India Trade February 2020

India: Exports and imports both rebound in February

Merchandise exports increased 2.9% in February from the same month a year earlier, contrasting the 1.7% decrease in January and amounting to a total value of USD 27.7 billion. February’s rebound was driven by greater exports of electronic shipments. Merchandise imports increased 2.5% in February, contrasting the 0.8% fall in January and amounting to USD 37.5 billion.

The merchandise trade deficit amounted to USD 9.9 billion, widening slightly from the USD 9.7 billion shortfall in the same month a year earlier. The 12-month trailing sum of the trade deficit widened to USD 154.0 billion in February from USD 153.9 billion in January.

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