NEW DELHI, JAN 15  :   Amid geo-political tensions and weak demand from major advanced economies, India’s merchandise or goods exports rose 1% year-on-year to US$ 38.45 billion in December 2023, official data showed on Monday.

The value of merchandise exports in December 2022 was US$ 38.08 billion.

As per the data released by Ministry of Commerce and Industry, India’s total merchandise imports in December 2023 were US$ 58.25 billion as against US$ 61.22 billion in December 2022.

Merchandise trade deficit in December 2023 stood at US$ 19.8 billion.(UNI)