India’s overall exports (Merchandise and Services combined) in May 2023* is estimated to be USD 60.29 Billion, exhibiting a negative growth of (-) 5.99 per cent over May 2022. Overall imports in May 2023* is estimated to be USD 70.64 Billion, exhibiting a negative growth of (-) 7.45 per cent over May 2022. Merchandise exports for the period April-May 2023 were USD 69.72 Billion as against USD 78.70 Billion during April-May 2022.
Merchandise imports for the period April-May 2023 were USD 106.99 Billion as against USD 119.18 Billion during April-May 2022. The merchandise trade deficit for April-May 2023 was estimated at USD 37.26 Billion as against USD 40.48 Billion during April-May 2022. Non-petroleum and non-gems & jewellery exports in May 2023 were USD 26.22 Billion, compared to USD 27.30 Billion in May 2022. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in May 2023 were USD 35.88 Billion, compared to USD 35.29 Billion in May 2022. Non-petroleum and non-gems & jewellery exports during April-May 2023 was USD 52.04 Billion, as compared to USD 55.67 Billion in April-May 2022. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 67.36 Billion in April-May 2023 as compared to USD 71.29 Billion in April-May 2022. The estimated value of services export for May 2023* is USD 25.30 Billion, as compared to USD 25.13 Billion in May 2022. The estimated value of services import for May 2023* is USD 13.53 Billion as compared to USD 15.20 Billion in May 2022.
