{"id":5670,"date":"2024-05-15T16:31:21","date_gmt":"2024-05-15T11:01:21","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=5670"},"modified":"2024-05-15T16:31:21","modified_gmt":"2024-05-15T11:01:21","slug":"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","status":"publish","type":"post","link":"https:\/\/new.matribhumisamachar.com\/en\/2024\/05\/15\/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\/","title":{"rendered":"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"},"content":{"rendered":"<ul style=\"text-align: justify;\">\n<li>India\u2019s total exports (Merchandise and Services combined) in April 2024* is estimated to be USD 64.56 Billion, exhibiting a positive growth of 6.88 per cent over April 2023. Total imports (Merchandise and Services combined) in April 2024* is estimated to be USD 71.07 Billion, exhibiting a positive growth of 12.78 per cent over April 2023.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Table 1: Trade during April 2024*<\/strong><\/p>\n<table class=\"GridTable4-Accent11\" border=\"1\" cellspacing=\"0\" cellpadding=\"5\">\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>April 2024<\/strong><\/p>\n<p><strong>(USD Billion)<\/strong><\/td>\n<td><strong>April 2023<\/strong><\/p>\n<p><strong>(USD Billion)<\/strong><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\"><strong>Merchandise<\/strong><\/td>\n<td>Exports<\/td>\n<td>34.99<\/td>\n<td>34.62<\/td>\n<\/tr>\n<tr>\n<td>Imports<\/td>\n<td>54.09<\/td>\n<td>49.06<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\"><strong>Services*<\/strong><\/td>\n<td>Exports<\/td>\n<td>29.57<\/td>\n<td>25.78<\/td>\n<\/tr>\n<tr>\n<td>Imports<\/td>\n<td>16.97<\/td>\n<td>13.96<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"3\"><strong>Total Trade<\/strong><\/p>\n<p><strong>(Merchandise +Services) *<\/strong><\/td>\n<td>Exports<\/td>\n<td>64.56<\/td>\n<td>60.40<\/td>\n<\/tr>\n<tr>\n<td>Imports<\/td>\n<td>71.07<\/td>\n<td>63.02<\/td>\n<\/tr>\n<tr>\n<td>Trade Balance<\/td>\n<td>-6.51<\/td>\n<td>-2.62<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><em>* 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\u2019s subsequent release.<\/em><\/p>\n<p style=\"text-align: justify;\"><strong>Fig 1: Total Trade during April 2024*<\/strong><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" id=\"_x0000_i1028\" class=\"aligncenter\" src=\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/image001MFY6.png\" \/><\/p>\n<h3 style=\"text-align: justify;\">MERCHANDISE TRADE<\/h3>\n<ul style=\"text-align: justify;\">\n<li>Merchandise exports in April 2024 were USD 34.99 Billion, as compared to USD 34.62 Billion in April 2023.<\/li>\n<li>Merchandise imports in April 2024 were USD 54.09 Billion, as compared to USD 49.06 Billion in April 2023.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Fig 2: Merchandise Trade during April 2024<\/strong><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" id=\"_x0000_i1027\" class=\"aligncenter\" src=\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/image002936J.png\" \/><\/p>\n<ul style=\"text-align: justify;\">\n<li>Non-petroleum and non-gems &amp; jewellery exports in April 2024 were USD 26.11 Billion, compared to USD 25.77 Billion in April 2023.<\/li>\n<li>Non-petroleum, non-gems &amp; jewellery (gold, silver &amp; precious metals) imports in April 2024 were USD 32.72 Billion, compared to USD 32.13 Billion in April 2023.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Table 2: Trade excluding Petroleum and Gems &amp; Jewellery during April 2024<\/strong><\/p>\n<table class=\"GridTable4-Accent11\" border=\"1\" cellspacing=\"0\" cellpadding=\"5\">\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>\n<h2>April 2024<\/h2>\n<p><strong>(USD Billion)<\/strong><\/td>\n<td><strong>April 2023<\/strong><\/p>\n<p><strong>(USD Billion)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Non- petroleum exports<\/td>\n<td>28.37<\/td>\n<td>28.20<\/td>\n<\/tr>\n<tr>\n<td>Non- petroleum imports<\/td>\n<td>37.63<\/td>\n<td>35.36<\/td>\n<\/tr>\n<tr>\n<td>Non-petroleum &amp; Non Gems &amp; Jewellery exports<\/td>\n<td>26.11<\/td>\n<td>25.77<\/td>\n<\/tr>\n<tr>\n<td>Non-petroleum &amp; Non Gems &amp; Jewellery imports<\/td>\n<td>32.72<\/td>\n<td>32.13<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><em>Note: Gems &amp; Jewellery Imports include Gold, Silver &amp; Pearls, precious &amp; Semi-precious stones<\/em><\/p>\n<p style=\"text-align: justify;\"><strong>Fig 3: Trade excluding Petroleum and Gems &amp; Jewellery during April 2024<\/strong><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" id=\"_x0000_i1026\" class=\"aligncenter\" src=\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/image00351D9.png\" \/><\/p>\n<h5 style=\"text-align: justify;\">SERVICES TRADE<\/h5>\n<ul style=\"text-align: justify;\">\n<li>The estimated value of services export for April 2024* is USD 29.57 Billion, as compared to USD 25.78 Billion in April 2023.<\/li>\n<li>The estimated value of services import for April 2024* is USD 16.97 Billion as compared to USD 13.96 Billion in April 2023.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><strong>Fig 4: Services Trade during April 2024*<\/strong><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" id=\"Chart_x0020_1\" class=\"aligncenter\" src=\"https:\/\/static.pib.gov.in\/WriteReadData\/userfiles\/image\/image004H3YE.png\" \/><\/p>\n<ul>\n<li style=\"text-align: justify;\">In merchandise exports, 13 of the 30 key sectors exhibited positive growth in April 2024 as compared to same period last year (April 2023). These include Electronic Goods (25.8%), Tea (25.74%), Organic &amp; Inorganic Chemicals (16.75%), Coffee (15.87%), Tobacco (13.22%), Spices (12.27%), Drugs &amp; Pharmaceuticals (7.36%), Cotton Yarn\/Fabs.\/Made-Ups, Handloom Products etc. (6.65%), Carpet (5.64%), Cereal Preparations &amp; Miscellaneous Processed Items (5.33%), Petroleum Products (3.1%), Plastic &amp; Linoleum (2.99%) and Handicrafts Excl. Hand Made Carpet (2.36%).<\/li>\n<li style=\"text-align: justify;\">In merchandise imports, 14 out of 30 key sectors exhibited negative growth in April 2024. These include Sulphur &amp; Unroasted Iron Pyrites (-71.75%), Pearls, Precious &amp; Semi-Precious Stones (-21.12%), Cotton Raw &amp; Waste (-16.31%), Wood &amp;\u00a0 Wood Products (-14.11%), Coal, Coke &amp; Briquettes, etc. (-11.71%), Artificial Resins, Plastic Materials, etc. (-10.26%), Fertilisers, Crude &amp; Manufactured (-8.3%), Iron &amp; Steel (-8.28%), Chemical Material &amp; Products (-7.69%), Organic &amp; Inorganic Chemicals (-5.19%), Machinery, Electrical &amp; Non-Electrical (-3.54%), Dyeing\/Tanning\/Colouring Materials (-2.63%), Pulp and Waste Paper (-2.2%) and Transport Equipment (-0.22%).<\/li>\n<li style=\"text-align: justify;\">Services exports is projected to grow by 14.68 percent during April 2024 over April 2023.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s total exports (Merchandise and Services combined) in April 2024* is estimated to be USD 64.56 Billion, exhibiting a positive growth of 6.88 per cent over April 2023. Total imports (Merchandise and Services combined) in April 2024* is estimated to be USD 71.07 Billion, exhibiting a positive growth of 12.78 per cent over April 2023. [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":106422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52886],"tags":[26869],"class_list":["post-5670","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-english-news","tag-export"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/5670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=5670"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/5670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/106422"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=5670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=5670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=5670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}