Merchandise Trade

Shipments to US, China rose sharply in November

NITI Aayog's Trade Watch report cites strong growth in IT, consulting, and R&D services exports in the October-December 2024 quarter, helping offset the widening merchandise trade deficit

But the figure narrowed during April-Jan, blunting these apprehensions

During April-January, exports grew only 1.39 per cent, while imports saw a 7.4 per cent increase

Merchandise exports in January stood at $36.43 billion compared with $38.01 billion in December, while imports for the month were $59.42 billion. In December, imports were at $59.95 billion

Data showed merchandise exports contracted by 1 per cent year-on-year to $38.01 billion in December

Economists had expected the country's November trade deficit to be $23.9 billion

Trade deficit widens to $27 bn as imports hit a high

Growth led by digital penetration in India's Tier-II and Tier-III cities, according to Shiprocket

The first half of 2024 saw 2.3 per cent year-on-year increase. The rebound came against the backdrop of a slump in 2023 - of 1.1 per cent - driven by high inflation and rising interest rates

Stores, cafes and restaurants on cat-themed cartoon character merchandise planned later in the country

April trade data: India's exports rose to $34.99 billion, imports stood at $54.09 billion

According to commerce ministry data released on Monday, the imports during 2023-24 stood at 677.24 billion, down 5.41 per cent from $715.97 billion in the preceding year

The growth in the global merchandise trade is likely to decline by 1.2 per cent, in value terms, due to the ongoing geopolitical uncertainties, economic think tank Global Trade Research Initiative (GTRI) said on Thursday. The US dollar value of world merchandise trade fell 5 per cent in 2023 to USD 24.01 trillion, but this decline was mostly offset by a strong increase in commercial services trade, which rose 9 per cent to USD 7.54 trillion, it said. This allowed world goods and commercial services exports on a balance of payments basis to slip 2 per cent in 2023 to USD 30.8 trillion. "Despite the World Trade Organization (WTO) expecting a 2.6 per cent rise in trade volume for 2024, the value of world merchandise trade is still seen to decline by 1.2 per cent in 2024 from 2023, continuing the trend of trade values falling behind the trade volumes," the think tank said. The WTO has projected that the world merchandise trade volume will grow by 2.6 per cent in 2024 and 3.3 per cent i

India's merchandise trade deficit rose to an all-time high of $31.46 billion in October, widening sharply from the $19.37 billion print in prior month. Imports jumped from $65 billion from $53.8 bn

The services exports in October were valued at $28.70 billion as compared to $29.37 billion in September and imports were $14.32 billion against $14.91 billion in the previous month

The report said merchandise trade volume was down 0.5 per cent year-on-year (Y-o-Y) in the first half of 2023, but a modest pickup is expected in the second half of the year

It was at 20 per cent in 2022 compared to 5 per cent in 1992. They also account for a quarter of the world's economy

Merchandise exports in July stood at $32.25 billion, down from $32.87 billion in June and $38.34 billion in July 2022

The Export Import (Exim) Bank India on Monday said the country's merchandise exports are set to fall to USD 111.7 billion for the April-June period amid continuing global volatilities. The country had reported overall merchandise exports at USD 116.7 billion in the year-ago period, as per official data. India's exports could be shadowed by a continued slowdown in select major trade partners including advanced economies, global financial sector stress, high inflationary pressures leading to tighter global monetary and financial conditions, and continued uncertainty around the Russia-Ukraine conflict, the Exim Bank said. The bank said the non-oil exports are forecast to amount to USD 86.6 billion in the first quarter of the new fiscal year. It said exports have displayed resilience amidst a challenging global economic situation, plagued by supply chain disruptions and geo-political tensions, and have consistently remained above USD 100 billion for seven consecutive quarters since Q2