India’s total exports estimated to grow at 5.40% in June 2024; Cumulative overall exports during April-June 2024 estimated to grow at 8.60%
India’s total exports estimated to grow at 5.40% in June 2024; Cumulative overall exports during April-June 2024 estimated to grow at 8.60%
June 2024
April-June 2024
Table 1: Trade during June 2024*
June 2024
(USD Billion)
June 2023
(USD Billion)
Merchandise
Exports
35.20
34.32
Imports
56.18
53.51
Services*
Exports
30.27
27.79
Imports
17.29
15.61
Total Trade
(Merchandise +Services) *
Exports
65.47
62.12
Imports
73.47
69.12
Trade Balance
-8.00
-7.00
* Note: The latest data for services sector released by RBI is for May 2024. The data for June 2024 is an estimation, which will be revised based on RBI’s subsequent release.
Fig 1: Total Trade during June 2024*
Table 2: Trade during April-June 2024*
April-June 2024
(USD Billion)
April-June 2023
(USD Billion)
Merchandise
Exports
109.96
103.89
Imports
172.23
160.05
Services*
Exports
90.37
80.57
Imports
50.67
45.45
Total Trade
(Merchandise +Services) *
Exports
200.33
184.46
Imports
222.89
205.50
Trade Balance
-22.56
-21.03
Fig 2: Total Trade during April-June 2024*
MERCHANDISE TRADE
Fig 3: Merchandise Trade during June 2024
Fig4: Merchandise Trade during April-June 2024
Table 3: Trade excluding Petroleum and Gems & Jewellery during June 2024
(USD Billion)
June 2023
(USD Billion)
Non- petroleum exports
29.68
27.57
Non- petroleum imports
41.13
40.93
Non-petroleum & Non-Gems & Jewellery exports
27.43
25.29
Non-petroleum & Non-Gems & Jewellery imports
36.04
33.66
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during June 2024
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-June 2024
(USD Billion)
April-June 2023
(USD Billion)
Non- petroleum exports
89.17
84.86
Non- petroleum imports
120.72
118.20
Non-petroleum & Non Gems & Jewellery exports
81.90
77.33
Non-petroleum & Non Gems & Jewellery imports
105.35
102.10
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-June 2024
SERVICES TRADE
Fig 7: Services Trade during June 2024*
Fig 8: Services Trade during April-June 2024*
