India`s merchandise export increases by 2.56% to $35.20 billion in June 2024
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The commerce ministry in its latest data has showed that India's merchandise export increased by 2.56 per cent to $35.20 billion in June 2024 as compared to $34.32 billion in June last year. Along with the exports, the country's imports have soared by 5 per cent to reach $56.18 billion in June 2024 as compared to $53.51 billion in June 2023. The trade deficit, or the gap between imports and exports, during the month under review stood at $20.98 billion.
According to the data, merchandise exports during April-June 2024 were $109.96 billion as compared to $103.89 billion during April-June 2023. Merchandise imports during April-June 2024 were $172.23 billion compared to $160.05 billion during April-June 2023. Merchandise trade deficit during April-June 2024 was $62.26 billion compared to $56.16 billion during April-June 2023.
It further stated that non-petroleum and non-gems & jewellery exports in June 2024 were $27.43 billion compared to $25.29 billion in June 2023. Non-petroleum and non-gems & jewellery exports in April-June 2024 were $81.90 billion, compared to $77.33 billion in April-June 2023. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in June 2024 were $36.04 billion compared to $33.66 billion in June 2023. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-June 2024 were $105.35 billion, compared to $102.10 billion in April-June 2023.
