India’s merchandise exports in December 2023 registered 0.96% growth at USD 38.45 Billion over USD 38.08 Billion in December 2022.
India’s merchandise exports in December 2023 registered 0.96% growth at USD 38.45 Billion over USD 38.08 Billion in December 2022.
December 2023
Table 1: Trade during December 2023*
December 2023
(USD Billion)
December 2022
(USD Billion)
Merchandise
Exports
38.45
38.08
Imports
58.25
61.22
Services*
Exports
27.88
31.19
Imports
13.25
15.81
Overall Trade
(Merchandise +Services) *
Exports
66.33
69.28
Imports
71.50
77.03
Trade Balance
-5.17
-7.75
* Note: The latest data for services sector released by RBI is for November 2023. The data for December 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-December 2022 and April-September 2023 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during December 2023*
Table 2: Trade during April-December 2023*
April-December 2023
(USD Billion)
April-December 2022
(USD Billion)
Merchandise
Exports
317.12
336.30
Imports
505.15
548.64
Services*
Exports
247.92
239.50
Imports
129.24
135.29
Overall Trade
(Merchandise+ Services)*
Exports
565.04
575.79
Imports
634.39
683.93
Trade Balance
-69.34
-108.13
Fig 2: Overall Trade during April-December 2023*
Fig 3: Merchandise Trade during December 2023
Fig 4: Merchandise Trade during April-December 2023
Table 3: Trade excluding Petroleum and Gems & Jewellery during December 2023
(USD Billion)
December 2022
(USD Billion)
Non- petroleum exports
31.57
29.73
Non- petroleum imports
43.31
41.87
Non-petroleum & Non Gems & Jewellery exports
28.67
27.19
Non-petroleum & Non Gems & Jewellery imports
37.96
38.04
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during December 2023
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-December 2023
April-December 2023
(USD Billion)
April-December 2022
(USD Billion)
Non- petroleum exports
255.05
262.72
Non- petroleum imports
376.53
390.01
Non-petroleum & Non Gems & Jewellery exports
230.74
233.73
Non-petroleum & Non Gems & Jewellery imports
320.75
333.00
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-December 2023
Fig 7: Services Trade during December 2023*
Fig 8: Services Trade during April-December 2023*
