India’s exports for the month of December ’15 stood at $22.30 billion, 14.75 percent lower as compared to $26.15 billion
last December, according to Ministry of Industry and Commerce data.
The exports have slid for 13 consecutive months months reflecting the global slowdown which has seen lesser demand globally.
In the same period, India imported US$ 33.96 billion worth of merchandise which is 3.88 per cent lower than than US$ 35.33 billion last year.
“The trend of falling exports is in tandem with other major world economies (the growth in exports have fallen for USA, European Union, China by 10.30, 10.83, 6.94 per cent respectively for October 2015 over the corresponding period previous year as per WTO statistics),” the ministry said in a statement.
During April-December 2015, the export figure stood at US$ 196.60 billion as against $239.93 billion marking a sharp negative growth of 18.06 per cent over the same period last year.
Oil imports in the month stood at US$ 6.65 billion down 33.19 per cent lower than $9.96 billion in the corresponding period last year.
Non-oil imports during December, 2015 were estimated at US$ 27.30 billion which was 7.63 per cent higher than non-oil imports of $25.369billion in December, 2014.
The trade deficit for April-December, 2015-16 was estimated at US$ 99.2billion which was lower than the deficit of
US$ 111.68billion during April-December, 2014-15.
