India’s overall exports (Merchandise and Services combined) in February 2023* are estimated to be USD 63.02 Billion, exhibiting a positive growth of 7.81 per cent over the same period last year. Overall imports in February 2023* are estimated to be USD 65.85 Billion, exhibiting a negative growth of (-) 4.38 per cent over the same period last year.
Trade during February 2023*
|
February 2023 (USD Billion) |
February 2022
(USD Billion) |
||
| Merchandise | Exports | 33.88 |
37.15 |
|
Imports |
51.31 | 55.90 | |
| Services* | Exports | 29.15 |
21.30 |
|
Imports |
14.55 | 12.97 | |
|
Overall Trade (Merchandise +Services) * |
Exports | 63.02 |
58.46 |
|
Imports |
65.85 | 68.87 | |
| Trade Balance | -2.83 |
-10.41 |
* Note: The latest data for services sector released by RBI is for January 2023. The data for February 2023 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-February 2021-22 and April-September 2022 has been revised on pro-rata basis using quarterly balance of payments data.
Overall Trade during February 2023*
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1907162