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Exporting sectors which performed well include engineering goods, textiles, rice, oil meals, pharmaceutical and chemicals
India's exports rose by 4.25% to $26.26 billion in February, growing for the second month in a row. Exports in February 2012 touched $25.19 billion.
Imports also rose by 2.6% to $41.1 billion in the month under review, leaving a trade deficit of $14.92 billion.
“Europe is performing better, there is a slight improvement in demand,” said commerce secretary SR Rao.
Exporting sectors which performed well include engineering goods, textiles, rice, oil meals, pharmaceutical and chemicals.
However, during the April-February period of financial year 2012-13, the country’s overseas shipments declined by 4% to $265.95 billion.
Imports during the 11-month period grew by a mere 0.25% to $448 billion, leaving a trade deficit of $182.1 billion.