new Delhi. The country’s exports increased by 25.1 percent to $ 34.57 billion in the month of February. This information has been received from official figures released on Monday. Overall exports increased in July due to better performance of sectors like engineering, petroleum and chemicals. However, during this period the trade deficit increased to $ 20.88 billion.
Imports rose 36 percent to $55.45 billion in February
According to the data released by the Ministry of Commerce, in February, imports increased by 36 percent to $ 55.45 billion, in which petroleum and crude oil imports increased by 69 percent to $ 15.28 billion. The trade deficit in February 2021 was $13.12 billion.
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In the current fiscal year 2021-22 till February, it stood at $374.81 billion
According to the ministry, overall exports have increased by 46.09 percent to $ 374.81 billion during the April to February of the current financial year 2021-22. It was $ 256.55 billion in the same period a year ago. During this period, imports increased by 59.33 percent to $ 550.56 billion. At the same time, the trade deficit stood at $ 175.75 billion, which was $ 88.99 billion in the same period a year ago.
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what is trade deficit
When a country imports more than it exports, it is called trade deficit or trade deficit.
Tags: business news in hindi, Export, Import-Export
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