India’s merchandise exports in Jan 2024 registers 3.12 % growth at USD 36.92 Billion over USD 35.80 Billion in Jan 2023
India’s merchandise exports in Jan 2024 registers 3.12 % growth at USD 36.92 Billion over USD 35.80 Billion in Jan 2023
January 2024
Table 1: Trade during January 2024*
January 2024
(USD Billion)
January 2023
(USD Billion)
Merchandise
Exports
36.92
35.80
Imports
54.41
52.83
Services*
Exports
32.80
28.00
Imports
16.05
14.83
Overall Trade
(Merchandise +Services) *
Exports
69.72
63.80
Imports
70.46
67.65
Trade Balance
-0.74
-3.85
* Note: The latest data for services sector released by RBI is for December 2023. The data for January 2024 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-January 2022-23 and April-September 2023 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during January 2024*
Table 2: Trade during April-January 2023-24*
April-January 2023-24
(USD Billion)
April-January 2022-23
(USD Billion)
Merchandise
Exports
353.92
372.10
Imports
561.12
601.47
Services*
Exports
284.45
267.50
Imports
147.68
150.11
Overall Trade
(Merchandise+ Services)*
Exports
638.37
639.59
Imports
708.79
751.58
Trade Balance
-70.43
-111.99
Fig 2: Overall Trade during April-January 2023-24*
Fig 3: Merchandise Trade during January 2024
Fig 4: Merchandise Trade during April-January 2023-24
Table 3: Trade excluding Petroleum and Gems &Jewellery during January 2024
(USD Billion)
January 2023
(USD Billion)
Non- petroleum exports
28.71
28.10
Non- petroleum imports
37.84
36.95
Non-petroleum & Non Gems &Jewellery exports
26.12
25.48
Non-petroleum & Non Gems &Jewellery imports
33.72
34.51
Note: Gems &Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems &Jewellery during January 2024
Table 4: Trade excluding Petroleum and Gems &Jewellery during April-January 2023-24
April-January 2023-24
(USD Billion)
April-January 2022-23
(USD Billion)
Non- petroleum exports
283.72
290.82
Non- petroleum imports
414.37
426.95
Non-petroleum & Non Gems &Jewellery exports
256.83
259.21
Non-petroleum & Non Gems &Jewellery imports
354.46
367.51
Note: Gems &Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 6: Trade excluding Petroleum and Gems &Jewellery during April-January 2023-24
Fig 7: Services Trade during January 2024*
Fig 8: Services Trade during April-January 2023-24*
