India’s merchandise exports in January 2024 stood at $36.92 billion, while imports were $54.41 billion, according to the latest official data released on Thursday. The country’s merchandise trade deficit during the month stood at $17.49 billion.

In December 2023, merchandise exports had stood at $38.45 billion, while imports stood at $58.25 billion.

In January 2024, services exports stood at $32.80 billion, while imports were $16.05 billion. In the previous month of December 2023, services exports had stood at $27.88 billion and imports were $13.25 billion.

India’s overall exports (merchandise and services combined) in January 2024 stood at $69.72 billion, exhibiting a positive growth of 9.28 per cent over January 2023. Overall imports in January 2024 is estimated to be $70.46 billion, exhibiting a positive growth of 4.15 per cent over January 2023.

During April-January 2023-24, India’s overall exports stood at $638.37 billion, exhibiting a negative growth of (-) 0.19 per cent over April-January 2022-23. Overall imports in April-January 2023-24 were at $708.79 billion, exhibiting a negative growth of (-) 5.69 per cent over April-January 2022-23.