SME Times News Bureau | 15 Mar, 2019
Merchandise exports rose 2.44 per cent to $26.67 billion in
February from $26.03 per cent in the year-ago month mainly driven by higher
shipments in sectors such as pharmaceutical, engineering and electronics.
Exports in February 2019 were US $ 26.67Billion, as compared
to US $ 26.03Billion in February 2018, exhibiting a positive growth of 2.44 per
cent. In Rupee terms, exports were Rs. 1,89,931.49Crore in February 2019, as
compared to Rs. 1,67,583.64 Crore in February 2018, registering a positive
growth of 13.34 per cent, said an official release on Friday.
Overall exports (Merchandise and Services combined) in
April-February 2018-19* are estimated to be USD 483.98Billion, exhibiting a
positive growth of 8.73per cent over the same period last year. Overall imports
in April-February2018-19* are estimated to be USD 577.31Billion, exhibiting a
positive growth of 9.42per cent over the same period last year, it added.
Imports declined by 5.4 per cent to $36.26 billion in the
last month, narrowing the trade deficit to $9.6 billion.
The gap between imports and exports was $12.3 billion in
February 2018, and $14.73 billion in January 2019.
As per the data, the decline in imports was mainly on
account of sharp decline in inward shipments of gold and petroleum products.