Exports Dip 1.8% to $27.36 Bn in Dec 2019; 5th Consecutive Decline

Imports too declined by 8.83% to $38.61 billion, bringing down the trade deficit.

Published15 Jan 2020, 03:07 PM IST
1 min read

The country's exports contracted for the fifth month in a row, by 1.8 percent in December 2019 to $27.36 billion, according to data released by the Commerce Ministry on Wednesday, 15 January.

Imports too declined by 8.83 percent 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 percent to $10.69 billion, while gold imports dipped by about 4 percent to $2.46 billion.

During April-December 2019, exports slipped 1.96 percent to $239.29 billion, imports declined by 8.9 percent to $357.39 billion, leaving a trade deficit of $118.10 billion.

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!