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TMI BlogThe 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%.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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%. X X X X Extracts X X X X X X X X Extracts X X X X ..... armaceuticals and RMG of all Textiles. Engineering Goods exports increased by 10.55% from USD 8.89 Billion in September 2023 to USD 9.82 Billion in September 2024. Organic & Inorganic Chemicals exports increased by 11.21% from USD 2.12 Billion in September 2023 to USD 2.36 Billion in September 2024. Plastic & Linoleum exports increased by 28.32% from USD 0.62 Billion in September 2023 to USD 0.79 Billion in September 2024. Drugs & Pharmaceuticals exports increased by 7.22% from USD 2.39 Billion in September 2023 to USD 2.57 Billion in September 2024. RMG of all Textiles exports increased by 17.30% from USD 0.95 Billion in September 2023 to USD 1.11 Billion in September 2024. India's total exports (Merchandise and Services combined) fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 * Merchandise exports during September 2024 were USD 34.58 Billion as compared to USD 34.41 Billion in September 2023. * Merchandise imports during September 2024 were USD 55.36 Billion as compared to USD 54.49 Billion in September 2023. Fig 3: Merchandise Trade during September 2024 * Merchandise exports during April-September 2024 were USD 213.22 Billion as compared to USD 211.08Billion during April-September 2023. * Merchandise imports during April-September 2024 were USD 350.66 Billion as compared to USD 330.32 Billion during April-September 2023. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... * Merchandise trade deficit during April-September 2024 was USD 137.44 Billion as compared to USD 119.24 Billion during April-September 2023. Fig4: Merchandise Trade during April-September 2024 * Non-petroleum and non-gems & jewellery exports in September 2024 were USD 27.03Billion compared to USD 24.76Billion in September 2023. * Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in September 2024 were USD 36.49Billion compared to USD 34.21Billion in September 2023. Table 3: Trade excluding Petroleum and Gems & Jewellery during September 2024 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 & ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 * Non-petroleum and non-gems & jewellery exports in April-September 2024 were USD 162.77 Billion, compared to USD 153.71 Billion in April-September 2023. * Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-September 2024 were USD 222.72 Billion, compared to USD 211.34 Billion in April-September 2023. Table 4: Trade excluding Petroleum and Gems & Jewellery during April-September 2024 April-September 2024 (USD Billion) April-September 2023 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (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 * The estimated value of services export for September 2024* is USD 30.61 Billion as compared to USD 28.42Billion in September 2023. * The estimated value of services imports for September 2024* is USD 16.32 Billion as compared to USD 14.58Billion in September 2023. Fig 7: Services Trade during September2024* * The estimated valu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of service exports during April-September 2024* is USD 180 Billion as compared to USD 163.92 Billion in April-September 2023. * The estimated value of service imports during April-September 2024* is USD 97.39 Billion as compared to USD 88.86 Billion in April-September 2023. * The services trade surplus for April-September 2024* is USD 82.61 Billion as compared to USD 75.06 Billion in April-September 2023. Fig 8: Services Trade during April-September 2024* * Exports of Coffee (74.75%), Tobacco (50.9%), Handicrafts Excl. Hand Made Carpet (48.09%), Plastic & Linoleum (28.32%), Spices (26.66%), Rice (24.93%), Rmg Of All Textiles (17.3%), Jute Mfg. Including Floor Covering (16.45%), Cereal Preparations & Miscellaneous Processed Items (1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5.25%), Carpet (14.93%), Oil Seeds (14.73%), Oil Meals (13%), Man-Made Yarn/Fabs./Made-Ups Etc. (11.41%), Organic & Inorganic Chemicals (11.21%), Engineering Goods (10.55%), Leather & Leather Products (8.86%), Fruits & Vegetables (8.38%), Electronic Goods (7.89%), Meat, Dairy & Poultry Products (7.85%), Drugs & Pharmaceuticals (7.22%), Tea (5.73%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (3.48%) and Cashew (2.23%) record positive growth during September 2024 over the corresponding month of last year. * Imports of Dyeing/Tanning/Colouring Mtrls. (-25.92%), Vegetable Oil (-23.24%), Pearls, Precious & Semi-Precious Stones (-21.62%), Leather & Leather Products (-16.62%), Newsprint (-13.62%), Petroleum, Crude & Products (-10.44%), A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rtificial Resins, Plastic Materials, Etc. (-8.76%), Coal, Coke & Briquettes, Etc. (-2.14%), Textile Yarn Fabric, Made-Up Articles (-1.8%) and Transport Equipment (-0.38%) record negative growth during September 2024 over the corresponding month of last year. * Services exports is estimated to grow by 9.81percent during April-September 2024* over April-September 2023. * Top 5 export destinations, in terms of change in value, exhibiting positive growth in September 2024 vis a vis September 2023 are Netherland (38.6%), U Arab Emts (23.75%), U S A (4.98%), Brazil (41.98%) and Japan (36.35%). * Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-September 2024 vis a vis April-September 2023 are Nethe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rland (36.73%), U S A (5.6%), U Arab Emts (11.45%), Malaysia (27.91%) and U K (12.4%).
* Top 5 import sources, in terms of change in value, exhibiting growth in September 2024 vis a vis September 2023 are U Arab Emts (49.22%), China P Rp (14.46%), Germany (32.52%), Japan (25.72%) and Taiwan (38.17%)
* Top 5 import sources, in terms of change in value, exhibiting growth in April-September 2024 vis a vis April-September2023 are U Arab Emts (52.01%), China P Rp (11.52%), Russia (5.73%), Taiwan (39.97%) and Oman (51.52%).
*Link for Quick Estimates X X X X Extracts X X X X X X X X Extracts X X X X
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