Export Trends
India’s total exports (Merchandise and Services combined) for October 2024 are estimated at USD 73.21 billion, reflecting a 19.08 percent growth compared to October 2023. During April-October 2024, total exports are estimated at USD 468.27 billion, marking a 7.28 percent increase over the same period in 2023.
Merchandise exports during October 2024 amounted to USD 39.20 billion, compared to USD 33.43 billion in October 2023. For the April-October 2024 period, merchandise exports were USD 252.28 billion, slightly higher than USD 244.51 billion during April-October 2023.
Non-petroleum and non-gems & jewellery exports during October 2024 were USD 31.36 billion, significantly up from USD 24.56 billion in October 2023. Over the April-October 2024 period, these exports stood at USD 194.17 billion, a notable growth from USD 178.28 billion in April-October 2023.
ervice exports in October 2024 were estimated at USD 34.02 billion, increasing from USD 28.05 billion in October 2023. During April-October 2024, service exports amounted to USD 215.98 billion, compared to USD 191.97 billion during the same period in 2023.
Import Trends
India’s total imports (Merchandise and Services combined) for October 2024 are estimated at USD 83.33 billion, showing a 7.77 percent growth compared to October 2023. For April-October 2024, total imports stood at USD 531.51 billion, recording a 7.05 percent growth over the same period in 2023.
Merchandise imports during October 2024 were USD 66.34 billion, marginally higher than USD 63.86 billion in October 2023. During April-October 2024, merchandise imports totalled USD 416.93 billion, up from USD 394.18 billion in April-October 2023.
Non-petroleum, non-gems & jewellery imports in October 2024 stood at USD 39.21 billion, compared to USD 37.23 billion in October 2023. For the April-October 2024 period, these imports amounted to USD 261.92 billion, increasing from USD 248.57 billion during April-October 2023.
Service imports in October 2024 were estimated at USD 17 billion, compared to USD 13.46 billion in October 2023. During April-October 2024, service imports amounted to USD 114.57 billion, rising from USD 102.32 billion during April-October 2023.
Trade Deficit
The overall Trade Deficit of India during April-October 2024 stood at USD 63.24 billion.
The merchandise trade deficit for October 2024 was USD 27.14 billion, compared to USD 30.43 billion in October 2023. Over April-October 2024, the merchandise trade deficit widened to USD 164.65 billion, from USD 149.67 billion during April-October 2023.
The services trade surplus for October 2024 stood at USD 17.02 billion, compared to USD 14.59 billion in October 2023. During April-October 2024, the surplus reached USD 101.41 billion, up from USD 89.64 billion during the same period in 2023.


