DBT Bureau
Bhubaneswar, 16 July 2024
India’s total exports (Merchandise and Services combined) for June 2024* are estimated at USD 65.47 Billion, reflecting a 5.40 percent increase compared to June 2023. Total imports (Merchandise and Services combined) for June 2024* are estimated at USD 73.47 Billion, showing a 6.29 percent increase compared to June 2023.
Table 1: Trade during June 2024*
* Note: The latest data for services sector released by RBI is for May 2024. The data for June 2024 is an estimation, which will be revised based on RBI’s subsequent release.
India’s total exports during April-June 2024* is estimated at USD 200.33 Billion registering a positive growth of 8.60 percent. Total imports during April-June 2024* is estimated at USD 222.89 Billion registering a growth of 8.47 percent.
- Exports of Coffee (70.02%), Tobacco (37.71%), Iron Ore (24.66%), Electronic Goods (16.91%), Cereal Preparations & Miscellaneous Processed Items (15.43%), Carpet (10.64%), Engineering Goods (10.27%), Plastic & Linoleum (9.94%), Drugs & Pharmaceuticals (9.93%), Spices (9.84%), Fruits & Vegetables (6.97%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (4.43%), Rmg Of All Textiles (3.68%), Organic & Inorganic Chemicals (3.32%), Tea (3.2%), Man-Made Yarn/Fabs./Made-Ups Etc. (2.79%), Ceramic Products & Glassware (2.48%), Rice (0.97%), and Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (0.92%) record positive growth during June 2024 over the corresponding month of last year.
- Imports of Gold (-38.66%), Fertilisers, Crude & Manufactured (-36.44%), Sulphur & Unroasted Iron Pyrts (-30.55%), Cotton Raw & Waste (-26.16%), Chemical Material & Products (-22.3%), Pearls, Precious & Semi-Precious Stones (-18.91%), Leather & Leather Products (-17.38%), Coal, Coke & Briquettes, Etc. (-16.73%) and Transport Equipment (-5.52%) record negative growth during June 2024 over the corresponding month of last year.
- Services exports is estimated to grow by 12.16 percent during April-June 2024* over April-June 2023.
- Top 5 export destinations, in terms of change in value, exhibiting positive growth in June 2024 vis a vis June 2023 are U S A (5.98%), U Arab Emts (13.81%), Malaysia (93.82%), Bangladesh Pr (25.2%) and Tanzania Rep (59.13%).
- Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-June 2024 vis a vis April-June 2023 are Netherland (41.33%), U S A (10.4%), U Arab Emts (17.62%), Malaysia (81.84%) and Singapore (26.55%).
- Top 5 import sources, in terms of change in value, exhibiting growth in June 2024 vis a vis June 2023 are U Arab Emts (48.15%), China P Rp (18.37%), Russia (18.57%), Indonesia (23.22%) and U S A (10.65%).
- Top 5 import sources, in terms of change in value, exhibiting growth in April-June 2024 vis a vis April-June 2023 are U Arab Emts (35.68%), Russia (19.72%), China P Rp (8.34%), Iraq (27.64%) and Indonesia (17.92%).
