India ahead of rest of Asia: India’s merchandise exports up 6.2% YoY in Oct 2023, likely to enable narrower CAD in FY24

India’s merchandise exports were up 6.2 per cent YoY in October 2023 and 2.4 per cent on YoY basis in Aug-Oct’23 period, recovering slightly ahead of the rest of Asia’s exports, said a report by ICICI Securities. South Korea’s exports grew by 5.1 per cent on-year in October 2023 after 13 consecutive months of contraction, while Taiwan’s exports declined only 2.8 per cent YoY in Aug-Oct’23, although they were down 12.8 per cent YoY in Jan-Oct’23. China, however, was a slight exception with its goods exports declining 8.2 per cent YoY in Aug-Oct’23, worse than its Jan-Oct’23 contraction of 5.2 per cent YoY, similar to India’s 4.9 per cent YoY decline for Jan-Oct’23. 

https://www.financialexpress.com/policy/economy-india-ahead-of-rest-of-asia-indias-merchandise-exports-up-6-2-yoy-in-oct-2023-likely-to-enable-narrower-cad-in-fy24-3320689/