February 2024 update:
India’s overall exports(merchandise and services combined) during Feb 2024 is estimated at USD 73.55 Billion, exhibiting positive growth 14.2% over Feb 23.
India recorded the highest monthly merchandise export during the current FY at USD 41.40 Billion compared to USD 37.01 Billion in Feb 23 an increase of 11.86%.
The estimated value of service export during Feb 24 is at USD 32.15 Billion compared to 27.40 Billion during Feb 23, an increase of 14.7%.
Overall trade deficit during April- Feb24 is at USD 73.55 Billion compared to USD 116.13 Billion during April-Feb 23, an improvement of 37%.
Coffee exports increased significantly by 46.56% for Feb month compared to flat/moderate growth during the last few months.
Rice exports which were in a down trend for many months grew by 2.2%.
Marine products continue to remain negative for the month and year so far.
Iron ore exports increased by 33% during February.
Ceramic products and glassware exports up by 10% ( were negative during Jan month)
Pharma exports grew at 22.7% for Feb month and 12.9% so far in FY24.
Chemicals exports increased by 33.6% which is a significant change compared to downtrend during the FY so far.
Engineering and electronics goods export remained positive.
RMG of textile exports also turned positive.
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