Page 19 - Policy Economic Report_Jan 25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

? India’s total exports during April- December 2024 is estimated at USD 602.64 Billion registering a
growth of 6.03 percent.

? Total imports during April- December 2024 is estimated at USD 682.15 Billion registering a growth
of 6.91 percent.

? Exports of Other Cereals (67.89%), Rice (64.03%), Jute Mfg. Including Floor Covering (51.63%),
Cashew (45.7%), Coffee (36.88%), Electronic Goods (35.11%), Tobacco (23.96%), Mica, Coal &
Other Ores, Minerals Including Processed Minerals (23.4%), Meat, Dairy & Poultry Products
(17.87%), Marine Products (15.83%), Handicrafts Excl. Hand Made Carpet (14.9%), Rmg Of All
Textiles (12.89%), Man-Made Yarn/Fabs./Made-Ups Etc. (12.53%), Cotton Yarn/Fabs./Made-Ups,
Handloom Products Etc. (11.98%), Tea (11.26%), Cereal Preparations & Miscellaneous Processed
Items (9.57%), Carpet (9.15%), Engineering Goods (8.35%), Ceramic Products & Glassware
(8.02%), Plastic & Linoleum (6.02%), Leather & Leather Products (4.28%), Fruits & Vegetables
(3.77%), Spices (1.73%) and Drugs & Pharmaceuticals (0.63%) record positive growth during
December 2024 over the corresponding month of last year.

? Imports of Coal, Coke & Briquettes, Etc. (-43.42%), Pearls, Precious & Semi-Precious Stones (-
42.02%), Iron & Steel (-18.58%), Project Goods (-12.4%), Leather & Leather Products (-12.33%),
Newsprint (-9.52%), Artificial Resins, Plastic Materials, Etc. (-3.8%), Transport Equipment (-0.96%),
Fertilizers, Crude & Manufactured (-0.89%) and Non-Ferrous Metals (-0.47%) record negative
growth during December 2024 over the corresponding month of last year.

? Services exports is estimated to grow by 11.61 percent during April-December 2024 over April-
December 2023.

? Top 5 export destinations, in terms of change in value, exhibiting growth in December 2024 vis a
vis December 2023 are U S A (8.49%), Saudi Arab (50.46%), France (67.37%), Bangladesh Pr
(33.58%) and Sri Lanka (83.68%).

? Top 5 export destinations, in terms of change in value, exhibiting growth in April-December 2024
vis a vis April-December 2023 are USA (5.57%), Netherland (14.71%), U Arab Emts (8.87%),
Singapore (16.45%) and U K (14.08%).

? Top 5 import sources, in terms of change in value, exhibiting growth in December 2024 vis a vis
December 2023 are China P Rp (9.14%), Switzerland (85.65%), Thailand (71.7%), Germany
(28.63%) and U S A (9.88%).

? Top 5 import sources, in terms of change in value, exhibiting growth in April-December 2024 vis a
vis April-December 2023 are U Arab Emts (37.08%), China P Rp (9.38%), Russia (8.32%), Taiwan
(41.7%) and Thailand (22.46%).

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