The country’s trade deficit in goods widened to $12.88 billion in February from $10.16 billion during the corresponding period a year earlier, according to preliminary data released by the government on Tuesday, March 2. Merchandise exports declined 0.25 per cent in February from a year earlier to $27.67 billion, while imports were up 6.98 per cent to $40.55 billion. India was a net importer in February 2021 with a trade deficit of $12.88 billion, as compared to $10.16 billion in the corresponding month last year, improving by 26.74 per cent. (Also Read: At 0.14%, Exports Grew Marginally In December, Trade Deficit Rose To $15.44 Billion )
Merchandise exports in February 2021 were $27.67 billion as compared to $27.74 billion in the corresponding month last year, registering a decrease of 0.25 per cent. On the other hand, imports in February were $40.55 billion, as compared to $37.90 billion in the corresponding month last year, registering an increase of 6.98 per cent.