New Delhi, March 16 India's exports to the US fell by 12.88 per cent year-on-year to USD 6.88 billion in February due to high tariffs in America, while the trade deficit with China crossed USD 100 billion during the 11-month period of this fiscal, according to data released by the commerce ministry on Monday.
Exports declined in September, October, December last year, and also in January this year. However, they increased by 22.61 per cent in November.
Indian goods were facing a 50 per cent levy in the US. But after the US Supreme Court struck down the Trump tariffs, US President Donald Trump imposed a 10 per cent duty on all countries from February 24 for 150 days.
Therefore, the impact of the lower tariffs is likely to be reflected in the data for March, which will be released in mid-May.
Imports from the US, on the other hand, increased by 36.53 per cent to USD 4.48 billion in February, according to the data.
During the April-February period of this fiscal year, the country's exports to the US increased by 3.84 per cent to USD 79.29 billion, while imports rose by 15.65 per cent to USD 48.4 billion.
The country's exports to China rose by 32.37 per cent to USD 1.67 billion, while imports surged by 30.49 per cent to USD 11.95 billion.
During the 11-month period of this fiscal year, the country's exports to China increased by 37.66 per cent to USD 17.54 billion, while imports rose by 15.21 per cent to USD 119.55 billion. The trade deficit has reached USD 102.01 billion.
India's exports to Germany, Hong Kong, Italy, Nepal, France, Brazil, Spain, Belgium, Malaysia, and Vietnam saw growth during the month under review.
However, exports to the UK, the Netherlands, the US, Saudi Arabia, Bangladesh, Singapore, Australia, and South Africa declined.
On the import front, shipments from the UAE, Russia, Germany, Thailand, and Qatar declined in February.
However, imports rose from Saudi Arabia, Iraq, Switzerland, Singapore, Hong Kong, Japan, Korea, and Indonesia.
India mainly imports gold from Switzerland. The country's imports from this nation increased about 7 times in February to USD 2.71 billion.