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India’s imports estimated to decline by 7.92% in April 2023

India’s overall exports (Merchandise and Services combined) in April 2023 is estimated to be USD 65.02 Billion, exhibiting a positive growth of 2.00% over April 2022. Overall imports in April 2023 is estimated to be USD 66.40 Billion, exhibiting a negative growth of (-) 7.92% over April 2022.

MERCHANDISE TRADE

– Merchandise exports in April 2023 were USD 34.66 Billion, as compared to USD 39.70 Billion in April 2022.

– Merchandise imports in April 2023 were USD 49.90 Billion, as compared to USD 58.06 Billion in April 2022.

– Non-petroleum and non-gems & jewellery exports in April 2023 were USD 25.76 Billion, compared to USD 28.37 Billion in April 2022.

– Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April 2023 were USD 31.49 Billion, compared to USD 36.00 Billion in April 2022.

SERVICES TRADE

– The estimated value of services export for April 2023 is USD 30.36 Billion, as compared to USD 24.05 Billion in April 2022.

– The estimated value of services import for April 2023 is USD 16.50 Billion as compared to USD 14.06 Billion in April 2022

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