The exports during April-February 2020-21 period stood at USD 255.92 billion. In the same period a year ago, it was at USD 291.87 billion, showing a negative growth of 12.32 per cent. Imports during April-February period too dipped 23 per cent to USD 340.88 billion.
In February, oil imports declined 16.63 per cent to USD USD 8.99 billion. It was down 40.18 per cent to USD 72.08 billion during the 11-month period of the current fiscal. Major commodities of export which recorded positive growth in February include oil meals, iron ore, rice, meat, dairy and poultry products, carpet, spices, pharmaceuticals and chemicals.
Many export commodities recorded negative growth during the same period. They are petroleum products (-27.13 per cent), leather (-21.62 per cent), cashew (-18.6 per cent), gems and jewellery (-11.18 per cent), engineering goods (-2.56 per cent), tea (-2.49 per cent) and coffee (-0.73 per cent).