Imports increased to $65.03 billion in the month under consideration, as against $57.91 billion recorded in October 2022.
The country’s trade deficit in October stood at $31.46 billion.
During the April-October period of this fiscal year, exports contracted by 7 per cent to $244.89 billion. Imports during the seven-month period fell by 8.95 per cent to $391.96 billion.
Commerce Secretary Sunil Barthwal said the trade numbers in October reflect ‘green shoots’ of recovery in outbound shipments.