Feb trade deficit at $9.85 bn against $ 15.17 bn same month last year
Economy

Feb trade deficit at $9.85 bn against $ 15.17 bn same month last year

Agency News

New Delhi, Mar 13 : The trade deficit for February, 2020 was estimated at USD 9.85 billion as against USD 9.72 billion in the same month last year, according to trade data released by the government on Friday.

Exports in February, 2020 were USD 27.65 billion, as compared to USD 26.87 billion in February 2019, exhibiting a positive growth of 2.91 per cent, the Ministry of Commerce and Industry said. Imports in February, 2020 were USD 37.50 billion, 2.48 per cent higher over imports of USD 36.59 billion in February, 2019.

Cumulative value of exports for the period April-February 2019-20 was USD 292.91 billion as against USD 297.36 billion during the period April-February 2018-19, registering a negative growth of (-) 1.50 per cent. Cumulative value of imports for the period April-February 2019-20 was USD 436.03 billion, as against USD 470.36 billion during the period April-February 2018-19, registering a negative growth of (-) 7.30 per cent. India's overall exports (Merchandise and Services combined) in April-February 2019-20 are estimated to be USD 491.64 billion, exhibiting a positive growth of 2.13 per cent over the same period last year. Overall imports in April-February 2019-20 are estimated to be USD 559.45 billion, exhibiting a negative growth of (-) 3.90 per cent over the same period last year.

Non-petroleum and Non-Gems and Jewellery exports in February, 2020 were USD 21.23 billion, as compared to USD 20 billion in February, 2019, exhibiting a positive growth of 6.16 per cent. Non-petroleum and Non-Gems and Jewellery exports in April-February 2019-20 were USD 218.83 billion, as compared to USD 217.60 billion for the corresponding period in 2018-19, an increase of 0.57 per cent. As per an RBI statement, service exports in January 2020 were USD 18.99 billion, registering a positive growth of 6.99 per cent.

Service imports in January, 2020 were USD 12.00 billion, registering a positive growth of 8.83 per cent vis-a-vis January 2019. The estimated value of service import for February, 2020 is USD 12.43 billion, the ministry said. (UNI)

pennews
www.pennews.net