Trade Update News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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In 2023, sectors which are expected to register growth include, aviation turbine fuels, motor gasoline, smartphones, basmati rice, motor car-medium size, turbo-jets, and auto components. Smartphone exports are expected to jump by about 93 per cent to USD 14 billion during the current calendar year as against USD 7.2 billion in 2022.

Electronics Exports: Economic think tank Global Trade Research Initiative (GTRI) in its report said that despite global challenges, India's exports and imports of goods and services are likely to dip by 2.6 per cent to USD 1,609 billion in 2023 as against USD 1,651.9 billion in 2022.

Last month we warned that Indonesia’s trade performance could easily continue to contract in February 2023, thereby continuing the trend we have seen since August 2022. Moreover, February is a short month, and therefore it typically has trouble to compete with other months in terms of trade activity.