Merchandise exports rise 17.23% to $39.20 billion in October 2024
On 14 November 2024 in New Delhi, the Commerce Ministry said merchandise exports in October 2024 were USD 39.20 billion, up 17.23% from October 2023.
Summary
On 14 November 2024 in New Delhi, the Commerce Ministry said merchandise exports in October 2024 were USD 39.20 billion, 17.23% more than USD 33.43 billion in October 2023. Overall exports (merchandise and services) for April-October 2024 are estimated at USD 468.27 billion, 7.28% more than USD 436.48 billion a year earlier; merchandise exports for April-October were USD 252.28 billion (up 3.18%). Non-petroleum exports in October rose 25.63% to USD 34.61 billion. Growth was led by engineering goods (up 39.37% to USD 11.26 billion), electronic goods (up 45.69%), chemicals, rice (up 85.79%) and readymade garments.
Key facts
- Date/place
- 14 Nov 2024, New Delhi
- Oct 2024 merchandise exports
- USD 39.20 bn, +17.23%
- Apr-Oct overall exports
- USD 468.27 bn, +7.28%
- Apr-Oct merchandise
- USD 252.28 bn, +3.18%
- Non-petroleum (Oct)
- USD 34.61 bn, +25.63%
- Drivers
- Engineering +39.37%; electronics +45.69%; rice +85.79%
Practice MCQs 2 questions
By what percentage did India's merchandise exports grow in October 2024 over October 2023?
Show answer
Correct answer: D — 17.23%
PIB (Commerce): merchandise exports were USD 39.20 billion in October 2024 against USD 33.43 billion in October 2023, growth of 17.23%.
India's overall exports (merchandise and services) for April-October 2024 were estimated at:
Show answer
Correct answer: A — USD 468.27 billion
PIB (Commerce): overall exports for April-October 2024 were estimated at USD 468.27 billion, against USD 436.48 billion a year earlier.