Aug Indian merchandise exports dip to $34.48 bn; $37.02 bn in Aug 2022

17 Sep '23

1 min read

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Insights

India's overall exports in August were worth nearly $60.87 billion—a 4.17 per cent year on year drop, while such imports were worth an estimated $72.50 billion—a 5.97 per cent YoY fall.
Merchandise exports in August were worth $34.48 billion compared to $37.02 billion in August 2022.
Such imports were worth $58.64 billion compared to $61.88 billion in August 2022.

India’s overall exports--merchandise and services combined—in August this year were estimated to be worth $60.87 billion—a drop of 4.17 per cent year on year (YoY). Overall imports in the month were estimated to be worth $72.50 billion—a fall of 5.97 per cent YoY.

Merchandise exports in the month were worth $34.48 billion compared to $37.02 billion in the same month last year. Such imports were worth $58.64 billion compared to $61.88 billion in August 2022.

India’s overall exports in the first five months of fiscal 2023-24 (April-August) were estimated to have fallen by 5.22 per cent YoY. Overall imports during the period were estimated to have dropped by 10.35 per cent YoY.

Merchandise exports during the five-month period were worth $172.95 billion compared to $196.33 billion during the same period in the last fiscal. Such imports for the period were worth $271.83 billion compared to $309.19 billion during April-August 2022.

The merchandise trade deficit for the five-month period was estimated at $98.88 billion compared to $112.85 billion during the same period in the last fiscal.

Fibre2Fashion News Desk (DS)

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