India’s exports increased by 25.41 percent YoY to $57.03 bn in Feb, 2022

India’s exports in the April 2021-February 2022 period are estimated to be worth $601.77 bn—a rise of 36.19 percent over the same period last year and an increase of 23.44 percent over April-February 2019-20. Overall imports in April-February 2021-22 are estimated to be $683.01 bn, exhibiting a growth of 51.51 percent over the same period last year and a growth of 21.66 percent over April-February 2019-20, according to an official report.

Merchandise exports in February were worth $34.57 bn compared to $27.63 bn in February 2021—a rise of 25.10 percent. Compared to February 2020, exports in February this year rose by 24.60 percent. Merchandise imports in February were worth $55.45 bn—an increase of 36.07 percent over imports of $40.75 bn in February 2021. The figure was a 46.28 percent rise compared to February 2020.

Merchandise exports for April-February 2021-22 were worth $374.81 bn as against $256.55 bn during the same period in 2020-21, registering a growth of 46.09 percent. Merchandise imports for that period in 2021-22 were worth $550.56 bn against $345.54 bn during the period in 2020-21—a growth of 59.33 percent. Services exports for February this year were worth $22.46 bn—a rise of 25.90 percent over the February 2021figure of $17.84 bn and an increase of 31.06 percent over the February 2020 figure of $17.14 bn.