Indian good exports and imports have seen an increase in February, according to the Commerce Ministry data. The exports increased 17.48 percent to $24.5 billion and imports have seen an increase of 21.7 percent to $33.4 billion.
With the imports and exports increasing, there has been a $8.9 billion trade deficit, which is the lowest in five months. China's exports and imports were dropped during the same month by 13 percent and 38.1 percent respectively.
Non-petroleum and non-gems and jewellery exports in February increased 20.14 percent and the a 2.16 percent increase was seen in imports for the same.
Although the imports of key items such as Coal, Petroleum, Gold etc was seen to be increased by 32.87 percent, 60.02 percent and 147.6 percent respectively, the imports of Iron and steel are seen to be narrowed by (-12.7 percent).