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Business Economy


February trade deficit decreases to USD 9.60 bn Vs USD 12.30 bn same month last year

New Delhi, Mar 15 (UNI) The trade deficit for February 2019 was estimated at USD 9.60 Billion as against the deficit of USD 12.30 Billion in the same month last year, the Trade ministry said on Friday.
Exports in February 2019 were USD 26.67 Billion, as compared to USD 26.03 Billion in February 2018, exhibiting a positive growth of 2.44 per cent.
In Rupee terms, exports were Rs 1,89,931.49 Crore in February 2019, as compared to Rs 1,67,583.64 Crore in February 2018, registering a positive growth of 13.34 per cent.
Taking merchandise and services together, overall trade deficit for April-February 2018-19 is estimated at USD 93.32 Billion as compared to USD 82.46 Billion in April-February 2017-18, the government data said.
India’s overall exports (Merchandise and Services combined) in April-February 2018-19 are estimated to be USD 483.98 Billion, exhibiting a positive growth of 8.73 per cent over the same period last year.
Overall imports in April-February 2018-19 are estimated to be USD 577.31 Billion, exhibiting a positive growth of 9.42 per cent over the same period last year.

The trade balance in Services for January, 2019 is estimated at USD 6.72 Billion.
Cumulative value of exports for the period April-February 2018-19 was USD 298.47 Billion as against USD 274.21 Billion during the period April-February 2017-18, registering a positive growth of 8.85 per cent.
In February 2019, major commodity groups of export showed positive growth over the corresponding month of last year. Drugs & Pharmaceuticals grew by 16.11 per cent, RMG of all Textiles 7.17 per cent, Organic & Inorganic Chemicals by 4.14 per cent and Engineering Goods by1.73 per cent in February compared to the same month last year.
Non-petroleum and Non Gems and Jewellery exports in February 2019 were USD 19.87 Billion, as compared to USD 18.90 Billion in February 2018, exhibiting a positive growth of 5.14 per cent.
Imports in February 2019 were USD 36.26 Billion , which was 5.41 per cent lower over imports of USD 38.34 Billion in February 2018.
Major commodity groups of import showing negative growth in February 2019 over the corresponding month of last year are Pearls, Precious & Semi-precious stones -17.5 per cent, Gold -10.81 per cent, Petroleum, Crude & products -8.05 per cent and Electronic goods -6.48 per cent.
Oil imports in February 2019 were USD 9.38 Billion , which was 8.05 percent lower compared to USD 10.20 Billion in February 2018.
Exports in Services in January 2019 were USD 17.75 Billion registering a negative growth of 1.02 per cent, vis-a-vis December 2018.
UNI RSA ADG 1858
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