Table 1: Trade during March 2023*
March 2023
(USD Billion)
March 2022
Merchandise
Exports
38.38
44.57
Imports
58.11
63.09
Services*
27.75
26.95
14.07
15.35
Overall Trade
(Merchandise +Services) *
66.14
71.52
72.18
78.44
Trade Balance
-6.04
-6.92
* Note: The latest data for services sector released by RBI is for February 2023. The data for March 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for FY 2021-22 (April-March) and April-December 2022 has been revised on pro-rata basis using quarterly balance of payments data.
Fig 1: Overall Trade during March 2023*
Table 2: Trade during FY 2022-23 (April-March)*
2022-23
2021-22
447.46
422.00
714.24
613.05
322.72
254.53
177.94
147.01
Overall Trade (Merchandise+
Services) *
770.18
676.53
892.18
760.06
-122.00
-83.53
Fig 2: Overall Trade during FY 2022-23 (April-March)*
Fig 3: Merchandise Trade during March 2023
Fig 4: Merchandise Trade during FY 2022-23 (April-March)
Table 3: Trade excluding Petroleum and Gems & Jewellery during March 2023
Non- petroleum exports
32.95
34.77
Non- petroleum imports
41.99
41.95
Non-petroleum & Non Gems & Jewellery exports
30.20
30.99
Non-petroleum & Non Gems & Jewellery imports
35.60
37.35
Note: Gems &Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Fig 5: Trade excluding Petroleum and Gems & Jewellery during March 2023
Table 4: Trade excluding Petroleum and Gems & Jewellery during FY 2022-23 (April-March)
352.94
354.53
504.66
451.24
314.98
315.43
433.65
370.79
Fig 6: Trade excluding Petroleum and Gems & Jewellery during FY 2022-23 (April-March)
SERVICES TRADE
Fig 7: Services Trade during March 2023*
Fig 8: Services Trade during FY 2022-23 (April-March)*