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 | |