Non-petroleum exports play a pivotal role, reaching USD 211.3 billion between April and October 2024
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The overall imports, both merchandise and services combined, increase from USD 77.33 billion to USD 83.33 billion
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The report highlights key developments in South Korea’s economic landscape and growing trade ties with India
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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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