Exports up 10.3 per cent during February 1-8: Official

By: |
February 10, 2021 3:08 PM

Continuing with the positive growth, the country's exports grew by 10.3 per cent to USD 683 million during the first week of February on account of strong performance by key sectors such as engineering and chemicals, an official said on Wednesday.

exportsExports of organic and inorganic chemicals stood at USD 617 million during the period.

Continuing with the positive growth, the country’s exports grew by 10.3 per cent to USD 683 million during the first week of February on account of strong performance by key sectors such as engineering and chemicals, an official said on Wednesday.

Imports too increased by a marginal 0.7 per cent to USD 72.5 million during the week, the official added. Trade deficit narrowed by 19.4 per cent to USD 610 million.

Engineering goods showcased the maximum growth and the outbound shipments witnessed multifold increase to USD 1.6 billion during February 1-8.

Exports of organic and inorganic chemicals stood at USD 617 million during the period. However, some sectors which recorded negative growth include meat, dairy and poultry products; oil meals; and fruits and vegetables.

Further, gold imports increased by 70.7 per cent to USD 391.9 million during the week. Imports of petroleum products dipped 29.5 per cent to USD 951.7 million.

Exports in December 2020 and January had recorded positive growth.

Do you know What is India expected to grow 10 pc during current fiscal: NCAER Director General Poonam Gupt,FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1E-way GST bill generation picks up pace ahead of festive season
2DEA secy-led panel to firm up sustainable finance road map
3Exports of software services up 2.1% to $148.3 billion in 2020-21: RBI survey