The cumulative overall exports during April-August 2024 is estimated at USD 374.33 billion, as compared to USD 350.11 billion in April-August 2023, with as estimated growth of 5.35%.
The cumulative overall exports during April-August 2024 is estimated at USD 374.33 billion, as compared to USD 350.11 billion in April-August 2023, with as estimated growth of 5.35%.
August 2024
April-August 2024
India’s total exports (Merchandise and Services combined) for August 2024* is estimated at USD 65.40 Billion, registering a negative growth of (-) 2.38 percent vis-à-vis August 2023. Total imports (Merchandise and Services combined) for August 2024* is estimated at USD 80.06 Billion, registering a positive growth of 3.45 percent vis-à-vis August 2023.
Table 1: Trade during August 2024*
August 2024
(USD Billion)
August 2023
(USD Billion)
Merchandise
Exports
34.71
38.28
Imports
64.36
62.30
Services*
Exports
30.69
28.71
Imports
15.70
15.09
Total Trade
(Merchandise +Services) *
Exports
65.40
67.00
Imports
80.06
77.39
Trade Balance
-14.66
-10.39
* Note: The latest data for services sector released by RBI is for July 2024. The data for August 2024 is an estimation, which will be revised based on RBI’s subsequent release.
Fig 1: Total Trade during August 2024*
India’s total exports during April-August 2024* is estimated at USD 328.86 Billion registering a positive growth of 5.35 percent. Total imports during April-August 2024* is estimated at USD 375.33 Billion registering a growth of 7.20 percent.
Table 2: Trade during April-August 2024*
April-August 2024
(USD Billion)
April-August 2023
(USD Billion)
Merchandise
Exports
178.68
176.67
Imports
295.32
275.83
Services*
Exports
150.18
135.50
Imports
80.00
74.28
Total Trade
(Merchandise +Services) *
Exports
328.86
312.17
Imports
375.33
350.11
Trade Balance
-46.46
-37.94
Fig 2: Total Trade during April-August 2024*
MERCHANDISE TRADE
Fig 3: Merchandise Trade during August 2024
Fig4: Merchandise Trade during April-August 2024
Table 3: Trade excluding Petroleum and Gems & Jewellery during August 2024
(USD Billion)
August 2023
(USD Billion)
Non- petroleum exports
28.76
28.74
Non- petroleum imports
53.34
46.01
Non-petroleum & Non-Gems & Jewellery exports
26.76
26.14
Non-petroleum & Non-Gems & Jewellery imports
40.65
38.88
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during August 2024
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-August 2024
(USD Billion)
April-August 2023
(USD Billion)
Non- petroleum exports
146.85
141.38
Non- petroleum imports
218.94
205.88
Non-petroleum & Non Gems & Jewellery exports
135.75
128.95
Non-petroleum & Non Gems & Jewellery imports
186.25
177.13
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-August 2024
SERVICES TRADE
Fig 7: Services Trade during August 2024*
Fig 8: Services Trade during April-August 2024*
