Feb exports $27.67 bn, down 0.25% year- on- year

Pic courtesy: New Mangalore Port Trust

India’s merchandise exports in February 2021 were USD 27.67 billion as compared to USD 27.74 billion in February 2020, a decrease of 0.25%. On cumulative basis, exports during April-February 2020-21 were USD 255.92 billion, as compared to USD 291.87 billion during the same period of last year, exhibiting a negative growth of 12.32%.

India’s merchandise imports in February 2021were USD 40.55 billion, as compared to USD 37.90 billion in February 2020, an increase of 6.98%. Merchandise imports during April-February 2020-21 were USD 340.88 billion, as compared to USD 443.24 billion during the same period of last year, exhibiting a negative growth of 23.09%.

India is thus a net importer in February 2021, with a trade deficit of USD 12.88 billion, as compared to trade deficit of USD 10.16 billion in February 2020, up 26.74%.

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