Registering second straight month of rise, India's exports rose by 4.25% to $26.26 billion in February,2013 over $25.19 billion in the same month of 2012 on account of improving situation in the European Union and US. It was in January that exports rose for the first time after the outbound shipments contracted for eight months in the current financial year.
Meanwhile, imports on the other hand grew just 2.5% at $41.18 billion in February, 2013 over $40.12 billion in the same month a year ago, thereby leaving a trade deficit of $14.92 billion in February, 2013 marginally lower against $14.93 billion in the same month of 2012.
However, for the first 11-month, exports declined by 4% at $265.95 billion against $277.1 billion in April-February, 2011-12. Out of this, petroleum imports increased 11.9% to $155 billion from $139 billion last year, while gold imports fell 7.6% to $52.4 billion ($56.7 billion). On the other hand, imports were up by 0.25% to $448.04 billion against over $446.1 billion in the corresponding period of 2011-12.
With this, trade deficit during April-February 2012-13, stood at $182.1 billion against $169.8 billion in the similar period of 2011-12 and also way closer to $185 billion dollars witnessed in the entire 2011-12.
