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Monthly Data on India’s International Trade in Services for the Month of May 2023

The value of exports and imports of services during May 2023 is given in the following table.

International Trade in Services
(US$ Million)
Month Receipts (Exports) Payments (Imports)
January – 2023 27,999
(29.5)
14,827
(12.0)
February – 2023 27,395
(28.6)
14,974
(15.4)
March – 2023 30,439
(13.0)
16,958
(10.5)
April – 2023 25,842
(7.5)
13,626
(-3.1)
May – 2023 27,060
(7.7)
15,502
(2.0)
Notes: (i) Data for April-May are provisional while those for January-March are revised on pro-rata basis using balance of payments statistics of Q4:2022-23 released on June 27, 2023; and
(ii) Figures in brackets are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/526

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