The cumulative overall exports during April -September 2024 is estimated at USD 393.22Billion, as compared to USD 375Billion in April-September 2023, with an estimated growth of 4.86%.
The cumulative overall exports during April -September 2024 is estimated at USD 393.22Billion, as compared to USD 375Billion in April-September 2023, with an estimated growth of 4.86%.
September 2024
April-September 2024
India’s total exports (Merchandise and Services combined) for September 2024* is estimated at USD 65.19 Billion, registering a positive growth of 3.76 percent vis-à-vis September 2023.Total imports (Merchandise and Services combined) for September 2024* is estimated at USD 71.68 Billion, registering a positive growth of 3.79 percent vis-à-vis September 2023.
Table 1: Trade during September 2024*
September 2024
(USD Billion)
September 2023
(USD Billion)
Merchandise
Exports
34.58
34.41
Imports
55.36
54.49
Services*
Exports
30.61
28.42
Imports
16.32
14.58
Total Trade
(Merchandise +Services) *
Exports
65.19
62.83
Imports
71.68
69.06
Trade Balance
-6.49
-6.23
* Note: The latest data for services sector released by RBI is for August2024. The data for September 2024 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-September 2023 and April-June 2024 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Total Trade during September2024*
India’s total exports during April-September2024* is estimated at USD 393.22 Billion registering a positive growth of 4.86 percent. Total imports during April-September 2024* is estimated at USD 448.05 Billion registering a growth of 6.89 percent.
Table 2: Trade during April-September 2024*
April-September 2024
(USD Billion)
April-September 2023
(USD Billion)
Merchandise
Exports
213.22
211.08
Imports
350.66
330.32
Services*
Exports
180.00
163.92
Imports
97.39
88.86
Total Trade
(Merchandise +Services) *
Exports
393.22
375.00
Imports
448.05
419.18
Trade Balance
-54.83
-44.18
Fig 2: Total Trade during April-September 2024*
MERCHANDISE TRADE
Fig 3: Merchandise Trade during September 2024
Fig4: Merchandise Trade during April-September 2024
Table 3: Trade excluding Petroleum and Gems & Jewellery during September 2024
(USD Billion)
September 2023
(USD Billion)
Non- petroleum exports
29.85
27.95
Non- petroleum imports
42.82
40.48
Non-petroleum & Non-Gems & Jewellery exports
27.03
24.76
Non-petroleum & Non-Gems & Jewellery imports
36.49
34.21
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during September 2024
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-September 2024
(USD Billion)
April-September 2023
(USD Billion)
Non- petroleum exports
176.68
169.33
Non- petroleum imports
261.75
246.36
Non-petroleum &Non Gems& Jewellery exports
162.77
153.71
Non-petroleum & Non Gems & Jewellery imports
222.72
211.34
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-September 2024
SERVICES TRADE
Fig 7: Services Trade during September2024*
Fig 8: Services Trade during April-September 2024*
***