India Trade Deficit Narrows in February


India's exports rose 4.25 per cent in February 2013 from a year earlier to INR 1412 Billion, while imports rose 2.6 per cent to INR 2214 billion, leaving a trade deficit of INR 802 billion, according to trade ministry data.

Exports during February, 2013 were valued at US$ 26259.36 million (Rs.  141206.31 crore) which was 4.23 per cent higher in Dollar terms (13.99 per cent higher in Rupee terms) than the level of US$  25194.42 million (Rs. 123873.66 crore) during February, 2012. Cumulative value of exports for the period April-February 2012 -13 was US$ 265946.37 million (Rs 1446626.70 crore) as against US$ 277124.56 million (Rs 1320835.99 crore) registering a negative growth of 4.03 per cent in Dollar terms and growth of 9.52 per cent in Rupee terms over the same period last year.

 
Imports during  February, 2013 were valued at US$  41181.65 million (Rs.221448.99 crore) representing a growth of 2.65 per cent in Dollar terms  and 12.27 per cent in Rupee terms over the level of imports valued at US$ 40118.54 million ( Rs. 197251.21 crore) in February, 2012. Cumulative value of imports for the period April-February,  2012-13 was US$ 448036.78 million (Rs.  2436564.45 crore) as against US$ 446938.82 million (Rs. 2132198.17 crore) registering a growth of 0.25 per cent in Dollar terms and growth of 14.27 per cent in Rupee terms over the same period last year.

Ministry of Commerce and Industry, Anna Fedec, anna@tradingeconomics.com
3/11/2013 11:20:14 AM