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India's merchandise exports up marginally at $34.58 billion in September
Oct-17-2024

The commerce ministry in its latest data has showed that India's merchandise exports rose marginally by 0.5 per cent to $34.58 billion in September 2024 as against $34.41 billion a year ago. India's merchandise exports declined by 9.3 per cent year-on-year in August 2024. Imports increased by 1.6 per cent to $55.36 billion in September 2024 as compared to $54.49 billion in the year-ago period. The trade deficit, or the gap between imports and exports, was $20.78 billion during the month under review. 

According to the data, merchandise exports during April-September 2024 were $213.22 billion as compared to $211.08 billion during April-September 2023. Merchandise imports during April-September 2024 were $350.66 billion as compared to $330.32 billion during April-September 2023. Merchandise trade deficit during April-September 2024 was $137.44 billion as compared to $119.24 billion during April-September 2023.  

It further stated that non-petroleum and non-gems & jewellery exports in September 2024 were $27.03 billion compared to $24.76 billion in September 2023. Non-petroleum and non-gems & jewellery exports in April-September 2024 were $162.77 billion, compared to $153.71 billion in April-September 2023. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in September 2024 were $36.49 billion compared to $34.21 billion in September 2023. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-September 2024 were $222.72 billion, compared to $211.34 billion in April-September 2023.


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