Total exports of merchandise and services in FY 2024-25 begins with strong growth of 6.88%; estimated at USD 64.56 Billion in April 2024 as compared to USD 60.40 Billion in April 2023
Total exports of merchandise and services in FY 2024-25 begins with strong growth of 6.88%; estimated at USD 64.56 Billion in April 2024 as compared to USD 60.40 Billion in April 2023
April 2024
Table 1: Trade during April 2024*
April 2024
(USD Billion)
April 2023
(USD Billion)
Merchandise
Exports
34.99
34.62
Imports
54.09
49.06
Services*
Exports
29.57
25.78
Imports
16.97
13.96
Total Trade
(Merchandise +Services) *
Exports
64.56
60.40
Imports
71.07
63.02
Trade Balance
-6.51
-2.62
* Note: The latest data for services sector released by RBI is for March 2024. The data for April 2024 is an estimation, which will be revised based on RBI’s subsequent release.
Fig 1: Total Trade during April 2024*
Fig 2: Merchandise Trade during April 2024
Table 2: Trade excluding Petroleum and Gems & Jewellery during April 2024
(USD Billion)
April 2023
(USD Billion)
Non- petroleum exports
28.37
28.20
Non- petroleum imports
37.63
35.36
Non-petroleum & Non Gems & Jewellery exports
26.11
25.77
Non-petroleum & Non Gems & Jewellery imports
32.72
32.13
Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 3: Trade excluding Petroleum and Gems & Jewellery during April 2024
Fig 4: Services Trade during April 2024*
***