The value of exports and imports of services during February 2023 is given in the following table. | International Trade in Services | | (US$ Million) | | Month | Receipts (Exports) | Payments (Imports) | | October – 2022 | 25,346 (24.4) | 13,516 (16.1) | | November – 2022 | 26,986 (30.6) | 15,392 (21.9) | | December – 2022 | 31,090 (19.7) | 15,794 (5.7) | | January – 2023 | 28,036 (29.6) | 14,226 (7.5) | | February – 2023 | 27,431 (28.8) | 14,368 (10.8) | Notes: (i) Data for January-February are provisional, while those for October-December are revised on pro-rata basis using balance of payments data of Q3:2022-23 released on March 31, 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: 2023-2024/7 | |