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Ministry of Commerce & Industry
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INDIA’S FOREIGN TRADE: February 2021
India’s overall exports  in April-February2020-21are estimated to be USD 439.64Billion, exhibiting a negative growth of  10.14per cent over the same period last year. Overall imports in April-February 2020-21are estimated to be USD 447.44Billion, exhibiting a negative growth of  20.83per cent over the same period last year.Note: i) The latest data for services sector released by RBI is for January 2021. The data for February 2021 is an estimation, which will be revised based on RBI’s subsequent release ii) the figures in bracket are growth rates vis-à-vis corresponding period of last year.
I. MERCHANDISE TRADE
EXPORTS 
- Exports inFebruary2021 were USD27.93Billion, as compared to USD27.74Billion in February 2020, exhibiting a positive growth of 0.67per cent. In Rupee terms, exports were Rs. 2,03,201.56Crore in February2021, as compared to Rs. 1,98,328.86Crore in February2020, registering a positive growth of 2.46per cent.
- The commodities/commodity groups which have recorded positive growth during February 2021 vis-à-vis February 2020 areOther cereals , Oil meals , Iron ore , Jute mfg. including floor covering , Rice , Meat, dairy & poultry products , Cereal preparations & miscellaneous processed items , Carpet , Spices , Drugs & pharmaceuticals , Handicrafts excl. handmade carpet , Ceramic products & glassware , Cotton yarn/fabs./made-ups, handloom products etc. , Tobacco , Mica, Coal & other ores, minerals including processed minerals , Plastic & Linoleum  and Organic & inorganic Chemicals .
- The commodities/commodity groups which have recorded negative growth during February 2021 vis-à-vis February 2020are Oil seeds , Leather & leather products , Petroleum products , Cashew , Gems & jewellery , RMG of all textiles , Electronic goods , Man-made yarn/fabs./made-ups etc. , Fruits & vegetables , Tea , Engineering goods , Coffee  and Marine products .
- Cumulative value of exports for the period April-February 2020-21 was USD256.18Billion  as against USD291.87Billion  during the period April-February 2019-20, registering a negative growth of  12.23per cent in Dollar terms  7.79per cent in Rupee terms).
- Non-petroleum and Non-Gems and Jewellery exports in February 2021 were USD22.52Billion, as compared to USD21.28Billion in February2020, registering a positive growth of 5.84per cent. Non-petroleum and Non-Gems and Jewellery exports in April-February 2020-21 were USD211.30Billion, as compared to USD219.22Billion for the corresponding period in 2019-20, which is a decrease of  3.61 per cent.
IMPORTS
- Imports in February2021 were USD40.54Billion , which is an increase of6.96per cent in Dollar terms and 8.86per cent in Rupee terms over imports of USD37.90Billion  in February2020. Cumulative value of imports for the period April-February 2020-21 was USD340.80Billion , as against USD443.24Billion  during the period April-February 2019-20, registering a negative growth of  23.11per cent in Dollar terms and a negative growth of  19.26per cent in Rupee terms.
- Major commodity groups of import showing negative growth in February2021 over the corresponding month of last year are:
CRUDE OIL AND NON-OIL IMPORTS:
- Oil imports inFebruary2021 were USD8.99Billion , which was 16.63percentlower in Dollar terms , compared to USD10.78Billion  in February2020. Oil imports inApril-February 2020-21 were USD72.08Billion  which was 40.18per cent lower in Dollar terms  compared to USD120.50Billion , over the same period last year.
- In this connection it is mentioned that the global Brent price  has increased by 12.65 % in February2021 vis-à-vis February2020 as per data available from World Bank.
- Non-oil imports inFebruary2021 were estimated at USD31.56Billion  which was 16.34percent higher in Dollar terms , compared to USD27.12Billion  in February2020. Non-oil imports inApril-February 2020-21 were USD268.72Billion  which was 16.74per cent lower in Dollar terms , compared to USD322.74Billion  in April-February2019-20.
- Non-Oil and Non-Gold imports wereUSD26.27Billion in February2021, recording a positive growth of 6.07per cent, as compared to Non-Oil and Non-Gold importsof USD 24.76Billion in February2020. Non-Oil and Non-Gold imports wereUSD242.61Billion in April-February 2020-21, recording a negative growth of  17.96per cent, as compared to Non-Oil and Non-Gold imports ofUSD 295.73Billion in April-February 2019-20.
II. TRADE IN SERVICES
EXPORTS 
- As per the latest press release by RBI dated 15thMarch 2021, exports in January 2021 were USD 17.08Billion  registering a negative growth of  10.06per cent in Dollar terms, vis-à-vis January2020. The estimated value of services export for February2021is USD 17.29Billion.
IMPORTS 
- As per the latest press release by RBI dated 15th March 2021, imports in January 2021were USD 10.10Billion  registering a negative growth of  15.86 per cent in Dollar terms, vis-à-vis January 2020. The estimated value of services import for February2021is USD 10.36 Billion.
III.TRADE BALANCE
- MERCHANDISE: The trade deficit for February2021 was estimated at USD12.62Billion as against the deficit of USD10.16Billion inFebruary2020, which is an increase of 24.14 percent.
- SERVICES: As per RBI’s Press Release dated 15th March 2021, the trade balance in Services  for January 2021is USD6.98Billion. The estimated trade balance in February 2021is USD 6.94Billion.
- OVERALL TRADE BALANCE: Taking merchandise and services together, overall trade deficit for April-February 2020-21is estimated at USD7.80Billion as compared to the deficit of USD75.90Billion in April-February 2019-20.Note: The latest data for services sector released by RBI is for January 2021. The data for February2021 is an estimation, which will be revised based on RBI’s subsequent release.
MERCHANDISE TRADE
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EXPORTS & IMPORTS : 
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FEBRUARY
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APRIL-FEBRUARY
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EXPORTS
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2019-20
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27.74
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291.87
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2020-21
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27.93
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256.18
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%Growth 2020-21/ 2019-20
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0.67
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-12.23
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IMPORTS
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2019-20
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37.90
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443.24
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2020-21
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40.54
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340.80
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%Growth 2020-21/ 2019-20
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6.96
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-23.11
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TRADE BALANCE
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2019-20
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-10.16
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-151.37
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2020-21
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-12.62
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-84.62
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EXPORTS &IMPORTS: 
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FEBRUARY
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APRIL-FEBRUARY
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EXPORTS
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2019-20
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1,98,328.86
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20,60,069.56
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2020-21
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2,03,201.56
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18,99,568.63
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%Growth 2020-21/ 2019-20
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2.46
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-7.79
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IMPORTS
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2019-20
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2,70,973.39
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31,26,965.99
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2020-21
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2,94,985.04
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25,24,727.09
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%Growth 2020-21/ 2019-20
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8.86
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-19.26
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TRADE BALANCE
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2019-20
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-72,644.53
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-10,66,896.42
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2020-21
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-91,783.48
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-6,25,158.46
SERVICES TRADE
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EXPORTS & IMPORTS  : 
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January 2021
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April-January 2020-21
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EXPORTS 
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17.08
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166.17
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IMPORTS 
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10.10
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96.28
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TRADE BALANCE
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6.98
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69.89
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EXPORTS & IMPORTS : 
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January 2021
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April-January 2020-21
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EXPORTS 
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1,24,841.61
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12,37,541.83
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IMPORTS 
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73,825.87
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7,16,842.28
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TRADE BALANCE
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51,015.74
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5,20,699.56
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Source: RBI Press Release dated 15th March 2021
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Quick Estimates February 2021