Table 1: Trade during July 2023*
July 2023
(USD Billion)
July 2022
Merchandise
Exports
32.25
38.34
Imports
52.92
63.77
Services*
27.17
24.26
14.85
14.06
Overall Trade
(Merchandise +Services) *
59.43
62.59
67.77
77.83
Trade Balance
-8.35
-15.24
* Note: The latest data for services sector released by RBI is for June 2023. The data for July 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-July 2022 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during July 2023*
Table 2: Trade during April-July 2023*
April-July 2023
April-July 2022
136.22
159.32
213.20
247.31
107.93
100.35
59.21
59.09
Overall Trade (Merchandise+Services) *
244.15
259.67
272.41
306.39
-28.26
-46.72
Fig 2: Overall Trade during April-July 2023*
Fig 3: Merchandise Trade during July 2023
Fig 4: Merchandise Trade during April-July 2023
Table 3: Trade excluding Petroleum and Gems & Jewellery during July 2023
Non- petroleum exports
27.66
30.17
Non- petroleum imports
41.17
45.22
Non-petroleum & Non Gems & Jewellery exports
25.35
26.89
Non-petroleum & Non Gems & Jewellery imports
35.65
38.55
Note: Gems &Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during July 2023
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-July 2023
112.54
124.23
158.11
175.57
102.71
110.72
136.49
148.77
Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-July 2023
SERVICES TRADE
Fig 7: Services Trade during July 2023*
Fig 8: Services Trade during April-July 2023