India’s October Merchandise Trade Deficit Widens to One-Year High of $39.88 Billion as Imports Surge

India Exports Rise 29.9% to $90B as Imports Hit Record

India’s total merchandise and services exports rose 29.9% year over year to nearly $90 billion in October, while the trade deficit narrowed to $20.09 billion. Gem and jewelry exports climbed 34% to $2.92 billion, led by gold, silver and lab-grown diamonds, with growth also aided by a longer production window than a year earlier.

India's exports up 29.9% in October; trade deficit narrows to $20.09 billion

The country's exports — including merchandise and services — stood at $69.27 billion in the same month last year

India’s Trade Deficit Hits $39.88 Billion as Imports Surge to Record Levels

India's merchandise trade deficit climbed to a one-year high of $39.88 billion in October as imports grew significantly faster than exports. Despite achieving record monthly merchandise exports, rising energy costs and heavy reliance on imported oil continued to weigh on the country's trade balance.

India's Trade Deficit Widens as Festive Demand Boosts Imports

India's October merchandise trade deficit rose to one-year high of $39.88 billion

India's exports jump 29.9% to $89.99 billion in October, trade deficit narrows

The country's exports stood at USD 69.27 billion in the same month last year.