Trade deficit narrows to $12 bn in February, exports at $27.93 bn

Exports of items such as iron-ore, rice, cereal preparations meat, dairy and poultry products, spices, drugs and pharmaceuticals, handloom products, coal and other ores continued to rise

The growth in exports in February declined to just 0.67 per cent against 6.16 per cent in January due to subdued external demand because of Covid-19.
 
Exports stood at $27.93 billion in February. Imports, on the other hand, grew 6.96 per cent at $40.54 billion, the data released by the commerce ministry on Monday showed. The trade deficit gap — between imports and exports — narrowed to $12.16 billion from over $14 billion in January. ‘
 
Exporters said a dip in exports was mainly on account of container shortages across the country and limited supply disruptions in the