Page 19 - Policy Economic Report - September 2024
P. 19
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
• Total imports (Merchandise and Services combined) for August 2024 is estimated at USD 80.06
Billion, registering a growth of 3.45 percent vis-à-vis August 2023.
Table 1: Trade during August 2024
August 2024 August 2023
(USD Billion) (USD Billion)
Merchandise Exports 34.71 38.28
Imports 64.36 62.30
Services Exports 30.69 28.71
Imports 15.70 15.09
Overall Trade Exports 65.40 67.00
80.06 77.39
(Merchandise + Services)
Imports
Trade Balance -14.66 -10.39
Source- Ministry of Commerce & Industry
Figure 10: Overall Trade during August 2024
Source- RBI Page | 18
September 2024
