India’s overall exports–merchandise and services combined—in August this year were estimated to be worth $60.87 bn—a drop of 4.17 percent year on year (YoY). Overall imports in the month were estimated to be worth $72.50 bn—a fall of 5.97 percent YoY.
Merchandise exports in the month were worth $34.48 bn compared to $37.02 bn in the same month last year. Such imports were worth $58.64 bn compared to $61.88 bn in August 2022.
India’s overall exports in the first five months of fiscal 2023-24 (April-August) were estimated to have fallen by 5.22 percent YoY. Overall imports during the period were estimated to have dropped by 10.35 percent YoY.
Merchandise exports during the five-month period were worth $172.95 bn compared to $196.33 bn during the same period in the last fiscal. Such imports for the period were worth $271.83 bn compared to $309.19 bn during April-August 2022.
The merchandise trade deficit for the five-month period was estimated at $98.88 bn compared to $112.85 bn during the same period in the last fiscal.
