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India's trade deficit narrowed to a five-month low of $20.8 billion in September from $29.7 billion a month back, according to data released on October 16, as merchandise export growth turned positive for the first time in three months. Exports were down 0.5 percent as against a 9.4 percent decline in the previous month. Imports, on the other hand, were up 1.6 percent, compared with 2.8 percent growth seen in August. The trade data diverges from the trends in manufacturing PMI, which had indicated a weakening of external conditions leading to a decline in manufacturing activity to its lowest level in eight months. For the first six months of the fiscal year 2024-25, exports were 1 percent higher, while imports were up 6.1 percent.

India’s goods trade deficit in Sept at $20.8bn was 30% lower than Aug deficit of $29bn. That’s because Sept goods imports at $55.3bn was$9bn lower than Aug imports. Of this, $5.7bn was due to fall in gold imports. Balance $3.3bn is due to lower imports of machinery, chemicals, metals, transport equipment. The fall in Sept industrial imports could be another sign of economic slowdown in q2. Already Aug IIP(-0.1%) and core sector (-1.8%) as well as lower PMI and GST collections in September have been pointing to the economy slowing in Q2. - CNBC.

India's trade dynamics during April-September 2024 have shown resilience and growth in both merchandise and services exports. This period highlights the country’s trade performance amidst global challenges, driven by the remarkable growth in engineering goods, chemicals, and textile sectors, while imports also saw an uptick across various sectors. https://lnkd.in/gDt6RHJa Narendra Modi

Top imports and exports of India Stock Market Analysis and Research website in India - Trade Brains simplifies sttock market investing by providing all essential tools & knowledge!! #import #export #india #investments

India records highest trade deficit with China. India's Trade deficit, the negative difference between the monetary value of a country's imports and exports, now has rose to $85 billion with $118.4 billion of total trade between two countries, which makes China as the India's largest trading partner of two-way commerce in 2023-24. India's trade deficit with China which is the biggest single trade deficit we are running with any country has two pronged concerns. One, the actual size of the deficit and two, the fact that the imbalance has continuously been widening year after year. The good part of this discussion is the trade deficit with China we have is highest in merchandise trade deficit and most of those imports we use for making final goods with the aim of exports. A few recent example is the decrease in imports of mobile phones, chemicals and fertilizers. However this rising trade deficit, even from importing raw materials and intermediates, will hit hard on Indian currency. You can find below the trade trend from 2015 to 2022.

Worlds Biggest #Importers Since 1995, the value of global #trade has increased nearly fivefold, falling just short of the peak seen in 2022. Today, 10 countries account for imports worth $12.4 trillion, representing more than half of the global total. From the U.S. to India, the world’s leading importers are characterized by robust economies and sizable consumer #markets. Factors such as business #investment, disposable #income, and exchange #rates also play a significant role in shaping import dynamics. In 2023, the U.S. imported $3.2 trillion in goods, making it the biggest importer globally. Source: Visual Capitalist

*India has a trade SURPLUS with the US and the UK - and a trade DEFICIT with Russia, UAE, Saudi Arabia and China..* India’s trade dynamics reflect a varied landscape of economic relationships with different countries.  Trade Surplus with the US and the UK United States: India enjoys a significant trade surplus with the United States. Major exports to the US include pharmaceuticals, textiles, gems and jewelry, information technology services, and machinery. United Kingdom: Similarly, India has a trade surplus with the United Kingdom. The UK imports a ready-made garments, machinery, electronics, and pharmaceuticals. Trade Deficit with Russia, UAE, Saudi Arabia, and China Russia: India has a trade deficit with Russia, primarily due to substantial imports of oil, natural gas, and defense equipment. United Arab Emirates (UAE): The UAE is a major supplier of crude oil to India. Additionally, India imports gold and precious stones, which are essential for its jewelry industry. Saudi Arabia: India’s trade deficit with Saudi Arabia is primarily driven by the import of crude oil, which is crucial for India's energy needs. China: The trade deficit with China is one of the largest for India. India imports a vast range of goods from China, including electronic components, machinery, chemicals, and textiles. Although India exports raw materials, pharmaceuticals, and agricultural products to China, the volume and value of imports far outweigh exports, resulting in a substantial deficit. India’s trade relationships with different countries reflect a complex interplay of economic needs and strengths. While the trade surplus with countries like the US and the UK highlights strong export capabilities, the trade deficits with nations like Russia, the UAE, Saudi Arabia, and China underscore India's reliance on imports for energy, raw materials, and manufactured goods.

🚨 India’s August 2024 Import Data: What Every Trade Professional Should Know! 🚨 In the fast-evolving world of global trade, staying informed on key market trends is crucial. Our latest analysis of India’s August 2024 import data uncovers essential insights for businesses, especially in sectors like energy, communication equipment, and electronics. 📊 Key Highlights: China remains India’s largest trade partner, but the U.S., Russia, and the UAE are gaining ground. India's growing reliance on imported goods like crude oil, diamonds, and semiconductors. How the Indian Rupee’s depreciation against the USD could impact import costs in the months ahead. 🌍 Whether you're a trade professional, logistics expert, or supply chain strategist, understanding these trends is vital for optimizing your operations and capturing new opportunities. Read the full analysis to stay ahead of the curve: https://lnkd.in/ghjKN7rB

 India’s Merchandise Trade Snapshot: Challenges, Wins, and Opportunities India’s goods trade deficit widened to $27.1 billion in October from $20.7 billion in September however lower than $30.4 billion in October 2023.   The Good News: India’s merchandise exports hit $39.2 billion in October, growing 17.2% YoY—the fastest in 28 months! Top Export Growth Sectors on y-y basis: Electronic Goods: +46% Engineering Goods: +39% Ready-made garments: 35% The Challenge: India's goods trade deficit with China widened to $57.8 billion during April-October from $51.1 billion a year ago. Dependence on Chinese imports for electronics, solar, EVs material remains a pressing concern.   Potential Opportunity? : The reintroduction of Trump-era tariffs could shift global supply chains, Is India poised to capitalize on China-plus-one strategies, attract FDI, and accelerate self-reliance?

Indian trade deficit narrows to $27.14 billion in Oct; Commerce Secy calls WTO projections pessimistic 1) India's merchandise trade deficit or the gap between import and exports narrowed to $27.14 billion in October, revealed the data released by the Ministry of Commerce and Industry on Thursday. 2) The trade deficit fell by more than 18% on a yearly basis from $33.43 billion in the year-ago period. However, there has been a slight rise from the previous month, when it touched a five-month low in September.