As per reports, the auto component exports in 2023-24 were to the tune of USD 21 billion
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While the Merchandise trade deficit in July stands at USD 23.5 billion, the overall trade deficit for the month stands at USD 9.61 billion
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The report states that the deceleration in the growth momentum of exports in June compared to May was largely due to an 18.2 per cent contraction in oil exports
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In terms of major items of export, Frozen shrimp lead in quantity and value, while the USA and China became the major importers of India's seafood.
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The recently released export data revealed that sectors such as electronic goods, drugs and pharmaceuticals, organic and inorganic chemicals, engineering goods, petroleum products, plastics & linoleum, cotton yarn/fabs made-ups ( textiles manufactured), handloom products
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Despite the overall downturn, specific segments such as Gold and Silver segments displayed growth
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India’s total exports during April to May 2024 is estimated at USD 133.61 billion
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Key Apple suppliers, particularly Foxconn, have bolstered their supply chains, contributing to this export success
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In volume terms, coffee shipments surged by 13.35 per cent to 125,631 tonnes during the January-March period of 2023-24, compared to 110,830 tonnes in the same period the previous year
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The Agricultural & Processed Food Products Export Development Authority (APEDA) is collaborating with various institutes to develop sea protocols for ginger, pineapple, mangoes, and oranges to facilitate shipments via sea routes, reducing logistics costs and enabling increased exports, particularly of items like bananas, mangoes, and pomegranates
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