Imports fell 17.09 per cent to $33.81 billion, resulting in a trade deficit of $8.13 billion.
For the April-February period, exports were up 4.79 per cent to $282.7 billion, according to data released by the Ministry of Commerce and Industry on Tuesday.
Imports during the 11-month period fell 8.65 per cent to $410.86 billion.
The trade deficit during this period was $128 billion.
Oil imports in February declined 3.1 per cent to $13.69 billion.
Image: Dollars are stacked at a bank's teller; Photograph: Reuters