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Trade Deficit In February 2021: At 0 25%, Exports Decrease Marginally In February, Trade Deficit Widens To $12 88 Billion

Trade Deficit In February 2021: At 0 25%, Exports Decrease Marginally In February, Trade Deficit Widens To $12 88 Billion
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Exports Grew Marginally by 0 14% In December 2020, Trade Deficit Increased To $15 44 Billion

The data revealed that exports of petroleum products contracted 35.35 per cent to $ 2.34 billion in December 2020, while that of readymade garments shrank 15.05 per cent to $ 1.19 billion. However, exports of electronic goods grew by 16.51 per cent to $ 1.25 billion and of chemicals by 10.79 per cent to nearly $ 2 billion. If the merchandise and services are combined, the country s overall exports in the April-December period stood at $ 348.49 billion, a decline of 12.65 per cent over the corresponding period in 2019. Additionally, the outward shipments of rice, tea, spices as well as oil meals too were higher in December 2020 as compared to the corresponding month of 2019. The cumulative value of exports for the April-December period was $ 200.80 billion as compared to $ 238.27 billion during the corresponding period in 2019, registering a decline of 15.73 per cent. The overall imports in the April-December period were estimated to be $ 343.27 billion, reflecting negativ

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