports during April-June 2024 is estimated at USD 200.33 billion
registering a positive growth of 8.60% while the total imports are estimated at
USD 222.89 billion registering a growth of 8.47%.
Non-petroleum
and non-gems & jewellery exports in June 2024 were USD 27.43 billion
compared to USD 25.29 billion in June 2023 while the imports were USD 36.04
billion compared to USD 33.66 Billion.
The estimated value of services export for
June 2024 is USD 30.27 billion as compared to USD 27.79 billion in June 2023
and the imports are USD 17.29 billion as compared to USD 15.61 billion.
According to the data shared by the
Ministry of Commerce & Industry, the top 5 export destinations, in terms of
change in value, exhibiting positive growth in June 2024 vis-a-vis June 2023
are USA (5.98%), UAE (13.81%), Malaysia (93.82%), Bangladesh (25.2%) and
Tanzania (59.13%).