Wed, Mar 18,
India’s merchandise exports dropped in February this year for the first time in four months, falling by 0.8 per cent year on year (YoY) to $36.61 billion, according to the Ministry of Commerce data.
Insights
India's merchandise exports dropped in February for the first time in four months, falling by 0.8 per cent YoY, official data show.
Officials, however, have cautioned March could be 'challenging' as the crisis in the Middle East has disrupted freight movements through the Strait of Hormuz.
Such imports in the month rose by 24.1 per cent YoY to $63.7 billion, leading to a trade deficit of $27.1 billion.
India’s merchandise exports dropped in February this year for the first time in four months, falling by 0.8 per cent year on year (YoY) to $36.61 billion, according to the Ministry of Commerce data.
Officials, however, have cautioned March could be ‘challenging’ as the crisis in the Middle East has disrupted freight movements through the Strait of Hormuz.
Merchandise imports in the month rose by 24.1 per cent YoY to $63.7 billion, leading to a trade deficit of $27.1 billion.
The trade deficit was lower in February last year at $14.4 billion on a sequential basis. It narrowed in February this year from $34.7 billion in January.
Exports of goods and services stood at $790.86 billion between April 2025 and February 2026—up by 5.8 per cent YoY. Exports of goods grew by 1.8 per cent YoY during the period at $402.9 billion.