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TMI BlogIndia’s total exports estimated to grow at 10.25 % in May 2024; cumulative overall exports during April-May 2024 estimated to grow at 9.21%X X X X Extracts X X X X X X X X Extracts X X X X ..... India’s total exports estimated to grow at 10.25 % in May 2024; cumulative overall exports during April-May 2024 estimated to grow at 9.21% - News and Press Release Dated:- 14-6-2024 - News - Merchandise exports register positive growth of 9.10% at USD 38.13 Billion in May 2024 as compared to USD 34.95 Billion in May 2023 Cumulative value of exports during April-May 2024 stands at USD 73.12 Billion as compared to USD 69.57 Billion during April-May 2023, registering a positive growth of 5.10% Non-petroleum Non-Gems Jewellery exports register an increase of 8.83% from USD 26.27 Billion in May 2023 to USD 28.60 Billion in May 2024 Major drivers of merchandise exports growth in May 2024 include Petroleum Products, Engineering Goods, Electronic Goods, Drugs Pharmaceuticals, RMG of all Textiles and Plastic Linoleum Petroleum products exports increase by 15.75% from USD 5.85 Billion in May 2023 to USD 6.78 Billion in May 2024 Engineering Goods exports increase by 7.39% from USD 9.3 Billion in May 2023 to USD 9.99 Billion in May 2024 Electronic goods exports increase by 22.97% from USD 2.41 Billion in May 2023 to USD 2.97 Billion in May 2024 Drugs and pharmaceuticals exports increase by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10.45% from USD 2.08 Billion in May 2023 to USD 2.30 Billion in May 2024 RMG of all Textiles exports increase by 9.84% from USD 1.24 Billion in May 2023 to USD 1.36 Billion in May 2024 Plastic Linoleum exports increase by 16.6% from USD 0.65 Billion in May 2023 to USD 0.76 Billion in May 2024 India s total exports (Merchandise and Services combined) for May 2024* is estimated at USD 68.29 Billion, registering a positive growth of 10.25 percent vis- -vis May 2023.Total imports (Merchandise and Services combined) for May 2024* is estimated at USD 79.20 Billion, registering a positive growth of 7.95 percent vis- -vis May 2023. Table 1: Trade during May 2024* May 2024 (USD Billion) May 2023 (USD Billion) Merchandise Exports 38.13 34.95 Imports 61.91 57.48 Services* Exports 30.16 26.99 Imports 17.28 15.88 Total Trade (Merchandise +Services) * Exports 68.29 61.95 Imports 79.20 73.36 Trade Balance -10.90 -11.41 * Note: The latest data for services sector released by RBI is for April2024. The data for May 2024 is an estimation, which will be revised based on RBI s subsequent release. Fig 1: Total Trade during May 2024* India s total exports during April-May2024* is estimated at USD 133.61 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Billion registering a positive growth of 9.21 percent. Total imports during April-May 2024* is estimated at USD 149.92 Billion registering a growth of 9.93 percent. Table 2: Trade during April-May 2024* April-May 2024 (USD Billion) April-May 2023 (USD Billion) Merchandise Exports 73.12 69.57 Imports 116.01 106.54 Services* Exports 60.49 52.77 Imports 33.91 29.84 Total Trade (Merchandise +Services) * Exports 133.61 122.35 Imports 149.92 136.38 Trade Balance -16.31 -14.03 Fig 2: Total Trade during April-May 2024* MERCHANDISE TRADE Merchandise exports during May 2024 were USD 38.13 Billion as compared to USD 34.95 Billion in May 2023. Merchandise imports during May 2024 were USD 61.91 Billion as compared to USD 57.48 Billion in May 2023. Fig 3: Merchandise Trade during May 2024 Merchandise exports during April-May 2024 were USD 73.12 Billion as compared to USD 69.57Billion during April-May 2023. Merchandise imports during April-May 2024 were USD 116.01 Billion compared to USD 106.54 Billion during April-May 2023. Merchandise trade deficit during April-May 2024 was USD 42.89 Billion compared to USD 36.97 Billion during April-May 2023. Fig4: Merchandise Trade during April-May 2024 Non-p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etroleum and non-gems jewellery exports in May 2024 were USD 28.60Billion compared to USD 26.27Billion in May 2023. Non-petroleum, non-gems jewellery (gold, silver precious metals) imports in May 2024 were USD 36.59Billion compared to USD 36.31Billion in May 2023. Table 3: Trade excluding Petroleum and Gems Jewellery during May 2024 May 2024 (USD Billion) May 2023 (USD Billion) Non- petroleum exports 31.36 29.10 Non- petroleum imports 41.97 41.91 Non-petroleum Non-Gems Jewellery exports 28.60 26.27 Non-petroleum Non-Gems Jewellery imports 36.59 36.31 Note: Gems Jewellery Imports include Gold, Silver Pearls, precious Semi-precious stones Fig 5: Trade excluding Petroleum and Gems Jewellery during May 2024 Non-petroleum and non-gems jewellery exports in April-May 2024 were USD 54.71 Billion, compared to USD 52.05 Billion in April-May 2023. Non-petroleum, non-gems jewellery (gold, silver precious metals) imports in April-May 2024 were USD 69.31 Billion, compared to USD 68.44 Billion in April-May 2023. Table 4: Trade excluding Petroleum and Gems Jewellery during April-May 2024 April-May 2024 (USD Billion) April-May 2023 (USD Billion) Non- petroleum exports 59.73 57.30 Non- petroleum imp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orts 79.60 77.27 Non-petroleum Non Gems Jewellery exports 54.71 52.05 Non-petroleum Non Gems Jewellery imports 69.31 68.44 Note: Gems Jewellery Imports include Gold, Silver Pearls, precious Semi-precious stones Fig 6: Trade excluding Petroleum and Gems Jewellery during April-May 2024 SERVICES TRADE The estimated value of services export for May 2024* is USD 30.16 Billion as compared to USD 26.99Billion in May 2023. The estimated value of services imports for May 2024* is USD 17.28 Billion as compared to USD 15.88Billion in May 2023. Fig 7: Services Trade during May 2024* The estimated value of service exports during April-May 2024* is USD 60.49 Billion as compared to USD 52.77 Billion in April-May 2023. The estimated value of service imports during April-May 2024* is USD 33.91 Billion as compared to USD 29.84 Billion in April-May 2023. The services trade surplus for April-May 2024* is USD 26.58 Billion as compared to USD 22.94 Billion in April-May 2023. Fig 8: Services Trade during April-May 2024* Exports of Coffee (64.23%), Tobacco (58.38%), Electronic Goods (22.97%), Meat, dairy poultry products (22.95%), Fruits Vegetables (20.75%), Handicrafts excl. handmade carpet (20.63%), Tea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (19.57%), Carpet (17.55%), Plastic Linoleum (16.6%), Petroleum Products (15.75%), Cereal preparations miscellaneous processed items (14.31%), Drugs Pharmaceuticals (10.45%), RMG of all Textiles (9.84%), Cotton Yarn/Fabs./made-ups, Handloom Products etc. (9.75%), Engineering Goods (7.39%), Oil seeds (5.75%), Man-made Yarn/Fabs./made-ups etc. (4.65%), Organic Inorganic Chemicals (3.21%), Rice (2.76%) and Mica, Coal Other Ores, Minerals including processed minerals (1.08%) record positive growth during May 2024 over the corresponding month of last year. Imports of Project goods (-44.31%), Coal, Coke Briquettes, etc.(-26.55%),Cotton Raw Waste(-24.46%),Sulphur Unroasted Iron Pyrts(-20.92%), Fertilisers, Crude manufactured(-20.42%), Leather leather products(-20.05%), Chemical material products (-9.81%), Gold (-9.76%), Wood Wood products(-7.2%),Iron Steel (-6.65%),Dyeing/tanning/colouring mtrls.(-5.1%),Newsprint(-4.49%), Textile yarn Fabric, made-up articles(-1.15%) and Organic Inorganic Chemicals(-0.49%) record negative growth during May 2024 over the corresponding month of last year. Services exports is estimated to grow by 14.63percent during April-May 2024* over April-May 2023. Top 5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... export destinations, in terms of change in value, exhibiting positive growth in May 2024 vis a vis May 2023 are U S A (13.06%), Netherland (43.92%), U Arab Emts (19.43%), Malaysia (86.95%) and U K (33.54%). Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-May 2024 vis a vis April-May 2023 are U S A (12.66%), Netherland (40.87%), U Arab Emts (16.16%), Singapore (36.65%) and Malaysia (64.03%). Top 5 import sources, in terms of change in value, exhibiting growth in May 2024 vis a vis May 2023 are U Arab Emts (49.93%), Iraq (58.68%), Russia (18.02%), Angola (1274.95%) and Indonesia (23.36%). Top 5 import sources, in terms of change in value, exhibiting growth in April-May 2024 vis a vis April-May2023 are Russia (19.89%), U Arab Emts (28.83%), Iraq (34.12%), Switzerland (26.43%) and Angola (256.01%). QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024 TRADE: EXPORT Sl. No. Commodities Values in Million USD % Change MAY'23 APR'23-MAY'23 MAY'24 APR'24-MAY'24 MAY'24 APR'24-MAY'24 1 Tea 54.07 101.82 64.66 124.70 19.57 22.47 2 Coffee 112.97 231.44 185.54 322.80 64.23 39.48 3 Rice 977.28 1977.53 1004.29 19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 56.36 2.76 -1.07 4 Other cereals 104.45 167.98 19.37 41.58 -81.45 -75.25 5 Tobacco 91.27 196.12 144.56 263.26 58.38 34.24 6 Spices 453.07 814.37 361.17 766.79 -20.28 -5.84 7 Cashew 28.17 55.25 20.91 43.23 -25.79 -21.75 8 Oil Meals 150.98 349.47 113.00 246.22 -25.16 -29.54 9 Oil seeds 103.85 239.99 109.82 222.54 5.75 -7.27 10 Fruits Vegetables 245.10 558.37 295.97 589.12 20.75 5.51 11 Cereal preparations miscellaneous processed items 230.77 464.74 263.79 509.45 14.31 9.62 12 Marine Products 599.27 1166.89 575.84 1070.03 -3.91 -8.30 13 Meat, dairy poultry products 307.75 647.93 378.37 699.81 22.95 8.01 14 Iron Ore 288.90 643.75 268.76 414.63 -6.97 -35.59 15 Mica, Coal Other Ores, Minerals including processed minerals 382.48 773.46 386.60 727.79 1.08 -5.90 16 Leather leather products 369.18 695.97 361.31 664.62 -2.13 -4.51 17 Ceramic products glassware 373.07 736.78 360.19 700.17 -3.45 -4.97 18 Gems Jewellery 2823.14 5248.45 2759.94 5017.83 -2.24 -4.39 19 Drugs Pharmaceuticals 2084.06 4346.03 2301.88 4730.66 10.45 8.85 20 Organic Inorganic Chemicals 2237.01 4375.35 2308.75 4805.17 3.21 9.82 21 Engineering Goods 9300.75 18250.12 9988.43 18653.96 7.39 2.21 22 Electronic Goods 2414.22 45 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 21.83 2968.66 5619.97 22.97 24.29 23 Cotton Yarn/Fabs./made-ups, Handloom Products etc. 919.88 1807.70 1009.61 1956.46 9.75 8.23 24 Man-made Yarn/Fabs./made-ups etc. 395.43 788.36 413.82 782.17 4.65 -0.79 25 RMG of all Textiles 1235.81 2446.66 1357.40 2555.79 9.84 4.46 26 Jute Mfg. including Floor Covering 30.38 63.79 28.79 55.91 -5.21 -12.36 27 Carpet 111.23 216.40 130.75 241.84 17.55 11.76 28 Handicrafts excl. handmade carpet 123.37 245.46 148.82 273.82 20.63 11.55 29 Petroleum Products 5854.37 12274.93 6776.29 13390.59 15.75 9.09 30 Plastic Linoleum 650.79 1297.65 758.81 1424.76 16.60 9.79 Sub-Total 33053.08 65704.59 35866.10 68872.03 8.51 4.82 GRAND TOTAL 34952.48 69570.93 38132.48 73116.68 9.10 5.10 Note 1: Exports include Re-Exports. Note 2: The figures for MAY 24 are provisional. Note 3: Grand total is inclusive of component Other QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024 TRADE: EXPORT Sl. No. Commodities Values in Rs Crore % Change MAY'23 APR'23-MAY'23 MAY'24 APR'24-MAY'24 MAY'24 APR'24-MAY'24 1 Tea 445.25 836.89 539.19 1040.01 21.10 24.27 2 Coffee 930.24 1901.90 1547.24 2692.12 66.33 41.55 3 Rice 8047.28 16251.37 8375.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9 16315.86 4.07 0.40 4 Other cereals 860.11 1381.16 161.57 346.74 -81.21 -74.89 5 Tobacco 751.53 1611.53 1205.49 2195.58 60.40 36.24 6 Spices 3730.72 6694.10 3011.91 6395.04 -19.27 -4.47 7 Cashew 232.00 454.08 174.37 360.57 -24.84 -20.59 8 Oil Meals 1243.20 2871.27 942.30 2053.48 -24.20 -28.48 9 Oil seeds 855.11 1971.80 915.79 1855.98 7.10 -5.87 10 Fruits Vegetables 2018.26 4587.71 2468.14 4913.20 22.29 7.09 11 Cereal preparations miscellaneous processed items 1900.26 3819.29 2199.82 4248.76 15.76 11.24 12 Marine Products 4934.62 9590.24 4802.14 8923.96 -2.68 -6.95 13 Meat, dairy poultry products 2534.13 5324.32 3155.34 5836.33 24.51 9.62 14 Iron Ore 2378.90 5289.43 2241.24 3457.93 -5.79 -34.63 15 Mica, Coal Other Ores, Minerals including processed minerals 3149.48 6356.28 3224.00 6069.73 2.37 -4.51 16 Leather leather products 3039.94 5720.31 3013.07 5542.82 -0.88 -3.10 17 Ceramic products glassware 3071.95 6055.14 3003.69 5839.36 -2.22 -3.56 18 Gems Jewellery 23246.67 43139.29 23015.97 41848.08 -0.99 -2.99 19 Drugs Pharmaceuticals 17160.82 35713.69 19196.08 39453.54 11.86 10.47 20 Organic Inorganic Chemicals 18420.26 35959.11 19253.38 40074.95 4.52 11.45 21 Engineering Goods 76585 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .46 149988.87 83296.39 155572.11 8.76 3.72 22 Electronic Goods 19879.48 37166.23 24756.49 46870.06 24.53 26.11 23 Cotton Yarn/Fabs./made-ups, Handloom Products etc. 7574.63 14856.58 8419.45 16316.75 11.15 9.83 24 Man-made Yarn/Fabs./made-ups etc. 3256.08 6478.96 3450.98 6523.21 5.99 0.68 25 RMG of all Textiles 10176.08 20107.55 11319.73 21315.07 11.24 6.01 26 Jute Mfg. including Floor Covering 250.12 524.21 240.12 466.25 -4.00 -11.06 27 Carpet 915.91 1778.54 1090.33 2016.96 19.04 13.41 28 Handicrafts excl. handmade carpet 1015.87 2017.24 1241.04 2283.61 22.17 13.20 29 Petroleum Products 48206.79 100868.75 56509.45 111676.65 17.22 10.71 30 Plastic Linoleum 5358.82 10664.45 6327.96 11882.33 18.08 11.42 Sub-Total 272170.00 539980.30 299097.77 574387.07 9.89 6.37 GRAND TOTAL 287810.22 571753.51 317997.81 609787.03 10.49 6.65 Note 1: Grand total is inclusive of component Other . Note 2: The figures for MAY 24 are provisional. QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024 TRADE: IMPORT Sl. No. Commodities Values in Million USD % Change MAY'23 APR'23-MAY'23 MAY'24 APR'24-MAY'24 MAY'24 APR'24-MAY'24 1 Cotton Raw Waste 58.09 103.39 43.88 81. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 79 -24.46 -20.89 2 Vegetable Oil 1140.09 2218.38 1453.12 2790.55 27.46 25.79 3 Pulses 131.84 282.79 370.91 781.99 181.34 176.53 4 Fruits vegetables 218.28 417.87 224.80 479.60 2.99 14.77 5 Pulp and Waste paper 136.50 283.04 167.90 311.22 23.01 9.96 6 Textile yarn Fabric, made-up articles 188.24 349.50 186.08 347.92 -1.15 -0.45 7 Fertilisers, Crude manufactured 1180.48 1831.76 939.37 1536.57 -20.42 -16.12 8 Sulphur Unroasted Iron Pyrites 6.59 28.89 5.21 11.51 -20.92 -60.14 9 Metaliferrous ores other minerals 925.04 1483.98 966.33 1557.61 4.46 4.96 10 Coal, Coke Briquettes, etc. 4492.28 7998.80 3299.74 6395.68 -26.55 -20.04 11 Petroleum, Crude products 15574.12 29267.92 19948.63 36411.05 28.09 24.41 12 Wood Wood products 581.68 1119.50 539.77 1001.69 -7.20 -10.52 13 Leather leather products 95.04 156.66 75.98 138.07 -20.05 -11.87 14 Organic Inorganic Chemicals 2561.36 4894.29 2548.81 4754.82 -0.49 -2.85 15 Dyeing/tanning/colouring materials 354.07 688.19 336.03 661.35 -5.10 -3.90 16 Artificial resins, plastic materials, etc. 1883.78 3782.11 1888.33 3591.90 0.24 -5.03 17 Chemical material products 1057.05 2044.72 953.30 1865.00 -9.81 -8.79 18 Newsprint 39.72 63.85 37.94 65.09 -4.49 1. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 94 19 Pearls, precious Semi-precious stones 1878.65 3986.89 1909.50 3572.58 1.64 -10.39 20 Iron Steel 1824.30 3530.95 1703.00 3269.02 -6.65 -7.42 21 Non-ferrous metals 2047.76 3816.11 2070.52 3848.63 1.11 0.85 22 Machine tools 397.19 726.64 445.82 846.00 12.24 16.43 23 Machinery, electrical non-electrical 4138.33 8069.01 4148.68 7940.30 0.25 -1.60 24 Transport equipment 2341.05 4486.76 3087.28 5227.74 31.88 16.51 25 Project goods 56.78 88.97 31.62 69.35 -44.31 -22.05 26 Professional instrument, Optical goods, etc. 628.86 1205.43 643.79 1269.67 2.37 5.33 27 Electronic goods 6702.87 13111.28 7149.18 14200.43 6.66 8.31 28 Medicinal Pharmaceutical products 702.49 1279.88 763.43 1447.01 8.67 13.06 29 Gold 3693.47 4701.47 3333.03 6447.66 -9.76 37.14 30 Silver 27.15 140.04 137.93 272.07 407.99 94.28 Sub-Total 55063.15 102159.08 59409.91 111193.87 7.89 8.84 GRAND TOTAL 57481.42 106537.53 61914.33 116009.84 7.71 8.89 Note 1: Imports include Re-Imports. Note 2: The figures for MAY 24 are provisional. Note 3: Grand total is inclusive of component Other . QUICK ESTIMATES FOR SELECTED MAJOR COMMODITIES FOR MAY 2024 TRADE: IMPORT Sl. No. Commodities Values in Rs Crore % Change MAY'23 APR' ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ;23-MAY'23 MAY'24 APR'24-MAY'24 MAY'24 APR'24-MAY'24 1 Cotton Raw Waste 478.35 849.89 365.90 682.10 -23.51 -19.74 2 Vegetable Oil 9387.85 18232.11 12118.03 23273.01 29.08 27.65 3 Pulses 1085.59 2323.72 3093.09 6521.73 184.92 180.66 4 Fruits vegetables 1797.41 3434.43 1874.66 3999.84 4.30 16.46 5 Pulp and Waste paper 1123.97 2325.90 1400.13 2595.54 24.57 11.59 6 Textile yarn Fabric, made-up articles 1550.03 2872.74 1551.75 2901.58 0.11 1.00 7 Fertilisers, Crude manufactured 9720.49 15062.35 7833.71 12814.69 -19.41 -14.92 8 Sulphur Unroasted Iron Pyrites 54.25 237.16 43.44 96.02 -19.93 -59.51 9 Metaliferrous ores other minerals 7617.10 12201.53 8058.49 12990.14 5.79 6.46 10 Coal, Coke Briquettes, etc. 36990.90 65751.67 27517.52 53339.54 -25.61 -18.88 11 Petroleum, Crude products 128242.46 240560.06 166357.38 303663.80 29.72 26.23 12 Wood Wood products 4789.71 9200.97 4501.34 8354.01 -6.02 -9.21 13 Leather leather products 782.59 1288.02 633.63 1151.50 -19.03 -10.60 14 Organic Inorganic Chemicals 21091.10 40225.98 21255.23 39654.66 0.78 -1.42 15 Dyeing/tanning/colouring materials 2915.53 5656.03 2802.26 5515.65 -3.89 -2.48 16 Artificial resins, plastic mate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rials, etc. 15511.64 31081.93 15747.30 29956.09 1.52 -3.62 17 Chemical material products 8704.07 16805.03 7949.83 15553.92 -8.67 -7.44 18 Newsprint 327.11 525.02 316.41 542.88 -3.27 3.40 19 Pearls, precious Semi-precious stones 15469.46 32761.41 15923.88 29795.00 2.94 -9.05 20 Iron Steel 15021.87 29019.93 14201.85 27263.41 -5.46 -6.05 21 Non-ferrous metals 16861.94 31366.05 17266.69 32097.20 2.40 2.33 22 Machine tools 3270.61 5972.79 3717.80 7055.56 13.67 18.13 23 Machinery, electrical non-electrical 34076.37 66316.12 34597.05 66221.42 1.53 -0.14 24 Transport equipment 19276.98 36876.28 25745.71 43598.39 33.56 18.23 25 Project goods 467.56 731.57 263.65 578.35 -43.61 -20.94 26 Professional instrument, Optical goods, etc. 5178.21 9907.35 5368.77 10589.02 3.68 6.88 27 Electronic goods 55193.68 107755.96 59619.12 118430.73 8.02 9.91 28 Medicinal Pharmaceutical products 5784.53 10520.35 6366.50 12067.99 10.06 14.71 29 Gold 30413.23 38680.91 27795.08 53772.97 -8.61 39.02 30 Silver 223.58 1149.48 1150.21 2268.98 414.45 97.39 Sub-Total 453408.16 839692.71 495436.41 927345.74 9.27 10.44 GRAND TOTAL 473321.02 875683.13 516321.52 967510.51 9.08 10.49 Note 1: Grand total is inclusive of compo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nent Other . Note 2: The figures for MAY 24 are provisional. QUICK ESTIMATES FOR SELECTED COUNTRIES FOR MAY 2024 TRADE: EXPORT Sl. No. Countries (Values in Million USD) % Change MAY'23 APR'23-MAY'23 MAY'24 APR'24-MAY'24 MAY'24 APR'24-MAY'24 1 U S A 6573.41 12467.43 7432.21 14045.46 13.06 12.66 2 U ARAB EMTS 2568.17 4791.93 3067.14 5566.35 19.43 16.16 3 NETHERLAND 1522.98 3264.45 2191.83 4598.54 43.92 40.87 4 U K 1029.22 2146.36 1374.43 2620.39 33.54 22.09 5 CHINA P RP 1284.91 2673.96 1327.99 2581.58 3.35 -3.45 6 SINGAPORE 977.09 1824.50 1022.38 2493.13 4.64 36.65 7 SAUDI ARAB 1034.76 1969.05 1122.29 2072.78 8.46 5.27 8 BANGLADESH PR 862.77 1719.15 978.96 1784.74 13.47 3.82 9 GERMANY 811.67 1607.95 866.38 1641.96 6.74 2.12 10 FRANCE 529.03 1060.44 724.46 1488.79 36.94 40.39 11 MALAYSIA 424.74 901.36 794.06 1478.49 86.95 64.03 12 SOUTH AFRICA 703.32 1431.02 677.94 1389.59 -3.61 -2.90 13 ITALY 860.01 1716.42 689.60 1372.91 -19.82 -20.01 14 NEPAL 678.74 1337.99 607.73 1197.87 -10.46 -10.47 15 BRAZIL 634.57 1276.62 667.38 1152.87 5.17 -9.69 16 TURKEY 585.72 1247.56 681.43 1136.12 16.34 -8.93 17 BELGIUM 733.36 1308.08 472.94 1047.29 -35.51 -19.94 18 ME ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... XICO 441.66 853.36 512.69 999.50 16.08 17.13 19 AUSTRALIA 538.18 1259.39 519.25 956.55 -3.52 -24.05 20 HONG KONG 487.07 1013.19 518.38 928.15 6.43 -8.39 Sub-Total 23281.40 45870.21 26249.47 50553.05 12.75 10.21 GRAND TOTAL 34952.48 69570.93 38132.48 73116.68 9.10 5.10 Note 1: Grand total is inclusive of all countries. Note 2: The figures for MAY 24 are provisional. QUICK ESTIMATES FOR SELECTED COUNTRIES FOR MAY 2024 TRADE: IMPORT Sl. No. Countries (Values in Million USD) % Change MAY'23 APR'23-MAY'23 MAY'24 APR'24-MAY'24 MAY'24 APR'24-MAY'24 1 CHINA P RP 8250.12 15750.29 8482.59 16276.97 2.82 3.34 2 RUSSIA 6022.50 10307.80 7107.75 12358.18 18.02 19.89 3 U ARAB EMTS 3493.28 6642.07 5237.55 8556.70 49.93 28.83 4 U S A 3761.54 6818.76 3776.69 6983.76 0.40 2.42 5 IRAQ 2369.81 4625.93 3760.46 6204.50 58.68 34.12 6 SAUDI ARAB 2501.24 5613.21 2398.53 5591.29 -4.11 -0.39 7 INDONESIA 1950.79 3710.33 2406.55 4281.00 23.36 15.38 8 SWITZERLAND 2250.04 2945.99 1522.61 3724.72 -32.33 26.43 9 KOREA RP 1594.66 3189.11 1806.73 3352.57 13.30 5.13 10 SINGAPORE 1501.47 3051.37 1633.29 3202.70 8.78 4.96 11 JAPAN 1552.49 3059.08 1549.97 3039.38 -0.16 -0.64 12 GERMANY ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1819.30 3244.40 1296.08 2502.57 -28.76 -22.87 13 HONG KONG 1355.82 2438.56 1306.96 2428.74 -3.60 -0.40 14 QATAR 956.75 2013.00 1245.48 2315.09 30.18 15.01 15 SOUTH AFRICA 1015.09 1714.66 1125.75 2140.04 10.90 24.81 16 AUSTRALIA 1450.62 2503.03 998.42 1997.20 -31.17 -20.21 17 MALAYSIA 1027.77 1869.54 993.92 1969.25 -3.29 5.33 18 THAILAND 850.23 1773.29 875.40 1811.10 2.96 2.13 19 TAIWAN 605.62 1244.25 882.77 1778.04 45.76 42.90 20 KUWAIT 743.94 1405.90 933.21 1566.58 25.44 11.43 Sub-Total 45073.07 83920.59 49340.72 92080.38 9.47 9.72 GRAND TOTAL 57481.42 106537.53 61914.33 116009.84 7.71 8.89 Note 1: Grand total is inclusive of all countries. Note 2: The figures for MAY 24 are provisional. * Link for Quick Estimates - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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