SF Prep Notes

India's total exports for April–November 2024 estimated at USD 536.25 billion

India's total exports (merchandise and services) for April–November 2024 were estimated at USD 536.25 billion, up 7.61%, the Ministry of Commerce and Industry said on 16 December 2024.

Summary

India's total exports (merchandise and services combined) for April–November 2024 were estimated at USD 536.25 billion, a growth of 7.61% over USD 498.33 billion in April–November 2023, according to data released by the Ministry of Commerce and Industry on 16 December 2024. Cumulative merchandise exports for the period were USD 284.31 billion, up 2.17%. Cumulative non-petroleum exports of USD 239.70 billion surpassed the earlier April–November record of USD 233 billion set in 2022. In November 2024, electronic goods exports rose 54.72% to USD 3.47 billion and rice exports rose 95.18% to USD 1.14 billion over November 2023. Total exports for November 2024 were estimated at USD 67.79 billion, up 9.59%.

Key facts

Total exports, Apr–Nov 2024
USD 536.25 billion (+7.61%)
Merchandise exports, Apr–Nov 2024
USD 284.31 billion (+2.17%)
Non-petroleum exports, Apr–Nov 2024
USD 239.70 billion; above 2022 record of USD 233 billion
Electronic goods, Nov 2024
USD 3.47 billion (+54.72%)
Rice, Nov 2024
USD 1.14 billion (+95.18%)
Total exports, Nov 2024
USD 67.79 billion (+9.59%)

Practice MCQs 2 questions

Q1 Advanced

India's total exports (merchandise and services combined) for April–November 2024 were estimated at:

Show answer

Correct answer: C — USD 536.25 billion

PIB (Commerce & Industry): India's total exports during April–November 2024 are estimated at USD 536.25 billion, a growth of 7.61%. USD 284.31 billion is merchandise exports alone, USD 498.33 billion the April–November 2023 total, and USD 619.20 billion the total imports.

Q2 Advanced

Which merchandise export category grew by 54.72% in November 2024 compared with November 2023?

Show answer

Correct answer: A — Electronic goods

PIB (Commerce & Industry): electronic goods exports increased by 54.72% from USD 2.24 billion to USD 3.47 billion. Rice grew 95.18%, engineering goods 13.75% and marine products 17.82%.

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