Electronic goods exports registered a growth of over 34% compared to February 2021

India's overall exports (Merchandise and Services combined) in February 2022 are estimated to be USD 57.03 billion, exhibiting a positive growth of 25.41% over the same period last year and a positive growth of 27.07% over February 2020.

Overall imports in February 2022 are estimated to be USD 69.35 billion, exhibiting a positive growth of 35.64% over the same period last year and a positive growth of 44.62% over February 2020.

Merchandise exports in February 2022 stood at USD 34.57 billion, as compared to USD 27.63 billion in February 2021, exhibiting a positive growth of 25.10%. As compared to February 2020, exports in February 2022 exhibited a positive growth of 24.60%.

Merchandise imports in February 2022 were USD 55.45 Billion, which is an increase of 36.07% over imports of USD 40.75 billion in February 2021. Imports in February 2022 have registered a positive growth of 46.28% in comparison to February 2020.

Releasing the latest data on Monday, the Ministry of Commerce and Industry said Indian electronic and engineering goods’ exports were up in February, following the trend of the last few months.

The Ministry of Commerce and Industry observed that there has been a sharp increase in the trade deficit. The overall trade deficit (merchandise and services combined), widened to $12.32 billion in February 2022 against $5.65 billion recorded in February 2021.

India's overall exports (merchandise and services combined) in April-February 2021-22 are estimated to be USD 601.77 billion, exhibiting a positive growth of 36.19% over the same period last year and a positive growth of 23.44% over April-February 2019-20.

Overall imports in April-February 2021-22 are estimated to be USD 683.01 billion, exhibiting a positive growth of 51.51% over the same period last year and a positive growth of 21.66% over April-February 2019-20.