NEW DELHI: India’s merchandise trade deficit grew to $21.19 billion in February, according to a data released by commerce ministry on Wednesday. The trade deficit shrunk to five-month low to $17.42 in January 2022 while in December 2021 it was $21.68 billion. Overall, the countrys merchandise export in the month of February 2022 was $33.81 billion, an increase of 22.36% over $27.63 billion in February 2021.
The merchandise export in April 2021-February 2022 was $374.05 billion, an increase of 45.80% over $256.55 billion in April 2020-February 2021 and an increase of 28.16% over $291.87 billion in April 2019-February 2020.
India’s merchandise import in February 2022 was $55.01 billion, an increase of 34.99% over $40.75 billion in February 2021. The merchandise import in April 2021-February 2022 was $550.12 billion, an increase of 59.21% over $345.54 billion in April 2020-February 2021.