India Trade December 2023

India: Merchandise exports increase in December

Merchandise exports jumped 11.5% year-on-year in December (November: -2.7% year-on-year). December’s figure marked the strongest print since June 2022. Meanwhile, merchandise imports were broadly stable (November: -6.4% yoy).

As a result, the merchandise trade balance improved from the previous month, recording a USD 19.8 billion deficit in December (November 2023: USD 20.6 billion deficit; December 2022: USD 23.8 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 248.4 billion deficit in December, compared to the USD 252.4 billion deficit in November.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest