India’s top exports: Engineering, electronics goods, Organic & Inorganic Chemicals | Economy News

By Cross Talk India Team On Nov 20, 2024

Economy News

India export data: The country recorded growth in key sectors like electronics, engineering goods, rice, RMG of all Textiles and Organic & Inorganic Chemicals.

Engineering Goods exports increased by 39.37% (Pic: Pixabay)

New Delhi: The Ministry of Commerce & Industry informed that India’s merchandise exports
in October 2024 increased by 17.25 per cent to USD 39.2 billion against USD 33.43 billion a year ago.

Items which recorded positive growth during October 2024 over the corresponding month of last year: Cereal Preparations & Miscellaneous Processed Items (13.35%), Man-Made Yarn/Fabs./Made-Ups Etc. (12.89%), Carpet (16.78%), Cashew (7.22%), Fruits & Vegetables (15.91%), Jute Mfg. Including Floor Covering (37%), Oil Seeds (2.65%), Rmg Of All Textiles (35.06%), Tobacco (34.3%), Handicrafts Excl. Hand Made Carpet (32.66%), Coffee (32.38%), Spices (30.91%), Organic & Inorganic Chemicals (27.35%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (25%), Exports of Rice (85.79%), Electronic Goods (45.69%), Plastic & Linoleum (23.3%), Engineering Goods (39.37%), Handloom Products Etc. (6.97%), Marine Products (3.88%) Leather & Leather Products (12.33%), Tea (9.3%), Gems & Jewellery (8.77%), Drugs & Pharmaceuticals (8.21%), Meat, and Dairy & Poultry Products (7.71%).

India’s top exports during April-October 2024

The government mentioned that India’s Merchandise exports in October 2024 was USD 39.20 billion, while it was USD 33.43 billion during October 2023. The merchandise exports during April-October 2024 was recorded at USD 252.28 billion, as against USD 244.51 billion during April-October 2023.
The country’s non-petroleum & non-gems and Jewellery exports recorded a surge of 27.68 per cent from USD 24.56 billion in October 2023 to USD 31.36 billion in October 2024.
Organic & Inorganic Chemicals, RMG of all Textiles, Electronic Goods, Engineering Goods, and Rice were the major drivers that led to the growth of merchandise exports in October 2024
Organic & Inorganic Chemicals exports recorded a 27.35 per cent increase, i.e., it rose from USD 2.14 billion in October 2023 to USD 2.72 billion in October 2024.
RMG of all Textiles exports rose by 35.06 per cent from USD 0.91 billion in October 2023 to USD 1.23 billion in October 2024.
Engineering Goods exports: The category posted a surge of 39.37 per cent from USD 8.08 billion in October 2023 to USD 11.26 billion in October 2024.
Electronic Goods exports rose by 45.69 per cent from USD 2.36 billion in October 2023 to USD 3.43 billion in October last year.
Rice exports increased by 85.79 per cent from USD 0.57 billion in October 2023 to USD 1.05 billion in October 2024.

Biplob Ghosal

Biplob Ghosal is Online News Editor (Business) at TV9’s digital arm – News9live.com. Leading the english business editorial team, he writes on various issues related to stock markets, economy and companies. Having over a decade of experience in financial and political journalism, Biplob has been previously associated with Timesnownews.com, Zeenews. He is an alumnus of Makhanlal Chaturvedi Rashtriya Patrakarita Vishwavidyalaya. Follow him at @Biplob_ghosal.