Page 21 - Policy Economic Report - June 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Figure 15: Overall Trade during May 2024

Source- RBI

• Exports of Coffee (64.23%), Tobacco (58.38%), Electronic Goods (22.97%), Meat, dairy & poultry
products (22.95%), Fruits & Vegetables (20.75%), Handicrafts excl. handmade carpet (20.63%),
Tea (19.57%), Carpet (17.55%), Plastic & Linoleum (16.6%), Petroleum Products (15.75%), Cereal
preparations & miscellaneous processed items (14.31%), Drugs & Pharmaceuticals (10.45%), RMG
of all Textiles (9.84%), Cotton Yarn/Fabs./made-ups, Handloom Products etc. (9.75%), Engineering
Goods (7.39%), Oil seeds (5.75%), Man-made Yarn/Fabs./made-ups etc. (4.65%), Organic &
Inorganic Chemicals (3.21%), Rice (2.76%) and Mica, Coal & Other Ores, Minerals including
processed minerals (1.08%) record positive growth during May 2024 over the corresponding
month of last year.

• Imports of Project goods (-44.31%), Coal, Coke & Briquettes, etc.(-26.55%),Cotton Raw & Waste(-
24.46%),Sulphur & Unroasted Iron Pyrts(-20.92%), Fertilizers, Crude & manufactured(-20.42%),
Leather & leather products(-20.05%), Chemical material & products (-9.81%), Gold (-9.76%),
Wood & Wood products(-7.2%),Iron & Steel (-6.65%),Dyeing/tanning/coloring mtrls.(-
5.1%),Newsprint(-4.49%), Textile yarn Fabric, made-up articles(-1.15%) and Organic & Inorganic
Chemicals(-0.49%) record negative growth during May 2024 over the corresponding month of last
year.

• Services exports is estimated to grow by 14.63percent during April-May 2024 over April-May
2023.

• Top 5 export destinations, in terms of change in value, exhibiting growth in May 2024 vis a vis
May 2023 are U S A (13.06%), Netherland (43.92%), U Arab Emirates (19.43%), Malaysia (86.95%)
and U K (33.54%).

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