India’s overall exports (Merchandise & Services) USD 491.64 billion in Apr-Feb 2019-20

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New Delhi : India’s overall exports (Merchandise and Services combined) in April-February 2019-20 are estimated to be USD 491.64 billion exhibiting a positive growth of 2.13 per cent over the same period last year. Overall imports in April-February 2019-20 are estimated to be USD 559.45 billion exhibiting a negative growth of (-) 3.90 per cent over the same period last year.

Exports (including re-exports) : Exports in February 2020 were USD 27.65 billion as compared to USD 26.87 billion in February 2019 exhibiting a positive growth of 2.91 per cent. In Rupee terms, exports were Rs 1,97,646.12 crore in February 2020 as compared to Rs 1,91,345.27 crore in February 2019 registering a positive growth of 3.29 per cent.

Imports : Imports in February 2020 were USD 37.50 billion (Rs 2,68,063.75 crore), which was 2.48 per cent higher in Dollar terms and 2.86 per cent higher in Rupee terms over imports of USD 36.59 billion (Rs 2,60,603.47 crore) in February 2019. Cumulative value of imports for the period April-February 2019-20 was USD 436.03 billion (Rs 30,76,266.13 crore), as against USD 470.36 billion (Rs 32,90,920.85 crore) during the period April-February 2018-19, registering a negative growth of  (-) 7.30 per cent in Dollar terms (negative growth of (-) 6.52 per cent in Rupee terms).

Trade in Services : Exports (Receipts) – As per the latest press release by RBI dated March 13, 2020, exports in January 2020 were USD 18.99 billion (Rs 1,35,389.25 crore) registering a positive growth of 6.99 per cent in dollar terms, vis-à-vis January 2019. The estimated value of services export for February 2020 is USD 19.48 billion.

Imports (Payments): As per the latest press release by RBI dated March 13, 2020, imports in January 2020 were USD 12.00 billion (Rs 85,583.69 crore) registering a positive growth of 8.83 per cent in dollar terms, vis-à-vis January 2019. The estimated value of service import for February 2020 is USD 12.43 billion, according to a PIB release.