India: Merchandise exports growth falls in February
March 15, 2021
Merchandise exports increased 1.0% in annual terms in February, on the heels of January’s solid 8.2% expansion. Meanwhile, merchandise imports rose 8.1% in annual terms in February (January: +2.1% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 12.6 billion shortfall in February (January 2021: USD 14.5 billion deficit; February 2020: USD 9.9 billion deficit). Lastly, the trend deteriorated slightly, with the 12-month trailing merchandise trade balance recording a USD 94.4 billion deficit in February, compared to the USD 91.6 billion deficit in January.