India’s total exports (Merchandise and Services combined) for December 2024* is estimated at USD 70.67 Billion, registering a positive growth of 0.92 percent vis-à-vis December 2023. Total imports (Merchandise and Services combined) for December 2024* is estimated at USD 77.44 Billion, registering a positive growth of 6.40 percent vis-à-vis December 2023.
Table 1: Trade during December 2024*
| December 2024
(USD Billion) |
December 2023
(USD Billion) |
||
| Merchandise | Exports | 38.01 | 38.39 |
| Imports | 59.95 | 57.15 | |
| Services* | Exports | 32.66 | 31.63 |
| Imports | 17.50 | 15.63 | |
| Total Trade
(Merchandise +Services) * |
Exports | 70.67 | 70.02 |
| Imports | 77.44 | 72.78 | |
| Trade Balance | -6.78 | -2.76 |
* Note: The latest data for services sector released by RBI is for November2024. The data for December 2024 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-December 2023 and April-September 2024 has been revised on pro-rata basis using quarterly balance of payments data.
The Complete Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2093104
