India’s overall exports in October 2023 estimated at USD 62.26 Billion; an increase of 9.43 percent over USD 56.90 Billion in October 2022.

• Merchandise Exports in October 2023 registered 6.21 percent growth at USD 33.57 over USD 31.60 Billion in October 2022.
• The estimated services export for April-October 2023 is USD 192.65 Billion as compared to USD 181.37 Billion in April-October 2022, projecting to grow by 6.22 percent.
• Overall Trade Deficit during April-October reduces by 35.86 percent from USD 89.86 Billion in 2022 to USD 57.64 Billion in 2023; Merchandise Trade deficit also improves from USD 167.14 Billion in April-October 2022 to USD 147.07 in April-October 2023.
• Non-petroleum and non-Gems & Jewellery exports register an increase by 11.74 percent from USD 21.99 Billion in October 2022 to USD 24.57 Billion in October 2023.
• Major contributors to export growth in October 2023 include Drugs & Pharmaceuticals, Engineering Goods, Electronic Goods, Cotton Yarn/Fabs./made-ups, Handloom Products etc., Iron Ore, Ceramic products & glassware and Meat, dairy & poultry products.
• Drugs and pharma exports grew by 29.31 percent in October 2023 at USD 2.42 Billion from USD 1.87 Billion in October 2022
• Engineering Goods exports record a growth of 7.2 percent from USD 7.55 Billion in October 2022 to USD 8.09 Billion in October 2023.
• Electronic Goods exports register a growth of 28.23 percent at USD 2.38 Billion during October 2023 as compared to USD 1.85 Billion in October 2022.
• Agricultural exports continue to grow in October 2023: Cereal preparations & miscellaneous processed items (40.95%), Oil seeds (29.7%), Fruits & Vegetables (24.48%), Oil Meals (17.32%), Spices (10.78%), Coffee (8.45%), Tea (4.12%), Cashew (3.29%).