India's exports marginally declined 0.25 percent to $27.67 billion in February while imports grew by 6.98 percent to $40.55 billion during the month, according to provisional data released by the commerce ministry today(2nd March 2021).
The trade deficit widened to $12.88 billion in February as compared to $10.16 billion in the year-ago period, the ministry said in a statement.
The exports during April-February 2020-21 period stood at $255.92 billion. In the same period a year ago, it was at $291.87 billion, showing negative growth of 12.32 percent.
Imports during the April-February period too dipped 23 percent to $340.88 billion.
In February 2021, Oil imports were $8.99 billion, as compared to $10.78 billion in February 2020, a decline of 16.63 percent. Oil imports in April-February 2020-21 stood at $72.08 billion, as compared to $120.50 billion, showing a decline of 40.18 per cent.
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