Stay updated with breaking news from India Trade Data. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India's trade deficit increased to $17.49 billion in January 2023, according to Commerce Secretary Sunil Barthwal. The deficit was $17.03 billion in January and $19.8 billion in December 2023. Merchandise exports rose by 3.12% to $36.92 billion, while imports increased by 7.4% to $54.41 billion.
Indian exports: India's trade deficit narrowed to USD 20.58 billion in November from USD 31.46 billion in October. Economists, surveyed by Reuters, anticipated it to be USD 20.50 billion. Exports decreased by 2.8% to USD 33.90 billion, while imports reduced to USD 54.48 billion compared to USD 55.8 billion in November 2022.
Indian exports: India's trade deficit narrowed to $20.58 billion in November from $31.46 billion in October. Economists, surveyed by Reuters, anticipated it to be $20.50 billion. Exports decreased by 2.8% to $33.90 billion, while imports reduced to $54.48 billion compared to $55.8 billion in November 2022.
India's merchandise trade deficit in October was $31.46 billion, despite a 6.2% increase in exports to $33.57 billion. Imports rose to $65.03 billion, offset by the rise in exports. The spike in global crude oil prices led to an increase in imports. Gold imports also rose by 5.5% to $29.48 billion. Commerce Secretary Sunil Barthwal said trade numbers in October reflect 'green shoots'.
India's merchandise trade deficit for September 2022 was $19.37 billion, lower than the previous month's $26.72 billion. Exports slowed by 2.6% to $34.47 billion, while imports decreased by over 15% to $53.84 billion. The government revised August's exports to $38.45 billion and imports to $60.1 billion. Services exports in September were $29.37 billion, while imports were $14.91 billion.