Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
exports 1
March 14, 2022

Exports up 25.1% to $34.57 bn in February: Trade deficit widens to $20.88 bn

Urvi Srivastava CFO Stance, Credit & Capital chemicals, commerce ministry, engineering, exports, petroleum, trade deficit

Imports during the month too jumped 36 percent to $55.45 billion, with inbound shipments of petroleum and crude oil surging 69 percent to $15.28 billion.

India’s exports rose 25.1 percent to $34.57 billion in February on account of healthy growth in sectors like engineering, petroleum and chemicals, even as the Trade deficit widened to $20.88 billion, according to data released by the commerce ministry on Monday.

Imports during the month too jumped 36 percent to $55.45 billion, with inbound shipments of petroleum and crude oil surging 69 percent to $15.28 billion.

Trade deficit — the difference between imports and exports — stood at $13.12 billion in February 2021.

”Merchandise exports for April-February 2021-22 was $374.81 billion as against $256.55 billion during April-February 2020-21, registering a positive growth of 46.09 percent,” the ministry said.

Imports during the 11-month period rose 59.33 percent to $550.56 billion. Trade deficit during this period widened to $175.75 billion as against $88.99 billion during April-February 2020-21.

According to the data, gold imports in February dipped by 9.65 percent to $4.8 billion. Imports of electronic goods rose about 29.53 percent to $6.27 billion. Exports of engineering goods, petroleum and chemicals in February increased by 32 percent, 88.14 percent and 25.38 percent to $9.32 billion, $4.64 billion and $2.4 billion, respectively.

Pharmaceutical exports, however, slipped by 1.78 percent to $1.96 billion in February.

PTI

Urvi Shrivastav

→ Urvi Shrivastav

I-T dept searches Omaxe group premises in NCR, others Equity Benchmarks Continue Their Gains

Related Posts

V-shaped recovery

Credit & Capital, Financial Reporting

Indian Banks’ Loss-Absorbing Ability To Recover By Excess Credit Growth: Fitch

File photo of commuters walking past a bank sign along a road in New Delhi

Credit & Capital, Financial Reporting

Bank Loans To See Strong Growth In FY23 Despite Higher Interest Rates: Report

Rbi cfo

Credit & Capital, Economic Trends, Financial Reporting

RBI To Continue Interest Grants On KCC Crop Loan Till FY25

Selected Stories

  • Anurag Mishra CFOJW Marriott New Delhi Appoints Anurag Mishra as Director of Finance

    Read more

  • 1678170556_zXCK41_CFOBest CFO & Finance Strategy Awards: Navigating Through Uncertain Macroeconomic Environment

    Read more

  • economyEconomy Remains Steady In Recent Months: PHD Chamber

    Read more

  • 20220714_125227Infosys Reports Strong Growth In Q3, Revenues Jump To Rs 38,318 Cr

    Read more

  • 20211201_100953-1Tech Mahindra, Microsoft Collaborate To Deliver Cloud-powered 5G Core Network Modernisation For Telcos

    Read more

Movements

  • zUah2lDb_400x400Deloitte India Named Romal Shetty As CEO For Four-Year Term
  • cfo imageVishnuhari Pareek Named As Head Of Finance At Arkam Ventures
  • thumbnail_Sidharth1Siddharth Sehgal Is New CFO Of BeatO
  • Business men giving a handshake. Business conceptRamamurthy Becomes MD, CEO of BSE, SEBI approves appointment
  • 1554629557880Arvind Agarwal Resigns Nykaa, Joins PayU India As CFO

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.