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 per cent over the same period last year and a positive growth of 27.07 per cent over February 2020. Overall imports in February 2022* are estimated to be USD 69.35 Billion, exhibiting a positive growth of 35.64 per cent over the same period last year and a positive growth of 44.62 per cent over February 2020.
Table: Trade during February 2022*
|
February 2022 (USD Billion) |
February 2021
(USD Billion) |
February 2020 (USD Billion) |
Growth vis-à-vis February 2021 (%) |
Growth vis-à-vis February 2020 (%) |
||
|
Merchandise |
Exports |
34.57 | 27.63 | 27.74 | 25.10 | 24.60 |
| Imports | 55.45 | 40.75 | 37.90 | 36.07 |
46.28 |
|
|
Trade Balance |
-20.88 | -13.12 | -10.16 | -59.18 | -105.45 | |
| Services* | Exports | 22.46 | 17.84 | 17.14 | 25.90 |
31.06 |
|
Imports |
13.91 | 10.38 | 10.05 | 33.95 |
38.39 |
|
|
Net of Services |
8.56 | 7.46 | 7.09 | 14.69 | 20.68 | |
|
Overall Trade (Merchandise+Services)* |
Exports | 57.03 | 45.48 | 44.88 | 25.41 |
27.07 |
|
Imports |
69.35 | 51.13 | 47.95 | 35.64 | 44.62 | |
| Trade Balance | -12.32 | -5.65 | -3.07 | -117.90 |
-301.25 |
* Note: The latest data for services sector released by RBI is for January 2022. The data for February 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for 2019, 2020 and April to September 2021 are revised on pro-rata basis using quarterly balance of payments data.
The Statistics of Quick Estimates for February 2022 can be accessed at: https://static.pib.gov.in/WriteReadData/specificdocs/documents/2022/mar/doc202231424901.pdf
The Complete Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1805697