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India’s overall exports exhibits an increase of 9.43 percent

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India’s overall exports (Merchandise and Services combined) in October 2023* is estimated to be USD 62.26 Billion, exhibiting a positive growth of 9.43 per cent over October 2022. Overall imports in October 2023* is estimated to be USD 79.35 Billion, exhibiting a positive growth of 11.10 per cent over October 2022. 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.

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%).