India`s merchandise exports dip by 4.85% in November
The commerce ministry in its latest data has showed that India's merchandise exports dipped by 4.85 per cent to $32.11 billion in November 2024 against $33.75 billion a year ago. India's merchandise exports had increased by 17.25 per cent to $39.2 billion in October this year. Imports increased by 27 per cent to $69.95 billion in November compared to $55.06 billion in the year-ago month. The trade deficit, or the gap between imports and exports, widened to $37.84 billion during the month under review.
According to the data, merchandise exports during April-November 2024 were $284.31 billion as compared to $278.26 billion during April-November 2023. Merchandise imports during April-November 2024 were $486.73 billion as compared to $449.24 billion during April-November 2023. Merchandise trade deficit during April-November 2024 was $202.42 billion as compared to $170.98 billion during April-November 2023.
It further said non-petroleum and non-gems & jewellery exports in November 2024 were $26.33 billion compared to $23.55 billion in November 2023. Non-petroleum and non-gems & jewellery exports in April-November 2024 were $220.47 billion, compared to $201.83 billion in April-November 2023. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in November 2024 were $37.36 billion compared to $35.20 billion in November 2023. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-November 2024 were $299.13 billion, compared to $283.77 billion in April-November 2023.
