Overall exports during April -September 2024 is estimated at USD 393.22 Billion, as compared to USD 375 Billion in April-September 2023, with an estimated growth of 4.86%.
NEW DELHI : 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.
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%).
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 |
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.
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.
- 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 & 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(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 value 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 (15.25%), 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%), Artificial 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 Netherland (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%).