Aug Indian merchandise exports dip to $34.48 bn; $37.02 bn in Aug 2022
17 Sep 23 1 min read
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.
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.
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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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