Trade

This page is for information purpose only. Interested exporters may contact APEDA – Agricultural & Processed Food Products Export Development Authority at apeda.gov.in


FY24 witnessed healthy trade figures, with overall exports (merchandise and trade combined) estimated to have reached US$ 323.19 billion from April-August 2023. Link

India continues to have among the largest foreign exchange reserves in the world.  As of September 29 2023, India’s total foreign exchange reserves stood at US$ 620441 million. Link

Latest highlights of India’s international trade:

India’s overall exports (Merchandise and Services combined) in December 2023 is estimated to be USD 66.33 Billion, exhibiting a negative growth of (-) 4.25 per cent over December 2022.

Overall imports in December 2023* is estimated to be USD 71.50 Billion, exhibiting a negative growth of  (-) 7.18 per cent over December 2022.

India’s overall exports (Merchandise and Services combined) in April-December 2023* are estimated to be USD 565.04 Billion, exhibiting a negative growth of (-) 1.87 per cent over April-December 2022. Overall imports in April-December 2023* are estimated to be USD 634.39 Billion, exhibiting a negative growth of (-) 7.24 per cent over April-December 2022. Link

Merchandise Trade

  • Merchandise exports in December 2023 were USD 38.45 Billion, as compared to USD 38.08 Billion in December 2022.
  • Merchandise imports in December 2023 were USD 58.25 Billion, as compared to USD 61.22 Billion in December 2022.
  • Merchandise exports for the period April-December 2023 were USD 317.12 Billion as against USD 336.30 Billion during April-December 2022.
  • Merchandise imports for the period April-December 2023 were USD 505.15 Billion as against USD 548.64 Billion during April-December 2022.
  • The merchandise trade deficit for April-December 2023 was estimated at USD 188.02 Billion as against USD 212.34 Billion during April-December 2022.

Services Trade

  • The estimated value of services export for December 2023* is USD 27.88 Billion, as compared to USD 31.19 Billion in December 2022.
  • The estimated value of services import for December 2023* is USD 13.25 Billion as compared to USD 15.81 Billion in December 2022.
  • The estimated value of services export for April-December 2023* is USD 247.92 Billion as compared to USD 239.50 Billion in April-December 2022.
  • The estimated value of services imports for April-December 2023* is USD 129.24 Billion as compared to USD 135.29 Billion in April-December 2022.
  • The services trade surplus for April-December 2023* is estimated at USD 118.68 Billion as against USD 104.21 Billion in April-December 2022.

Foreign Trade Overview

Merchandise exports have registered highest ever annual exports of US$ 447.46 billion with 6.03% growth during FY 2022-23

Learn More

Foreign Trade Policy

The Foreign Trade Policy 2023 was implemented to facilitate ease of doing business for exporters

Learn More

Self-reliant India Programme

A self-reliant India would follow the motto of ‘Build local to go global’

Learn More

Trade Agreements

India has been constantly establishing key global partnerships

Learn More

India's Twinning Agreements

An efficient tool to bolster cultural, diplomatic and commercial ties

Learn More

Export Incentives

India has been building an ecosystem to aid sustainable export activities

Learn More

Guide to Exporting

Here’s a guide, the A to Z of how to set up an export business in India

Learn More

How IndBiz Can Help

IndBiz aims to help global traders and investors to connect with India

Learn More

FAQS

Solutions to your immediate queries related to international trade with India

Learn More

News

Startup Mahakumbh aims to improve India’s ranking in innovation

March 18, 2024

The Indian Government’s Department for Promotion of Industry and Internal …

Read More

E-Mobility to get a boost from Government’s INR 500 Crore Scheme

March 15, 2024

India’s Ministry of Heavy Industries unveiled the E-Mobility Promotion Scheme …

Read More

Fitch improves India’s FY25 GDP forecast to 7%

March 14, 2024

Fitch Ratings has revised India’s gross domestic product (GDP) growth …

Read More

Events