India's exports in Feb 2022 up by 25.41% YoY to $57.03 bn

India’s exports in the April 2021-February 2022 period are estimated to be worth $601.77 billion—a rise of 36.19 per cent over the same period last year and an increase of 23.44 per cent over April-February 2019-20.

Overall imports in April-February 2021-22 are estimated to be $683.01 billion, exhibiting a growth of 51.51 per cent over the same period last year and a growth of 21.66 per cent over April-February 2019-20, according to an official release.

Merchandise exports in February were worth $34.57 billion compared to $27.63 billion in February 2021—a rise of 25.10 per cent. Compared to February 2020, exports in February this year rose by 24.60 per cent.

Merchandise imports in February were worth $55.45 billion—an increase of 36.07 per cent over imports of $40.75 billion in February 2021. The figure was a 46.28 per cent rise compared to February 2020.

Merchandise exports for April-February 2021-22 were worth $374.81 billion as against $256.55 billion during the same period in 2020-21, registering a growth of 46.09 per cent. Merchandise imports for that period in 2021-22 were worth $550.56 billion against $345.54 billion during the period in 2020-21—a growth of 59.33 per cent.

Services exports for February this year were worth $22.46 billion—a rise of 25.90 per cent over the February 2021figure of $17.84 billion and an increase of 31.06 per cent over the February 2020 figure of $17.14 billion.

ALCHEMPro News Desk (DS)