Mar 2: 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%.Exports during April-February2020-21 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, anincrease 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, improvement by 26.74%.
Some Statistics:
Value of non-petroleum and non-gems and jewellery exports in February 2021 was USD 22.48 billion as compared to USD 21.28 billion in February 2020, a positive growth of 5.65%.
Non-oil, non-GJ (gold, silver & Precious metals) imports were USD 23.85 billion in February 2021 as compared to non-oil and non-GJ imports of USD 22.21 billion in February 2020,a positive growth of 7.40%
Top 5 commodity groups of export which recorded positive growth during February 2021 vis-à-vis February 2020 are: Other Cereals (542.06%), Oil meals (244.12%), Iron Ore (167.79%), Jute manufacturing including floor covering (45.40%), and Rice(30.10%)
Top 5 commodity groups of import showing a fall in February 2021vis-à-vis February 2020 are: Silver (-91.55%), Newsprint (-80.76%), Fertilisers, Crude & manufactured (-46.01), Coal, Coke & Briquettes, etc. (-28.09%), and Leather & leather products (-26.75)
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