Oil, gold imports drive up India's trade deficit in April
India’s merchandise imports in April 2024 were $54.09 billion, as compared to $49.06 billion in April 2023.
trade deficit
May 2024
April 2024
February 2024
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December 2023
November 2023
July 2023
Goods exports dip 3% in FY24, imports fall faster
The increase in export of services from India is expected to compensate for the decline in merchandise exports.
India's annual trade deficit widens to $17.49 bn in Jan
Overall trade deficit dipped 37.11% to $70.43 billion in April-January 2023-24 from $111.99 billion in the year-ago period.
ASEAN, South Korea, Japan FTAs increased India's goods trade deficit
The GTRI report points out that India's exports to these FTA partners have increased at a lower rate than its imports.
India's goods exports at $38.45 bn, marginally higher in December
The goods imports during the month showed a decline from $61.22 billion in December 2022 to $58.25 billion in December 2023.
It’s Not Double-engine Growth!
While India's consumption demand and trade deficit were a dampener, the gross fixed capital formation grew by a solid 11%, a double-digit growth for the first time in five quarter.
Trade deficit shrinks 39% in Apr-Nov
India exported $ 33.9 billion worth of goods in November 2023, marginally lower than $34.89 billion in November 2022
Goods exports grow 6.21% in October
Merchandise imports for October shot up 12.3% to $65.03 billion, as compared to $57.91 billion in October 2022.
Domestic exports surge 9.4% in October; imports up 11.1%
The services exports surged 13.43% year-on-year to $28.70 billion during the month under review as against $25.30 billion in the same period last year
India's exports dip 13% to $60.09 bn in June
Merchandise exports declined by 22% to $32.97 billion in June as against $42.28 billion in the same period last year.
