Wednesday, Jun 12 2024 | Time 23:18 Hrs(IST)
image
Business Economy


India’s merchandise exports marginally up in April at $34.99 bln

New Delhi, May 15 (UNI) On the back of higher shipments of items such as electronic goods, chemicals and petroleum products, India's merchandise exports rose 1.06% year-on-year to US$34.99 billion in April 2024.
As per trade data released by Ministry of Commerce and Industry, India's merchandise imports stood at US$54.09 billion in April 2024 as compared to US$49.06 billion in the same month last year.
Merchandise trade deficit in April this year was US$19.1 billion.
As per the official data, services exports in April 2024 stood at US$ 29.57 billion as against US$25.78 billion in April 2023. The estimated value of services import for April 2024 is US$ 16.97 billion as compared to US$ 13.96 billion in April 2023.
India's overall exports (merchandise and services) in April 2024 was US$64.56 billion, a growth of 6.88% as against US$60.40 billion in April 2023.
Non-petroleum & non-gems & jewellery exports recorded an increase of 1.32% from US$ 25.77 billion in April 2023 to US$ 26.11 billion in April 2024.
The official data showed electronic goods exports increased by 25.8% from US$ 2.11 billion in April 2023 to US$ 2.65 billion in April 2024. Exports of organic and inorganic chemicals increased by 16.75% from US$ 2.14 billion in April 2023 to US$ 2.50 Billion in April 2024.
Drugs and pharmaceuticals exports increase 7.36% on-year to US$ 2.43 billion in April 2024. Petroleum products exports rose 3.10% from US$ 6.42 billion in April 2023 to US$ 6.62 billion in April 2024.
"In merchandise exports, 13 of the 30 key sectors exhibited positive growth in April 2024 as compared to the same period last year (April 2023). These include electronic goods (25.8%), tea (25.74%), organic & inorganic chemicals (16.75%), coffee (15.87%), tobacco (13.22%), spices (12.27%), drugs & pharmaceuticals (7.36%), cotton yarn/fabs./made-ups, handloom products etc. (6.65%), carpet (5.64%), cereal preparations & miscellaneous processed items (5.33%), petroleum products (3.1%), plastic & linoleum (2.99%) and handicrafts excl. hand made carpet (2.36%)," Commerce Ministry said in a press release.
UNI NK GNK
More News
CPI based retail inflation eases marginally to 4 75% in May

CPI based retail inflation eases marginally to 4 75% in May

12 Jun 2024 | 7:38 PM

New Delhi, June 12 (UNI) Retail inflation based on Consumer Price Index (CPI) eased marginally lower 4.75 percent over 4.83 percent in the previous months, according to government data released on Wednesday.

see more..
Factory output in terms of IIP grows at 5pc in April

Factory output in terms of IIP grows at 5pc in April

12 Jun 2024 | 7:20 PM

New Delhi, June 12 (UNI) India’s factory output grew 5 per cent in the month of April, first month of FY 25, compared to 4.6 per cent growth in the same month last year, according to data released by the government on Wednesday.

see more..

HCLTech, Olympus expands strategic partnership

12 Jun 2024 | 7:01 PM

Hyderabad, June 12 (UNI) HCLTech, a leading global technology company, and Olympus Corporation (Olympus), a global MedTech company, on Wednesday announced that they have expanded their strategic partnership to enable advanced and affordable healthcare for patients through cutting-edge engineering technologies.

see more..

12 Jun 2024 | 6:22 PM

UNI SKB ARN.

see more..
image