Summary:

India’s total exports, comprising products and services, reached US$ 73.21 billion in October 2024, up 19.08% from October 2023. Merchandise exports increased to US$ 39.20 billion, while service exports rose to US$ 34.02 billion. Imports for the month were US$ 83.33 billion, up 7.77%. The trade deficit in October 2024 was US$ 10.12 billion, down from US$ 15.85 billion the previous year.

From April to October 2024, India's total exports were US$ 468.27 billion, up 7.28% from FY23. Merchandise exports totaled US$ 252.28 billion, while service exports totaled US$ 215.98 billion. Imports increased by 7.05% to US$ 531.51 billion. The trade imbalance totaled US$ 63.24 billion. Non-petroleum and non-gems & jewellery exports increased by 27.5%, while service exports grew by 12.51%. Singapore, the United Arab Emirates, the United States, the United Kingdom, and Australia were among the key destinations.

Source: IBEF 

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