{"id":18146,"date":"2024-09-18T10:56:50","date_gmt":"2024-09-18T05:26:50","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=18146"},"modified":"2024-09-18T10:56:50","modified_gmt":"2024-09-18T05:26:50","slug":"indias-exports-rise-5-35-usd-374-33-billion-from-april-august-2024","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/09\/18\/indias-exports-rise-5-35-usd-374-33-billion-from-april-august-2024\/","title":{"rendered":"India’s Exports Rise 5.35%: USD 374.33 Billion from April-August 2024"},"content":{"rendered":"

India\u2019s total exports (Merchandise and Services combined) for August 2024* is estimated at USD 65.40 Billion, registering a negative growth of (-) 2.38 percent vis-\u00e0-vis August 2023. Total imports (Merchandise and Services combined) for August 2024* is estimated at USD 80.06 Billion, registering a positive growth of 3.45 percent vis-\u00e0-vis August 2023.<\/p>\n

Table 1: Trade during August 2024*<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\nAugust 2024<\/strong><\/p>\n

(USD Billion)<\/strong><\/td>\n

August 2023<\/strong><\/p>\n

(USD Billion)<\/strong><\/td>\n<\/tr>\n

Merchandise<\/strong><\/td>\nExports<\/td>\n34.71<\/td>\n38.28<\/td>\n<\/tr>\n
Imports<\/td>\n64.36<\/td>\n62.30<\/td>\n<\/tr>\n
Services*<\/strong><\/td>\nExports<\/td>\n30.69<\/td>\n28.71<\/td>\n<\/tr>\n
Imports<\/td>\n15.70<\/td>\n15.09<\/td>\n<\/tr>\n
Total Trade<\/strong><\/p>\n

(Merchandise +Services) *<\/strong><\/td>\n

Exports<\/td>\n65.40<\/td>\n67.00<\/td>\n<\/tr>\n
Imports<\/td>\n80.06<\/td>\n77.39<\/td>\n<\/tr>\n
Trade Balance<\/td>\n-14.66<\/td>\n-10.39<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

* Note: The latest data for services sector released by RBI is for July 2024. The data for August 2024 is an estimation, which will be revised based on RBI\u2019s subsequent release.<\/em><\/p>\n

Fig 1: Total Trade during August 2024*<\/strong><\/p>\n

<\/p>\n

 <\/p>\n

India\u2019s total exports during April-August 2024* is estimated at USD 328.86 Billion registering a positive growth of 5.35 percent. Total imports during April-August 2024* is estimated at USD 375.33 Billion registering a growth of 7.20 percent.<\/p>\n

Table 2: Trade during April-August 2024*<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n <\/td>\nApril-August 2024<\/strong><\/p>\n

(USD Billion)<\/strong><\/td>\n

April-August 2023<\/strong><\/p>\n

(USD Billion)<\/strong><\/td>\n<\/tr>\n

Merchandise<\/strong><\/td>\nExports<\/td>\n178.68<\/td>\n176.67<\/td>\n<\/tr>\n
Imports<\/td>\n295.32<\/td>\n275.83<\/td>\n<\/tr>\n
Services*<\/strong><\/td>\nExports<\/td>\n150.18<\/td>\n135.50<\/td>\n<\/tr>\n
Imports<\/td>\n80.00<\/td>\n74.28<\/td>\n<\/tr>\n
Total Trade<\/strong><\/p>\n

(Merchandise +Services) *<\/strong><\/td>\n

Exports<\/td>\n328.86<\/td>\n312.17<\/td>\n<\/tr>\n
Imports<\/td>\n375.33<\/td>\n350.11<\/td>\n<\/tr>\n
Trade Balance<\/td>\n-46.46<\/td>\n-37.94<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Fig 2: Total Trade during April-August 2024*<\/strong><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n

MERCHANDISE TRADE<\/strong><\/p>\n

    \n
  • Merchandise exports during August 2024 were USD 34.71 Billion as compared to USD 38.28 Billion in August 2023.<\/li>\n
  • Merchandise imports during August 2024 were USD 64.36 Billion as compared to USD 62.30 Billion in August 2023.<\/li>\n<\/ul>\n

    Fig 3: Merchandise Trade during August 2024<\/strong><\/p>\n

    <\/p>\n

      \n
    • Merchandise exports during April-August 2024 were USD 178.68 Billion as compared to USD 176.67 Billion during April-August 2023.<\/li>\n
    • Merchandise imports during April-August 2024 were USD 295.32 Billion compared to USD 275.83 Billion during April-August 2023.<\/li>\n
    • Merchandise trade deficit during April-August 2024 was USD 116.64 Billion compared to USD 99.16 Billion during April-August 2023.<\/li>\n<\/ul>\n

      Fig4: Merchandise Trade during April-August 2024<\/strong><\/p>\n

      <\/p>\n

        \n
      • Non-petroleum and non-gems & jewellery exports in August 2024 were USD 26.76 Billion compared to USD 26.14 Billion in August 2023.<\/li>\n
      • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in August 2024 were USD 40.65 Billion compared to USD 38.88 Billion in August 2023.<\/li>\n<\/ul>\n

         <\/p>\n

        Table 3: Trade excluding Petroleum and Gems & Jewellery during August 2024<\/strong><\/p>\n\n\n\n\n\n\n\n
         <\/td>\n\n

        August 2024<\/h2>\n

        (USD Billion)<\/strong><\/td>\n

        		August 2023<\/strong><\/p>\n

        (USD Billion)<\/strong><\/td>\n<\/tr>\n

        Non- petroleum exports<\/td>\n28.76<\/td>\n28.74<\/td>\n<\/tr>\n
        Non- petroleum imports<\/td>\n53.34<\/td>\n46.01<\/td>\n<\/tr>\n
        Non-petroleum & Non-Gems & Jewellery exports<\/td>\n26.76<\/td>\n26.14<\/td>\n<\/tr>\n
        Non-petroleum & Non-Gems & Jewellery imports<\/td>\n40.65<\/td>\n38.88<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

        Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones<\/em><\/p>\n

         <\/p>\n

        Fig 5: Trade excluding Petroleum and Gems & Jewellery during August 2024<\/strong><\/p>\n

        <\/p>\n

          \n
        • Non-petroleum and non-gems & jewellery exports in April-August 2024 were USD 135.75 Billion, compared to USD 128.95 Billion in April-August 2023.<\/li>\n
        • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-August 2024 were USD 186.25 Billion, compared to USD 177.13 Billion in April-August 2023.<\/li>\n<\/ul>\n

           <\/p>\n

          Table 4: Trade excluding Petroleum and Gems & Jewellery during April-August 2024<\/strong><\/p>\n\n\n\n\n\n\n\n
           <\/td>\n\n

          April-August 2024<\/h2>\n

          (USD Billion)<\/strong><\/td>\n

          		April-August 2023<\/strong><\/p>\n

          (USD Billion)<\/strong><\/td>\n<\/tr>\n

          Non- petroleum exports<\/td>\n146.85<\/td>\n141.38<\/td>\n<\/tr>\n
          Non- petroleum imports<\/td>\n218.94<\/td>\n205.88<\/td>\n<\/tr>\n
          Non-petroleum & Non Gems & Jewellery exports<\/td>\n135.75<\/td>\n128.95<\/td>\n<\/tr>\n
          Non-petroleum & Non Gems & Jewellery imports<\/td>\n186.25<\/td>\n177.13<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

          Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones<\/em><\/p>\n

          Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-August 2024<\/strong><\/p>\n

          <\/p>\n

           <\/p>\n

          SERVICES TRADE<\/strong><\/p>\n

            \n
          • The estimated value of services export for August 2024* is USD 30.69 Billion as compared to USD 28.71 Billion in August 2023.<\/li>\n
          • The estimated value of services imports for August 2024* is USD 15.70 Billion as compared to USD 15.09 Billion in August 2023.<\/li>\n<\/ul>\n

            Fig 7: Services Trade during August 2024*<\/strong><\/p>\n

            <\/p>\n

             <\/p>\n

              \n
            • The estimated value of service exports during April-August 2024* is USD 150.18 Billion as compared to USD 135.50 Billion in April-August 2023.<\/li>\n
            • The estimated value of service imports during April-August 2024* is USD 80 Billion as compared to USD 74.28 Billion in April-August 2023.<\/li>\n
            • The services trade surplus for April-August 2024* is USD 70.18 Billion as compared to USD 61.22 Billion in April-August 2023.<\/li>\n<\/ul>\n

              Fig 8: Services Trade during April-August 2024*<\/strong><\/p>\n

              <\/p>\n

                \n
              • Exports of Coffee (69.55%), Tobacco (34.45%), Spices (19.13%), Jute Mfg. Including Floor Covering (15.24%), Tea (14.96%), Rmg Of All Textiles (11.88%), Plastic & Linoleum (11.08%), Meat, Dairy & Poultry Products (9.83%), Carpet (8.9%), Organic & Inorganic Chemicals (8.32%), Oil Seeds (8.09%), Electronic Goods (7.85%), Cereal Preparations & Miscellaneous Processed Items (7.62%), Handicrafts Excl. Hand Made Carpet (7.19%), Cashew (6.84%), Drugs & Pharmaceuticals (4.67%), Engineering Goods (4.36%), Man-Made Yarn\/Fabs.\/Made-Ups Etc. (1.59%) and Leather & Leather Products (0.07%) record positive growth during August 2024 over the corresponding month of last year.<\/li>\n
              • Imports of Dyeing\/Tanning\/Colouring Materials (-58.07%), Chemical Material & Products\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (-53.08%), Pearls, Precious & Semi-Precious Stones (-35.37%), Petroleum, Crude & Products\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (-32.38%), Sulphur & Unroasted Iron Pyrites (-25.23%), Fertilisers, Crude & Manufactured\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (-18.15%), Project Goods (-17.92%), Vegetable Oil\u00a0 (-16.56%), Newsprint (-10.78%), Pulp And Waste Paper (-5.63%), Medicinal & Pharmaceutical Products (-2.64%) and Iron & Steel (-1.43%) record negative growth\u00a0during August 2024 over the corresponding month of last year.<\/li>\n
              • Services exports is estimated to grow by 10.84 percent during April-August 2024* over April-August 2023.<\/li>\n
              • Top 5 export destinations, in terms of change in value, exhibiting positive growth in August 2024 vis a vis August 2023 are Netherland (28.92%), Kenya (105.72%), Russia (44.61%), Brazil (27.05%) and U K (14.57%).<\/li>\n
              • Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-August 2024 vis a vis April-August 2023 are Netherland (36.43%), U S A (5.72%), U Arab Emts (9.24%), Malaysia (40.06%) and U K (14.59%).<\/li>\n
              • Top 5 import sources, in terms of change in value, exhibiting growth in August 2024 vis a vis August 2023 are U Arab Emts (72.7%), Switzerland (80.45%), China P Rp (15.55%), U K (124.55%) and Oman (274.95%).<\/li>\n
              • Top 5 import sources, in terms of change in value, exhibiting growth in April-August 2024 vis a vis April-August 2023 are U Arab Emts (52.6%), China P Rp (10.96%), Russia (6.39%), Switzerland (16.88%) and Taiwan (40.38%).<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                India\u2019s total exports (Merchandise and Services combined) for August 2024* is estimated at USD 65.40 Billion, registering a negative growth of (-) 2.38 percent vis-\u00e0-vis August 2023. Total imports (Merchandise and Services combined) for August 2024* is estimated at USD 80.06 Billion, registering a positive growth of 3.45 percent vis-\u00e0-vis August 2023. Table 1: Trade …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[14100,14102,14099,14101],"class_list":["post-18146","post","type-post","status-publish","format-standard","","category-business-english-news","tag-economic-impact-of-indias-export-growth","tag-export-destinations-from-india","tag-indian-export-statistics","tag-trade-balance-of-india"],"yoast_head":"\nIndia's Exports Rise 5.35%: USD 374.33 Billion from April-August 2024 - Matribhumi Samachar English<\/title>\n<meta name=\"description\" content=\"Learn about India's export growth of 5.35% to USD 374.33 billion from April to August 2024. 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