This page is for information purpose only. Interested exporters may contact APEDA – Agricultural & Processed Food Products Export Development Authority at apeda.gov.in
India’s overall exports (Merchandise and Services combined) in FY 2023-24 (April-March) are estimated to be US$ 776.68 Billion, exhibiting a positive growth of 0.04% over FY 2022-23 (April-March).
Overall imports in FY 2023-24 (April-March) are estimated to be US$ 854.80 Billion, exhibiting a negative growth of (-) 4.81% over FY 2022-23 (April-March). Link
India’s foreign exchange reserves stood at an all-time high of US$ 648.56 billion as of April 5. Link
Latest highlights of India’s international trade
India’s overall exports (Merchandise and Services combined) in March 2024 is estimated to be US$ 70.21 Billion, exhibiting a negative growth of (-) 3.01 % over March 2023.
Overall imports in March 2024 is estimated to be US$ 73.12 Billion, exhibiting a negative growth of (-) 6.11 % over March 2023. Link
Merchandise Trade
- Merchandise exports in March 2024 were US$41.68 Billion, compared to US$41.96 billion in March 2023.
- Merchandise imports in March 2024 were US$ 57.28 Billion, compared to US$ 60.92 Billion in March 2023.
- Merchandise exports for FY 2023-24 (April-March) were US$ 437.06 Billion against US$ 451.07 Billion during FY 2022-23 (April-March).
- Merchandise imports for FY 2023-24 (April-March) were US$ 677.24 Billion against US$ 715.97 Billion during FY 2022-23 (April-March).
- The merchandise trade deficit for FY 2023-24 (April-March) was estimated at US$ 240.17 Billion against US$ 264.90 Billion during FY 2022-23 (April-March).
Services Trade
- The estimated value of services export for FY 2023-24 (April-March)* is US$ 339.62 Billion compared to US$ 325.33 Billion in FY 2022-23 (April-March).
- The estimated value of services imports for FY 2023-24 (April-March)* is US$ 177.56 Billion compared to US$ 182.05 Billion in FY 2022-23 (April-March).
- The services trade surplus for FY 2023-24 (April-March)* is estimated at US$ 162.05 Billion against US$ 143.28 Billion in FY 2022-23 (April-March).