India’s goods exports rise 1 pc in Dec to $38.45 bn, trade deficit at $19.8 bn

New Delhi, Jan 15 (UNI) Amid geo-political tensions and weak demand from major advanced economies, India’s merchandise or goods exports rose 1% year-on-year to US$ 38.45 billion in December 2023, official data showed on Monday.

The value of merchandise exports in December 2022 was US$ 38.08 billion.

As per the data released by Ministry of Commerce and Industry, India’s total merchandise imports in December 2023 were US$ 58.25 billion as against US$ 61.22 billion in December 2022.

Merchandise trade deficit in December 2023 stood at US$ 19.8 billion.

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