India’s overall exports (Merchandise and Services combined) in June 2023* is estimated to be USD 60.09 Billion, exhibiting a negative growth of (-) 13.16 per cent over June 2022. Overall imports in June 2023* is estimated to be USD 68.98 Billion, exhibiting a negative growth of (-) 13.91 per cent over June 2022.
Table 1: Trade during June 2023*
June 2023
(USD Billion)
June 2022
Merchandise
Exports
32.97
42.28
Imports
53.10
64.35
Services*
27.12
26.92
15.88
15.77
Overall Trade
(Merchandise +Services) *
60.09
69.20
68.98
80.12
Trade Balance
-8.89
-10.92
* Note: The latest data for services sector released by RBI is for May 2023. The data for June 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-June 2022 has been revised on pro-rata basis using quarterly balance of payments data.
Table 2: Trade during April-June 2023*
April-June 2023
April-June 2022
102.68
120.98
160.28
183.54
80.03
76.09
45.01
45.02
Overall Trade (Merchandise+Services) *
182.70
197.08
205.29
228.56
-22.59
-31.49
Table 3: Trade excluding Petroleum and Gems & Jewellery during June 2023
Non- petroleum exports
27.41
31.69
Non- petroleum imports
40.56
45.42
Non-petroleum & Non Gems & Jewellery exports
25.13
28.15
Non-petroleum & Non Gems & Jewellery imports
33.28
38.93
Note: Gems &Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones
Table 4: Trade excluding Petroleum and Gems & Jewellery during April-June 2023
84.71
94.05
116.94
130.35
77.18
83.82
100.84
110.22
SERVICES TRADE