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Feb exports dip 0.25% after rising three months due to uncertainties abroad

Exporters also cite container shortage; imports continue to rise due to revival in domestic economy and high commodity prices

trade, export, container, major ports, import, shipping, sea, business, seafarer, merchan navy
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Trade deficit or a gap between imports and exports declined to $12.88 billion in February from $14.54 billion in January.

Indivjal Dhasmana New Delhi
If Monday's macro economic data showed a revival in the economy, Tuesday came out with data that revealed uncertainty in the external world. After rising for three consecutive months, exports dipped by 0.25 per cent in February as demand remained lacklustre overseas.

However, exporters also attributed decline in exports to container shortages and supply disruptions due to increasing Covid cases in some states back home.

According to preliminary trade data released by the commerce department here, exports stood at $27.4 billion in February this year against $27.67 billion in the same month last year. The decline in exports