There has been an increase in both India’s exports and imports in the month of February. If we look at the figures, compared to last year, there has been an increase of 11 percent in the country’s exports, while there has been an increase of about 22 percent in the imports. Due to which there has been a huge increase in the trade deficit of the country. According to the report, in the current financial year, the country’s exports have seen a growth of more than 5 percent as compared to last year. However, the government estimates that due to the closure of the Homurz Strait, there is a possibility of a decline in exports in the month of March. Let us also tell you what kind of figures have been released by the government regarding the country’s exports and imports…
Figures released by the government
- According to the data released by the Commerce Ministry, India’s total goods and services exports reached $76.13 billion in February 2026, which is 11.04 percent more than $68.56 billion in February 2025.
- At the same time, imports increased even more rapidly. Which increased by 21.61 percent to $80.09 billion from last year’s $65.84 billion.
- Due to this, the total trade deficit increased to $3.96 billion in February, whereas in the same month last year this deficit was $2.72 billion.
- In February, merchandise exports declined slightly to $36.61 billion from $36.91 billion, while imports increased from $51.33 billion to $63.71 billion.
- Meanwhile, services exports increased from $31.65 billion to $39.53 billion, and services imports increased from $14.51 billion to $16.38 billion.
- This financial year so far (April-February), total exports are estimated at $790.86 billion, which is more than last year’s $747.58 billion. This represents an increase of about 5.8 percent, or roughly $42-43 billion.
- India had earlier made a record by exporting a total of $ 824.9 billion in 2024-25. This was more than the estimate of $ 800 billion and 6.01 percent more than the $ 778.1 billion for 2023-24.
Exports may decrease in March
Commenting on these figures, Commerce Secretary Rajesh Aggarwal said that despite the challenges, the country’s exports are performing well. He further said that during April-February of FY26, exports increased by 1.84 per cent to $402.93 billion, while imports increased by 8.53 per cent to $713.53 billion. Aggarwal also warned that exports may slow down in March. The reason for this is the disruptions in logistics due to the West Asia crisis. This crisis started with the military action of America and Israel against Iran on February 28 and has affected many important trade routes including the Strait of Hormuz.