Page 17 - Policy Economic Report - November 2024
P. 17

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

   India’s foreign trade position

• India’s total exports (Merchandise and Services combined) for October 2024 is estimated at USD
    73.21 Billion, registering a growth of 19.08 percent vis-à-vis October 2023.

• Total imports (Merchandise and Services combined) for October 2024 are estimated at USD 83.33
    Billion, registering a growth of 7.77 percent vis-à-vis October 2023.

Table 1: Trade during October 2024

                                             October 2024   October 2023
                                             (USD Billion)  (USD Billion)

Merchandise                     Exports      39.20          33.43

                                Imports      66.34          63.86

Services                        Exports      34.02          28.05

                                Imports      17.00          13.46

Overall Trade                   Exports      73.21          61.48
                                             83.33          77.33
(Merchandise + Services)

                                Imports

                                     Trade Balance -10.12   -15.85
Source- Ministry of Commerce & Industry

Figure 7: Overall Trade during October 2024

                   Source- RBI                                             Page | 16

November 2024
   12   13   14   15   16   17   18   19   20   21   22