New Delhi: India’s exports in February has been up by 25.41 per cent to US $ 57.03 billion over the last corresponding month, while overall exports - merchandise and services combined – in April-February 2021-22 shoot up by 36 per cent to $ 601.77 billion over the same period last fiscal, said Union Ministry of Commerce and Industry on Monday. Total merchandise exports in April-February 2021-22 soar close to $ 375 billion while total services exports during current FY go past $ 226 billion.

The overall exports of merchandise and services combined have exhibited a positive growth of 25.41 per cent over the same period last year and a positive growth of 27.07 per cent over February 2020. Overall imports in February 2022 are estimated to be US $ 69.35 billion, exhibiting a positive growth of 35.64 per cent over the same period last year and a positive growth of 44.62 per cent over February 2020.

Overall imports in April-February 2021-22 are estimated to be US $ 683.01 billion, exhibiting a positive growth of 51.51 per cent over the same period last year and a positive growth of 21.66 per cent over April-February 2019-20. Merchandise exports in February 2022 were US $ 34.57 billion, as compared to US $ 27.63 billion in February 2021, exhibiting a positive growth of 25.10 per cent. As compared to February 2020, exports in February 2022 exhibited a positive growth of 24.60 per cent.

Merchandise imports in February 2022 were US $ 55.45 billion, which is an increase of 36.07 per cent over imports of US $ 40.75 billion in February 2021. Imports in February 2022 have registered a positive growth of 46.28 per cent in comparison to February 2020. The merchandise trade balance for February 2022 was estimated at USD (-) 20.88 billion as against USD (-) 13.12 billion in February 2021, which is a decline of (-) 59.18 per cent.

Merchandise exports for the period April-February 2021-22 was US $ 374.81 billion as against US $ 256.55 billion during the period April-February 2020-21, registering a positive growth of 46.09 per cent. As compared to April-February 2019-20, exports in April-February 2021-22 exhibited a positive growth of 28.42 per cent. Merchandise imports for the period April-February 2021-22 were US $ 550.56 billion as against US $ 345.54 billion during the period April-February 2020-21, registering a positive growth of 59.33 per cent.

According to the Ministry of Commerce and Industry, the merchandise trade balance for April-February 2021-22 was estimated at USD (-) 175.75 Billion as against USD (-) 88.99 Billion in April-February 2020-21, which is a decline of (-) 97.51 per cent. As compared to April-February 2019-20 (USD (-) 151.37 Billion), trade balance in April-February 2021-22 exhibited a negative growth of (-) 16.11 per cent.

Non-petroleum and non-gems and jewellery exports in February 2022 were US $ 26.75 Billion, registering a positive growth of 19.01 per cent over non-petroleum and non-gems and jewellery exports of US $ 22.48 billion in February 2021 and a positive growth of 25.72 per cent over non-petroleum and non-gems and jewellery exports of US $ 21.28 billion in February 2020. /BI/