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