ENA Sectors 2023-11-15 17:14:01 <p><span style="font-size:14px"><strong>New Delhi, Nov 15 (KNN)</strong> India's merchandise trade deficit in October stood at record USD 31.46 billion from USD 26.3 billion on-year, Commerce Secretary Sunil Barthwal said on Wednesday.</span></p> <p><span style="font-size:14px">In view of imports, China continues to be India's top source of imports, with Russia, UAE, US, and Saudi Arabia making the rest of the top 5.</span></p> <p><span style="font-size:14px">The October merchandise exports came at at USD 33.57 billion, up from USD 31.60 billion in October 2022.</span></p> <p><span style="font-size:14px">While the merchandise imports stood at USD 65.03 billion, up from USD 57.91 billion year-on-year.</span></p> <p><span style="font-size:14px">Further, April-October merchandise exports fell 7 per cent year-on-year to USD 244.89 billion, the minister added.</span></p> <p><span style="font-size:14px">The April-October merchandise imports came at USD 391.96 billion, down 8.95 per cent YoY.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 35533 https://knnindia.co.in/news/newsdetails/sectors/indias-trade-deficit-balloons-to-3146-bn-china-remains-top-import-source 2023-11-15 17:14:01 knnindia.co.in