India's exports contract 2.38% to $36.43 billion in January; imports rise 10.28% to $59.42 billion

Representative image for exports.

Credit: iStock Photo

New Delhi: India's merchandise exports dipped by 2.38 per cent to $36.43 billion in January against $37.32 billion a year ago, according to government data released on Monday.

Imports increased by 10.28 per cent to $59.42 billion last month compared to $53.88 billion in January 2024.

The trade deficit, or the gap between imports and exports, stood at $22.99 billion during the month under review.

During April-January period this fiscal, exports increased by 1.39 per cent to $358.91 billion and imports by 7.43 per cent to $601.9 billion.