Exports decline by 1.8% in December

New Delhi, January 15

The country’s exports contracted for the fifth month in a row by 1.8% in December 2019 to $27.36 billion, according to data released by the commerce ministry on Wednesday.

Imports too declined by 8.83% to $38.61 billion, bringing down the trade deficit to $11.25 billion during the month under review. The trade deficit during December 2018 was $14.49 billion.

Oil imports contracted by 0.83% to $10.69 billion, while gold imports dipped by about 4% to $2.46 billion. During April-December 2019-20, exports slipped 1.96% to $239.29 billion, imports declined by 8.9% to $357.39 billion, leaving a trade deficit of $118.10 billion. — PTI