Lok Sabha Question No. 1234 (UNSTARRED), answered on 2025-02-11
Subject: Shipment Values
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri  Selvaganapathi T.M.

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 1234 ANSWERED ON 11/02/2025

## SHIPMENT VALUES

## 1234. SHRI SELVAGANAPATHI T. M.:

Will the Minister of COMMERCE AND INDUSTRY ( वाणिज्य एवं उद्योग मंत्री ) be pleased to state:

- a) whether it is a fact that India's goods exports contracted one percent year on year in December 2024 to a fraction over US$ 38 billion;
- b) whether it is also true that the imports grew 4.9 percent to almost US$ 60 billion in December 2024;
- c) whether  it  is  also  a  fact  that  the  December's  trade  deficit  was  Seventeen  percent higher, while the total deficit through the year is up 11.1 percent at US $ 210.8 billion;
- d) whether it is also a fact that the shipment values have grown in every quarter through the first nine months of this financial year; and
- e) if so, the details thereof ?

## ANSWER

वाणिज्य और उद्योग मंत्रालय में राज्य मंत्री (श्री णिणिन प्रसाद )

THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JITIN PRASADA)

- (a) to (c) The  details  of  India's  Merchandise  export,  import  and  trade  balance  in  this regard are attached at Annexure-I (Table 1). This information is also available at https://pib.gov.in/PressReleasePage.aspx?PRID=2093104
- (d) & (e) The details of shipment value would cover India's Overall Merchandise Trade (Export and Import) and information in this regard is attached at Annexure-I (Table 2).

Statement referred to in reply of part (a) to (e) of Lok Sabha Unstarred question no. 1234 for answer on 11 th February 2025.

The India's Merchandise Export-Import and Trade Balance are as under: Table 1

| Value in USD Billion   | Value in USD Billion   | Value in USD Billion   | Value in USD Billion   | Value in USD Billion   | Value in USD Billion   | Value in USD Billion   |
|------------------------|------------------------|------------------------|------------------------|------------------------|------------------------|------------------------|
|                        | Dec 2023- 2024         | Dec 2024- 2025         | % Change               | Apr - Dec 2023-24      | Apr-Dec 2024-2025      | % Change               |
| Export                 | 38.4                   | 38.0                   | -1.0                   | 316.6                  | 321.7                  | 1.6                    |
| Import                 | 57.2                   | 59.9                   | 4.9                    | 506.4                  | 532.5                  | 5.2                    |
| Trade Balance          | -18.8                  | -21.9                  | 16.9                   | -189.7                 | -210.8                 | 11.1                   |

Source: DGCI&S; Figures for 2024-25 are provisional

The quarterly India's Overall Trade (Export + Import) are as under:

Table 2

| Value in USD Billion   | Value in USD Billion                        |
|------------------------|---------------------------------------------|
| Quarter                | Overall Merchandise Trade (Export + Import) |
| Qtr 1 (2024-25)        | 282.2                                       |
| Qtr 2 (2024-25)        | 276.0                                       |
| Qtr 3 (2024-25)        | 296.0                                       |

Source: DGCI&S; Figures for 2024-25 are provisional

*****