Merchandise export figures recorded for last month suggest robust growth in foreign trade sector

• 03, Mar 2021

The merchandise export figures recorded for the last month in the country suggest a robust growth in the foreign trade sector. With a total merchandise export of USD 27.67 billion last month compared to USD 27.74 billion in February last year, the gap between the corresponding export figures has reduced to stand at merely 0.25 per cent.

Export figures for Rice, Oil meals, Iron Ore and other cereals have recorded positive growth in the last month compared to the corresponding period last year. The Ministry of Commerce & Industry has informed that in the same time frame import of Silver, Newsprint, Fertilisers, Coal & Coke and Leather Products have shown significant reduction in their numbers.

With India’s overall merchandise imports of USD 40.55 billion recorded in the last month, the trade deficit figures for February month stand at USD 12.88 billion.

Sources : News on AIR