October 2023 update:
India’s overall exports(merchandise and services combined) during Oct 2023 is estimated at USD 62.26 Billion exhibiting positive growth of 9.43% over October-2022.
Merchandise exports during Oct-23 is USD 33.57 Billion compared to USD 31.60Billion in Oct-22, positive growth of 6.2%.
Services sector export for Oct-23 is estimated at 28.70 Billion compared to 25.30 Billion USD during Oct- 22.
Overall imports during October 23 is estimated at USD 79.35 billion exhibiting positive growth of 11.10% over OCT-22.
Overall trade deficit during April-October reduced by 35.86% from USD 89.86 Billion USD in 2022 to 57.14 Billion USD.
Coffee exports growth of 9.6%for the month and 8.8% till Oct.
Rice exports reduced by -19% for the month(3rd consecutive month of degrowth)
Marine products exports grew by 9%.(3rd consecutive month of + growth)
Iron ore exports continue to grow significantly on a low base of last year.
Ceramic products and glassware exports up by 50% for the month and 29% so far in FY24.
Pharma exports grew 30% for October month and 13% so far in FY24.
Chemicals exports remained flat during the month.
Electronic goods exports are back to positive growth after dipping during last month.
Cotton yarn/fabs grew by 38% during the month , RMG of textiles remains negative.
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