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India sees marginal dip in merchandise exports in February
Mar-17-2026

The commerce ministry in its latest data has showed that India’s merchandise exports slipped marginally by 0.81 per cent to $36.61 billion in February 2026 as compared to $36.91 billion in the same month last year. Merchandise imports increased by 24.11 per cent to $63.71 billion in February 2026 from $51.33 billion recorded a year ago. As a result, trade deficit (difference between imports and exports) widened to $27.10 billion in February 2026 as compared with $14.42 billion in February 2025. 

According to the data, cumulatively, merchandise exports during April-February 2025-26 were $402.93 billion as compared to $395.66 billion during April-February 2024-25. Merchandise imports during April-February 2025-26 were $713.53 billion as compared to $657.46 billion during April-February 2024-25. Merchandise trade deficit during April-February 2025-26 was $310.60 billion as compared to $261.80 billion during April-February 2024-25. 

Non-petroleum and non-gems & jewellery exports in February 2026 were $30.55 billion compared to $28.66 billion in February 2025.  Non-petroleum and non-gems & jewellery exports in April-February 2025-26 were $327.96 billion, compared to $310.25 billion in April-February 2024-25. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in February 2026 were $40.33 billion compared to $35.39 billion in February 2025. Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-February 2025-26 were $454.82 billion, compared to $416.59 billion in April-February 2024-25.


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