India`s merchandise exports dip by 1% to $38.01 billion in December
The commerce ministry in its latest data has showed that India's merchandise exports dipped by about 1 per cent to $38.01 billion in December 2024 as against $38.39 billion a year ago. Imports increased by 4.8 per cent to $59.95 billion in December 2024 compared to $57.15 billion in the year-ago month. The trade deficit, or the gap between imports and exports, narrowed to $21.94 billion in December, down from a record $31.86 billion in November.
According to the data, merchandise exports during April-December 2024 were $321.71 billion as compared to $316.65 billion during April-December 2023. Merchandise imports during April-December 2024 were $532.48 billion as compared to $506.39 billion during April-December 2023. Merchandise trade deficit during April-December 2024 was $210.77 billion as compared to $189.74 billion during April-December 2023.
It further said non-petroleum and non-gems & jewellery exports in December 2024 were $30.96 billion compared to $28.60 billion in December 2023. Non-petroleum and non-gems & jewellery exports in April-December 2024 were $251.34 billion, compared to $230.43 billion in April-December 2023. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in December 2024 were $38.28 billion compared to $36.86 billion in December 2023. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-December 2024 were $336.09 billion, compared to $320.63 billion in April-December 2023.
